ForexLive Asia FX news wrap: Asian FX sideways session
Forex news for Asia trading for Tuesday 26 January 2021
- Japan's government is considering an extension of the coronavirus state of emergency
- Tuesday developments in the US Senate a positive for stimulus hopes
- The Fed FOMC meeting is this week - preview (spoiler , on hold)
- More on the encouraging coronavirus vaccine rollout in Israel
- New Zealand will sign an upgraded free trade agreement with China today
- JP Morgan on what could "generate a severe liquidity shock to Bitcoin markets"
- PBOC sets USD/ CNY reference rate for today at 6.4847 (vs. yesterday at 6.4819)
- FX option expiries for Tuesday January 26 at the 10am NY cut
- Pfizer vaccine gets encouraging feedback from a leading Israeli healthcare provider
- Here's a readout of what Biden and Merkel discussed on a Tuesday phone call
- BOJ Governor Kuroda will speak Tuesday from 0610GMT
- The Bank of Japan December minutes contained a comment on the yen level
- BOJ December policy meeting minutes released
- Pro-tip: Spend less time dissing other traders
- A PBOC adviser has proposed lowering the GDP target permanently
- South Korea Q4 GDP was +1.1% q/q, beating the median estimate of +0.9%
- Biden will announce oil and gas drilling bans for Federal land on Wednesday
- US Senate has voted to confirm Janet Yellen as the new Treasury Secretary
- US State dept says ramping up efforts to compete with China
- Moderna says expect the durability of vaccine protection is a year or longer
- Trade ideas thread - Tuesday 26 January 2021
- AstraZeneca refutes reports suggesting its COVID-19 vaccine efficacy could be as low as 8% in people aged over 65
- New Zealand services PMI for December: 49.2 (prior 46.7)
- Biden says should be able to vaccinate 1m people a day in about 3 weeks
Ranges in Asia for the major forex pairs were tiny with very little fresh news or data, and that we got being non-impactful.
AUD and NZD have fared the worst in those small ranges. Gold gained around $5 net.
Political developments in the US favoured the Biden stimulus edging closer, but of course there is still a long path of negotiations to come and a smaller than the proposed amount just under $2tln package seems very likely.