Forex and Bitcoin news for Asia trading Wednesday 20 June 2018
- Big guns on the agenda at the ECB forum today: Powell, Draghi, Kuroda, Lowe
- Video - Goldman Sachs interview with Paul Tudor Jones
- (Re) CapEco on the RBA minutes - another case of miscommunication
- Re-cap on the yuan devaluation (or should that be a pre-cap?)
- PBOC sets USD/ CNY mid-point today at 6.4586 (vs. yesterday at 6.4235)
- Yonhap report on 35bn won in Crypto currency stolen from Bithumb
- RBC on the policy easing by the PBoC & what it means for the RBA and AUD
- Australia - Westpac leading index (May): -0.22% m/m (prior +0.19%)
- BOJ April meeting minutes
- You ready to BTFD? Signs of a Trump back down on trade, child separation policy?
- Japan data - Reuters Tankan for June: Manufacturing +26 vs. +22 prior
- NZ data: Q1 current account surplus a small beat …. but there's a but
- China press: No basis for continuous China stock market plunge
- KCNA: North Korea, China had understanding on denuclearisation of Korean peninsula
- New Zealand Q2 consumer confidence survey: 108.6 (prior 111.2)
- Trade ideas thread - Wednesday 20 June 2018
- White House officials announce deputy chief of staff Hagin is resigning
- Private oil inventory data shows bigger than expected draw in crude oil inventories
There was just a little movement for forex here in Asia so far today with small ranges. News flow and data was quite limited also: another White House resignation, New Zealand data, BOJ minutes (dated), and a sharpish onshore yuan devaluation at the reference rate setting from the PBOC.
USD/JPY had a bit of movement, up from lows around 109.90 to back above 110.10, and AUD/USD from sub 0.7375 lows to above 0.7400 (which meant a pop for AUD/JPY coming after the yuan devaluation).
NZD fared better also, despite some disappointment on the data earlier - the GDP data is due tomorrow - stay tuned for that.
USD/CAD, USD/CHF, cable and EUR/USD are all little changed.
Still to come:
