Forex and Bitcoin news for Asia trading Friday 15 June 2018
- BOJ announcement: No change in monetary policy
- PBOC injects extra funding into market - through PSL
- Reuters: All China may new home prices +0.7% m/m (vs. April +0.5%)
- PBOC sets USD/ CNY central rate at 6.4306 (vs. yesterday at 6.3962)
- Huge Australian fund manager says next RBA rate move "may be down rather than up"
- 'China trade tariff retaliation' headline crossing
- Bank of Canada Wilkins says US tariffs are not good news
- Morgan Stanley went short USDRUB at the NY close
- EUR traders - heads up for German political risk … or should that be Merkel at risk?
- WSJ reports Trump's tariffs on China to be similar to the preliminary list
- New Zealand manufacturing PMI for May: 54.5 (prior 58.9)
- CAD traders note overnight news: Italy will not ratify EU free trade agreement with Canada
- Trade ideas thread for TGIF 15 June 2018
After the huge moves in EUR overnight Asia was pretty much sideways with little direction.. We did get minor follow through for AUD/USD, it dropped under its overnight low and down under (geddit?) 0.7460. A limited move indeed.
EUR, CHF, GBP - all consolidated their overnight weakness against the USD rather than carrying it on much at all.
NZD and CAD, along with AUD, were just a touch weaker on the session. Overall.
News and data flow was barely existent, minor only.
We did the BOJ June decision, with a 'no change' policy, but an inflation view downgrade from the Bank. USD/JPY managed a mino 10+ point move higher to above 110.70.
In all, a slow wind down to the week here in Asia.
Still to come:
