ForexLive Asia FX news wrap: Asia awaits the US NFP data

Author: Eamonn Sheridan | Category: News

Forex and Bitcoin news for Asia trading Thursday 6 December 2018

It is typical for pre-nonfarm payroll sessions in Asia to be a subdued affair and today was no different. If you've scanned through your charts you'll have noted the narrow ranges nearly across the board.

Unless you stumbled across Bitcoin, which fell hard again during the session. Its difficult to argue much of a reason to buy it, although the pushers and the faithful do dredge up old support lines. They have been consistently disappointed from 20K so far.  

News and data flow was non-impactful. We had comments from central bankers (from the Fed's Powell and Williams, and the BOJ's Kuroda) to little effect. We had Japanese data, ditto.

For currencies, it was small ranges and minor wiggles only. USD/JPY has edged a little to the better, as has USD/CAD, AUD/USD and NZD/USD. Cable down a a dribble, EUR/USD is pretty much unchanged.

But, as I said, there has been little to drive moves and we await the economic data from the US on Friday morning (previews are below linked)

Still to come:

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