Forex and Bitcoin news for Asia trading Thursday 14 June 2018
- Australia jobs report - responses coming in
- US Pompeo: Deal with North Korea made clear there would be complete denuclearisation
- "Elon Musk buys 72,500 of Tesla shares" - here's an explanation that might surprise
- China May: Industrial prod: 6.8% y/y (exp 7%), retail sales 8.5% y/y (exp 9.6%) + more
- Australia - Jobs report for May, Employment Change: +12.0K (expected 19.0K)
- PBOC sets USD/ CNY reference rate for today at 6.3962 (vs. yesterday at 6.4156)
- BOJ cuts JGB buys in 3-5 years
- CNN reports US is expected to formally suspend August military drills with South Korea
- Australia consumer inflation expectations for June: 4.2% (prior 3.6%)
- Japan press: PM Abe may go to Pyongyang in August for summit with Kim
- US media reporting on White House staff planning resigning
- UK data - RICS house price balance data for May: -3% (vs. expected at -5%)
- FOMC June decision & presser: "confident … solid …upward"
- Trump says if Putin was at G7 he could ask him direct questions
- How many more FOMC rate hikes in 2018? Dealers say expect another 2
- Trump to decide Thursday whether to proceed with tariffs on Chinese goods
- Trade ideas thread - Thursday 14 June 2018
Following the FOMC decision overnight (and associated presser etc.) forex movement in Asia today was quite restrained. There were a few minor wiggles on news tidbits and data but nothing much.
USD/JPY dropped a few points in very early trade (pre-Tokyo open), to circa 110.10 before recovering to above 110.30 and back under 110.20 as I update. Not much, I know, but it was the mover on the day!
The Australian dollar lost a bit of ground after an early in the session move to circa 0.7580. A less than stellar employment report and a set of data from China that also underwhelmed weighed on the AUD battler, taking it under 0.7560 as I update.
On the Australian jobs report - one of the headlines you will likely see is that the unemployment rate has fallen to a six-month low (5.4%). True enough, and a welcome number indeed, but the details of the report were not impressive. Still, maybe offshore can take heart from that headline. We'll see.
EUR, CHF, GBP, NZD, CAD ... all are showing little change against the USD.
Its the ECB meeting today and US retails sales data later. Join me tomorrow for the BOJ!
Still to come:
