ForexLive Asia FX news: Syria missile strike over the weekend

Author: Eamonn Sheridan | Category: News

Forex and Bitcoin news for Asia trading Monday 16 April 2018

The big weekend event was the missile strike on Syria from US, UK and French military.

The world had been waiting a week for a response and it finally came. The expectation, along with the 40+ hour delay before forex markets reopened for trade partially explained the limited response, with the risk sensitive AUD/JPY (I am using that here as a summary of the immediate response) trading up as early (very early) trade got underway. This a chart I posted much earlier in the session here:

Bitcoin found added gains also, again from an early post:

Fresh news on the session revolved, as it often does now, around politics; both from the US and Japan. In summary:

After an early move higher USD/JPY gave back some ground, fully retracing its Tokyo morning gains and cracking (just a wee bit though) to a new low compared to Friday US trade. It traded to a low of under 107.20 and is not far from there as I write.

EUR and CHF traded limited ranges only, while cable has net gained 30-odd points since late US trade on Friday.

AUD is a touch higher against the big dollar, as is NZD (not much of a gain for either). USD/CAD is up a few points.

Gold lost ground early in the session but has recovered, and a bit more, to be just shy of 1347.50 as of writing.

Other headlines of note:

Bank notes:

To come:

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