Forex and Bitcoin news for Asia trading Monday 22 January 2018
Monday:
- Spokesman for China's state planner says economy to be steady, good momentum this year
- ECB meet this week - preview
- US shutdown - Senate to vote on stopgap funding bill noon on Monday (NY time)
- Bank of Japan previews (announcement likely Tuesday from 0230 GMT)
- PBOC sets USD/ CNY mid-point today at 6.4112 (vs. Friday at 6.4169)
- Nearby significant option expiries today - and a look ahead
- China press - No need for PBOC to hike benchmark rates
- Weekend US press- Fed's Williams not really worried about inflation taking off
- Weekend ratings upgrades - Fitch bumps up Spain and Greece
- UK's Sunday Times says Nigel Farage may launch new Brexit party
- Japan January Reuters Tankan Index: Manufacturing +35 (previous +27) - 11 year high
- A look at the Australian economic calendar for the week ahead (you're gonna love this!)
- TD on USD repatriation - a wild card for the USD, not a game changer
- Don't get too hung up on the US government shut down - impact varies on your time frame
- Brexit- UK business group head urges UK / EU customs union
- EUR/USD just avoided stepping on a banana skin
- Quick preview of the BOJ meeting this week (announcement due Tuesday)
- Trade ideas thread - Monday 22 January 2018
- Barclays on markets market to front loading EURUSD strength
- Germany’s Social Democrats back formal coalition talks with Chancellor Merkel
- Bitcoin - now even the Nostradamus chaps are getting in on it
- Weekend Brexit news: Macron says UK can have a bespoke deal with EU after Brexit
- Weekend oil: OPEC, Russia reaffirm oil-production cuts until year end, maybe beyond
- Economic calendar due from Asia today - fuggedaboudit
- Monday morning FX - 22 January 2018 - foreign exchange prices, early indications
Weekend:
- The inescapable truth about cryptocurrencies
- The blame game begins as US government shuts down
- Senate sets 10 pm ET vote on four-week stopgap spending bill
- Any opportunities left in FX?
ICYMI:
There were a few news items over the weekend that helped some currencies and weighed on others. The knee-jerk response to the USD government shutdown was a USD sell, but only small. Conversely, German politics was more constructive, with tentative steps further taken on talks to form government (see bullets above); EUR was given a boost by the weekend news.
French used horse dealer President Emmanuel Macron gave UK PM May a bit of encouragement with words on a deal, but with plenty of caveats (again, see bullets above). Cable was a little higher early with this helping hand.
After the positive start for EUR/USD and GBP/USD though the two retraced to be now little changed from late Friday as I update.
USD/CHF, ditto on the little changed.
USD/JPY, too, weakish early (not large - all the moves here have been small) and then recovered to be on its session high as I post (that's not saying a lot in the range we've had, but still).
CAD, AUD and NZD are barely changed against the USD too.
Not a lot to report, but be sure to pop in to Asia tomorrow for the Bank of Japan announcement (due from 0230 GMT)
- Quick preview of the BOJ meeting this week
- Bank of Japan policy announcement due Tuesday - preview
- Bank of Japan previews (announcement likely Tuesday from 0230 GMT)
Ahead of that, the US Senate vote on funding at noon Monday (US eastern time)
