Forex and Bitcoin news for Asia trading Monday 21 May 2018
- Weekend Brexit comments from Boris Johnson
- National Australia Bank postpones its call for an RBA rate hike
- Japan April Trade Balance - recaps
- PBOC sets USD/ CNY reference rate for today at 6.3852 (vs. yesterday at 6.3763)
- NZD: New Zealand Q1 retail sales data big miss - responses
- Japan - April Trade Balance Y 626bn (expected Y440bn)
- Goldman Sachs says the US fiscal outlook is "not good"
- New Zealand data: Q1 retail sales +0.1% q/q
- Trade ideas thread - Monday 21 May 2018
- W/e: Mnuchin says Trump could tolerate NAFTA vote slipping into 2019
- More on US China trade talks (tariffs, trade war 'on hold')
- W/e comments from US Treas Sec Mnuchin - says putting US trade war with China “on hold”
Weekend breaking news crove early pricing in financial markets, with 'risk' popping up a little (only a little) on statements from US Treasury Secretary Steve Mnuchin saying tariff and trade war plans against China were on hold after trade talks between the two countries.
There was very, very little in the way of specifics, markets traded just a little higher on the glimmer of hope offered. Ranges and follow through moves have been limited though.
Yen crosses were an opening beneficiary, USD/JPY up toward 110.90 and now through 111.00 as I update.
AUD opened better, and AUD/USD has registered highs just above 0.7530 on the session.
NZD/USD too, a better opening, but poor retails sales data from NZ have subsequently weighed, pushing NZD/USD down from around 0.6930 highs to under 0.6895 as I post.
EUR, CHF and GBP have all lost a few points on the session against the USD. We are going into a holiday-impacted session in Europe and North America - beware of thin liquidity moves perhaps on the horizon for Monday.
Still to come:
