Forexlive Asian Pacific FX news wrap: Australian trade balance disappoints. Bitcoin me up
Forex new for Asian_Pacific trading on December 7, 2017.
- Bitcoin corrects to intraday support and pushes back above $14K
- BOJ's Kuroda: BOJ will do whatever it takes to achieve mandates
- Australia's main stock exchange to start using blockchain technology
- Japan sells 30 year bond at average yield of 0.8480%
- More from BOJ's Kuroda: It is important for BOJ to keep aiming for 2% inflation target
- US banks expect trading revenue to fall in Q4 2017
- Forex technical analysis: GBPJPY's floor yesterday, is the ceiling today
- Japan markets rebound today.
- Tokyo average office vacancies for November come in at 3.03 versus 3.02
- PBOC: IMF report stress test comments not the full picture
- PBOC sets Yuan midpoint at 6.6195/dlr vs last close 6.6145
- IMF: China's apparent primary goals for jobs, growth conflicted w/ financial objective
- Australian trade balance for October A$105M vs. A$1400M estimate
- Bitcoin technical analysis: The digital currency eyes $14,000 next. How can you manage your huge gains?
- Saudi Arabia: US decision is unjustified and irresponsible
- Reuters Tankan suggests that BOJ Tankan report to be firm
- Comments from RBNZ: The economy continues to perform well
- Juncker: Fears PM May's government will collapse without a Brexit deal
- AiG performance of construction index for November comes in at 57.5
- The biggest winner and the biggest loser in the forex market today
- ForexLive Americas FX news wrap: Canadian dollar clobbered
A snapshot of other markets are showing:
- Japan stocks rebound. Nikkei 225 is trading up 1.11% while the Topix index is up about 1.02%
- The Hang Seng is trying to rebound but is trading near unchanged levels currently
- The Shanghai index is lower by -0.62%
- Spot gold unchanged at $1263.34.
- WTI crude oil is up $0.20 or +0.36% at $56.16. If there is more downside, look for support at the $55.00-$55.24 area.
- Japan auctioned off a 30 year bond at an average yield of 0.848%
- US 2 year is at 1.806%, unchanged. The 10 year is at 2.342%, up 0.3 bp. The 30 year bond is at 2.7285%, unchanged
- Bitcoin traded up to $14,400 - a new record (what's new) - and trades at $14,290. Bitcoin me up and up and up and up....
As for the GBPUSD, it had a 22 pip trading range after bottoming yesterday near the 38.2% of the move up from the November low. The pair remains below the 200 hour MA at 1.34138 (green line in the chart below). Those are that pairs level to eye as the London traders enter. The sellers are trying to take more control with the moves below the MAs, but need to get below the 38.2% level to continue to move lower.