Forex and Bitcoin news for Asia trading Tuesday 17 April 2018
- CBA says USD/JPY on its way to 104-105. here's whay.
- ICYMI: CIA Director Pompeo met with North Korean leader Kim Jong Un over Easter
- Goldman Sachs on the strong resistance ahead for USD/JPY (Elliot Wave chart)
- US President Trump saying now he does not like the TPP deal for the US
- South Korean press report "Blue House" considering peace treaty with North
- People’s Bank of China sets yuan reference rate at 6.2817 (vs. yesterday at 6.2771)
- US Commerce Dept - preliminary finding that aluminium imports from China subsidized
- Reuters UK Poll: BOA to raise rates by 25 basis points in May
- USDJPY moves up to test hourly MAs
- Australia's Westpac leading index for March -0.22% vs. 0.43% gain last month
- Reuters Poll: Economist expect trade dispute with China to harm US economy
- Washington Post: US Secretary of State nominee Pompeo met with Kim
- Japan March Trade Balance 797.3B yen vs 499.2B yen
- Trump now says..."Let's leave it a little bit short of the highest level"
- Trump says he has been speaking directly with North Korea's Kim
- The NZDUSD sitting on the trading fence technically
- Trade ideas thread - Wednesday, 18 April 2018
- Fed's Bostic: Businesses are confused by the direction of US trade policy
Its mainly just the headlines today folks - I was late to start (Greg covered most of the hours I was absent). One notable move was a weaker yen (against the dollar and crosses); USD/JPY traded to a fresh high (compared to the overnight high) along with a higher Nikkei. Easing tensions on the Korean Peninsula seemed to weigh on the yen, while trade tension talk (US Commerce Dept on China and President Trump on the TPP) didn't have too much effect.
GBP, EUR, CHF, AUD, CAD .... all had small ranges only against the US dollar.
NZD/USD is a little heavier, as is gold.
PLENTY! still to come:
