Forex and Bitcoin news for Asia trading Thursday 26 April 2018
- Maersk CEO says the global economy is in a 'decent place'
- Weaker CHF could see SNB talk about reversing negative interest rates
- More on - Japan PM Abe denied he was thinking of calling a snap general election
- Heads up for an interview with US President Trump on Thursday
- Australia Q1 terms of trade: Import prices +2.1% q/q (expected +1.2%) & Exports +4.9% (exp +4.1%)
- Fitch: Japan A rating affirmed, outlook stable
- French President Macron says Trump does not want to stay in Iran nuclear deal
- Canada's Freeland: Making good progress on autos - NAFTA talks continue tomorrow
- UK press reports Theresa May to issue 50-page dossier of Brexit trade demands
- BoC Poloz says there is no magic number or value to the CAD
- Trade ideas thread - Thursday 26 April 2018
- Moody's affirms USA at AAA with a stable outlook
In late NY time the USD continued to add points, EUR/USD fell a little furhter and USD/JPY popped above 109.40. By 5pm NY time, though the move had halted and after a bit of nothing sideways the USD gave back a few points.
This persisted in the Asia morning, but of course ranges were very small indeed and the moves lacked any impetus. Still, as the session porgressed EUR/USD has managed to gain 20-odd points whole USD/JPY is back towards 109.30 (did i mention ranges were msall?).
There was not much fresh news - we got comments from Bank of Canada Gov Poloz in late Canada day (plenty, see bullets above) but without much CAD lasting impact (USD/CAD is a few pips net lower on the session here). Other news, Japan PM Abe said he won't be calling an early election (he's a politician though .... so maybe he will).
AUD traded up a few pips, Australian Q1 terms of trade improved, which has not not done it any harm but really didn't see much help for the currency either.
NZD is little changed. Cable managed to gain a few points - there was news here on Brexit demands to presented to Europe. Good luck with that.
Now, over the Europe where there is plenty ... Still to come:
- ECB preview: Investors will want to hear Draghi's take on the macro picture
- ECB preview: Increasingly, it is becoming evident that Euro Area growth is past its peak
And, coming up on Friday in Asia:
And, speaking of the BOJ meeting, I should preface this with "Things that make you go Hmmmmm": Japan govt minister: BOJ should drop 2% inflation target, should not ease further
