Forex and Bitcoin news for Asia trading Tuesday 20 November 2018
- IMF says balance of risks to Australia’s economy are “tilted to the downside”
- PBOC head researcher says previous policy change has weighed on China's economy
- Blackrock says risk easing on strong USD and China deleveraging
- This is not forex. Want to watch a 52 minute film on North Korea?
- Recapping BOJ's Kuroda - rules out early end of negative rate policy
- Westpac on the RBA minutes earlier (still on hold through 2020)
- Commerz on the Italy & the euro - 'EUR weakness is coming to an end'
- North Korea wants Japan to withdraw support for US-led sanctions
- More from Kuroda: Chance of hitting inflation target in FY2020 is low
- PBOC adviser says China cannot go backwards on its market reforms
- BOJ Gov Kuroda: No need to ease policy even further
- PBOC sets USD/ CNY reference rate for today at 6.9280 (vs. yesterday at 6.9245)
- MXN - Mexico expects lifting of steel, aluminium tariffs once USMCA signed
- Analyst says yuan could weaken - citing interest rate moves
- RBA Nov meeting minutes: Next move in cash rate more likely to be up
- China’s former chief trade negotiator criticises Beijing’s ‘unwise’ tactics in trade war
- More on the UK govmts plan to assess the cost of Brexit vs cost of remaining
- Japan finance minister Aso - compiling second extra budget for FY 2018/19
- More on the yuan less likely to drop under 7 - commentary piece in China press
- ANZ on the what to expect from the Federal Reserve
- Brexit - Here we go with more on May's plan to scrap the Irish backstop (this is the invisible border story)
- Australia - weekly consumer sentiment 117.8, from prior week's 119.8
- The CME is to raise margins for Natural gas futures
- Trade ideas thread - Tuesday 20 November 2018
- UK govmt to compare costs of leaving EU with staying in (yes, now, seriously!)
A day of small ranges in forex, with AUD a big (relative) loser.
Stock markets suffered after a heavy US Monday, the Nissan scandal weighing further on Japanese stocks. In China its been a bad session, the Shanghai Composite is down 1.6% as I post.
USD/JPY ticked out a range of around 25 points, with little to catalyse the small moves. BOJ Gov Kuroda spoke again today but said nothing new or different.
Other currencies lost some ground against the USD net on the session, the Australian dollar down the most from its early 0.73 highs. We had RBA minutes out today (from the November meeting), nothing much new there either. Maybe it was the IMF story. I doubt it. Does anyone listen to that lot?
There were a few (weird) Brexit news items late NY/early Asia. Check out the bullets but the one about new technology and a new invisible border on the island or Ireland strained credulity.
Still to come:
- BoE Governor Carney speaking today, along with MPC's Haldane, Cuncliffe, Saunders
- NZD traders - heads up for the GDT dairy auction due today (Tuesday London time)
- FX option expiries on Tuesday 20 November 2018
- This is just for fun …. ForexLive preview of what to expect in Brexit developments Tuesday
- After Monday's US housing market data impact we get more on Tuesday
