Forex and Bitcoin news for Asia trading Thursday 6 September 2018
- A 3rd Australian bank raises its mortgage rate
- Another Australian bank raises mortgage interest rates
- Uh-oh … 'Europe’s Looking Like Another Emerging Market'
- 'EUR/USD trading with little directional conviction (stuck in the 1.15 / 1.17 range)'
- South and North Korea announce a summit meeting - September 18 - 20
- BOJ's Kataoka: July's policy move could make BOJ's long-term yield target obsolete
- Australia trade balance (July): AUD 1551m surplus (vs. surplus expected 1450m AUD)
- PBOC sets USD / CNY reference rate for today at 6.8217
- BOJ increases amount of JGBs purchased at today's operation
- North Korea's Kim expressed firm will for denuclearisation
- Reuters polling GBP expectations - float up, but no deal Brexit sees it sink
- Not just Goldman Sachs concerned on equites - Citi’s panic/euphoria model too
- US equities: Goldman Sachs says "Our Bull/Bear market indicator is flashing red"
- Is the NYT anonymous op-ed the signal for the next round of tariffs on China?
- Fed's Bostic says US economy at full employment and 2% inflation
- Canada US Nafta trade talks to continue into tonight says Freeland
- On the AUD: "RBA on hold, external factors … the main driver"
- JP Morgan on Brexit 'tail risk' … worse before better
- Another earthquake in Japan - Iburi area
- Private data show slightly smaller-than-expected crude stock draw for the week
- Trade ideas thread - Thursday 6 September 2018
Some wiggles in the forex today, with a weaker USD to kick off the morning in Asia. EUR, AUD, NZD, yen, CHF all higher against the big dollar.
The higher yen was attributed, by some, to the big earthquake reported (during US hours) but as for the broader USD weakness a causation was not so clear. There was little in the way of news nor data to shove it around.
As the session progressed the USD recovered its poise, EUR, yen, GBP and CHF all giving back some ground. AUD and NZD fell a little harder - there was some news hitting of more 'out of cycle' mortgage rate hikes from Australian banks weighing on the AUD.
Overall though ranges on the session here were, as usual, not too large.
Gold is net higher on the session, by a little. USD/CAD is small changed only; Nafta talks between the US and Canada continue on Thursday. Lots of talk of deals and progress, but I ain't feelin' it just yet.
Still to come:
