Forex and Bitcoin news for Asia trading Tuesday 25 September 2018
- More China MofCom comments - hard to proceed as US puts gun to China's head
- Japan and the US will meet for trade talks on Tuesday
- China comments on trade issues - will offset though expanding domestic demand
- EU will set up a legal entity to facilitate transactions with Iran - continue trade
- Australian government finances on the improve - deficit comes in under estimates
- China press: China to set up local government debt monitoring system
- PBOC sets USD/ CNY central rate at 6.8440 (vs. Friday at 6.8357)
- Add this to the China companies 'missing bond payment' file
- Goldman Sachs on the yuan - devaluation will do more harm than good
- BP says any oil spike on lost Iran supply is likely to be unsustainable
- Bank of Japan July meeting minutes - headlines and full text
- Japan PPI Services for August 1.3% y/y (expected 1.1% y/y)
- Goldman Sachs GBP strategy - 'base case' is 70% probability of a Brexit deal (stronger GBP)
- Australia weekly consumer sentiment 117.2 (prior 118.0)
- Trump comments on North Korea - a bright future if it denuclearises
- NZ's proposed ban on new offshore oil and gas exploration permits - the cost
- RBNZ Governor Orr says challenge is to get inflation up, not down
- ICYMI - China accuses US of making false accusations on trade
- Morgan Stanley like GBP/USD, say is it is greatly undervalued
- Goldman Sachs on EUR, forecasts (and forecasts for GBP, AUD and more)
- Trade ideas thread - Tuesday 25 September 2018
There was a bit of USD strength nearly across the board here in Asia today. Overnight trade had seen USD/CHF testing 0.9650 and that broker here in Asia. there was not specific news her on the Chf there rarely is.
USD/JPY sellers (Japanese exporters) were tested ahead of 113.00, just above 112.95 holding for the day here and USD/JPY is off a few points from there.
USD strength was on display elsewhere also, EUR and GBP both a little lower along side CAD, AUD and NZD too.
On the news and data front it was a quiet session. We did get BOJ minutes, but not much in there that wasn't known or guessed at really.
China and Japan returned from a long weekend
Still to come:
- Yen traders - BOJ (Kuroda) speech coming up in early Europe time Tuesday
- Heads up for US President Trump to speak Tuesday morning
- Forex options - expiries for Tuesday 25 September 2018 NY cut
- Forex option expiries for later in the week
FOMC previews added:
RBNZ previews added:
