Forex news for Asia trading Tuesday 15 January 2019
- Plenty of Japan speakers on the agenda in the days ahead (Kuroda, Aso, Asakawa)
- Comments from PBOC's Zhu on the yuan - confident the currency can be kept stable
- CNN reports Trump has sent a letter to North Korea's Kim
- PBOC dep gov Zhu says prudent monetary policy does not mean there will be no changes
- China NDRC vice chair says no flood of stimulus coming, but will speed projects
- All the Brexit vote posts in one place (pls note the vote is Tuesday 15 January 2019)
- China's finance ministry says it will boost fiscal expenditure in 2019
- China state planner statement on more stimulus to come
- More on oil - here's what to watch from OPEC+ coming up
- JP Morgan highlight supportive factors for oil (and the factors not supporting)
- PBOC sets USD/ CNY central rate at 6.7542 (vs. yesterday at 6.7560)
- If Chinese growth is slowing as fast as it appears, the path is lower for CAD
- Australian private survey of business: 'Business confidence tanks'
- Deutsche Bank's projection of 3 Fed rate hikes to come, and maybe even more
- Japan data - Money stock for December
- Australian data (earlier) - weekly consumer confidence improves
- Trade ideas thread - Tuesday 15 January 2019
- NZ food prices (Dec.) -0.2% m/m (prior -0.6%)
- NZ businesses remained downbeat about the economy in Q4 2018, but less so
After yesterday's poor China data (exports, imports slump) we got supportive comments rolled out of China today from the PBOC, the NDRC, and the Ministry of Finance. The comments were nuanced and perhaps not rippingly bullish, but markets took heart nevertheless and ripped yen crosses higher along with stocks.
AUD, EUR, NZD, CAD, GBP all higher against the USD and the yen.
Gold is little changed on the session.
In the earlier part of the session, coinciding with the London evening there were plenty of Brexit news items ahead of today meaningful vote. ICYMI the vote is expected in the 1900-2100GMT time window, though the UK parliament has not announced this as firm timing. I've collated all the Brexit info posted from late US time through the Asian morning if it helps (and linked above also):
- The latest numbers on who will and who won't vote with PM May on her Brexit deal
- NW on sterling over the Brexit vote on Tuesday
- Brexit vote - UK PM is planning a 2nd vote incorporating Merkel's concessions
- 'Most likely Brexit outcome ... appears to be a delay of a few months beyond March'
- Trading GBP on the UK parliament Brexit vote on Tuesday? Citi says "Good luck!"
- What time will the meaningful Brexit vote take place?
- PM May spokesperson: Will address party leaders later this evening.
- GBPUSD breaks to session highs. Above 100 day MA.
- Cable jumps on report that pro-Brexit conservatives will vote with May on Tues
- Theresa May said to consider a firm end-date to win over MPs
Still to come:
