Forex and Bitcoin news for Asia trading Tuesday 27 February 2018
- Bitcoin trades above $10,000 but stalls at near-term resistance levels
- Little wonder the AUD is hanging in there - goat exports surge to a record
- Barclays outlines 3 key events to assess BOJ policy outlook
- Canada budget due Tuesday - what to expect
- IMF maintains January forecast of 3.9% global growth for 2018 and 2019
- Here is why to watch the US trade numbers today ... any rapid widening in the trade deficit would be viewed dimly
- Coming up during the US session Tuesday ... plenty on the agenda
- A couple of banks tipping USD/JPY goes to 105 - citing end of month flows, seasonality
- US Treasury Secretary Mnuchin: People not yet concerned about inflation
- New Zealand Fin Min Robertson: Strong NZD reflects strong economy
- PBOC sets USD/ CNY reference rate for today at 6.3146 (vs. yesterday at 6.3378)
- Heads up for large FX option expiries in coming days (EUR/USD, AUD/USD, USD/JPY)
- USD a little lower ... Monday all over again?
- Morgan Stanley on Japan CPI forecasts ... and the next policy change from the BOJ
- More on the cryptocurrency comments from DOJ's Rosenstein
- Japan Motegi expects consumer spending to continue to rise - monitoring CPI
- FX option expiries for Tuesday 27 February 2018 - 10am NY cut
- Here is a head’s up on what the early indications are for China PMIs coming up
- More on China press reports on potential PBOC rate rise
- Australia data - weekly consumer sentiment 117.9 (prior 115.3)
- China press reports on potential rate rise from the People's Bank of China
- NZDUSD dipping below the 50% midpoint after trade data
- An event-risk week ahead for USD/CAD. Also, support, resistance, technical analysis.
- Trade ideas thread - Tuesday 27 February 2018
- New Zealand January trade balance: -566m (prior 640m surplus)
- US DOJ's Rosenstein says targeting criminal uses of cryptocurrencies
- NZ data due soon - January trade balance expected to be ... in balance
- US stocks indices end with another 1% up day
- ForexLive Americas FX news wrap: Draghi upbeat on economy
Most currencies are little changed from late US time levels as I update. We did have a few round trips. For example, USD/JPY popped to around 107.10, back as low as around 106.80 and as I update its had nearly antoher lap of that range before being pretty much net unchanged.
Other currencies are similar - AUR, GBP, CHF all little net changed. CAD, AUD and, most notably, NZD are all down vs. the USD.
The NZD weakness kicked off early in the session with a surprise trade deficit (data in bullets above). We then, a little later, had comments from New Zealand Finance Minister Grant Robertson, not being unhappy with a strong NZD ... but it fell a little more nonetheless.
Elsewhere, news and data flow was nearly non existent.
The PBOC set the mid rate (for USD/CNY) at its biggest jump (for the onshore yuan) in a month.
Still to come
- Canada budget due Tuesday - what to expect
- Here is why to watch the US trade numbers today ... any rapid widening in the trade deficit would be viewed dimly
- Coming up during the US session Tuesday ... plenty on the agenda
- FX option expiries for Tuesday 27 February 2018 - 10am NY cut
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