Forex and Bitcoin news for Asia trading Monday 15 October 2018
- Heads up for some German political news as Europe opens - watch for EUR wobbles
- Bank of America Merrill Lynch says the tide is turning for the AUD, forecasts 0.84
- Breakdown of UK / EU Brexit talks over the weekend - update
- New Zealand bank warn of a looming rate cut from the RBNZ
- World’s largest hedge fund expects more market turbulence as economy begins to cool
- PBOC sets USD/ CNY reference rate for Monday at 6.9154 (vs. Friday at 6.9120)
- ANZ on the AUD for the week ahead … no , wait, on the EUR/USD
- The Reserve Bank of Australia and its 'glass half full approach'
- Barclays halts work on cryptocurrency trading project - has been put 'on ice'
- Reuters October Tankan report
- UK data: Rightmove house price index for October +1.0% m/m (vs. +0.7% previously)
- Saudi Arabia says it has countermeasure against US sanction, including oil
- Weekend Kuroda comments - indicates BOJ easing to remain in place
- Weekend - PBOC Gov Yi Gang said will not use yuan devaluation in trade war
- NZ Data - services PMI for September 53.9 vs. 53.2 in August
- ECB weekend comments - Villeroy says wants to keep QE options open
- Weekend: US Treas Sec Mnuchin wants to deter currency manipulation in deals on trade
- Trade ideas thread - Monday 15 October 2018
- Welcome to the new week, stock market rout is likely over says JP Morgan
- ICYMI - Brexit talks have stalled, “unresolved issues relating to the backstop”
- Monday morning FX - 15 October 2018 - foreign exchange prices, early indications
- Saudi Arabia markets drop after Trump threatens "very powerful" measures
- David Davis calls for cabinet rebellion over Brexit plan
- How do you think about turning your forex trading failures into successes?
- Trump targeting China is no coincidence, and no passing fad
- Of all the Chinese statistics, this one is the most mind-blowing
GBP opened lower against the USD and cross currencies this morning in Asia with Sunday news that talks on the UK exit from the EU had hit a stumbling block and been halted. Further discussion are now said to be off the table until Wednesday's European meeting (UK PM May will be there). Cable dropped to circa 1.3080 and has since steadied a little, moving back aboc 1.3100 where it is now as I update.
Cable was marked lower as soon as NZ opened Monday
Other currencies had some opening moves also, the CHf found some strength (since retraced to be not much changed. USD/JPY has had a 25+ point range for the session, finding offers above 112.20 and bids under 112.00 keeping it in that range.
AUD and NZD are both a touch lower against the USD but without too much range. EUR/USD, ditto on a touch lower in a small range.
Gold has edged up a few dollars, oil is higher. US President Trump threatened sanctions on Saudi Arabia over the weekend, Saudi responded saying they'd cut oil production if so. We'll see how this pans out but there is more to come on it indeed.
Still to come:
- US September retail sales data due Monday 15 October 2018
- US data due Monday - heads up preview for September retail sales
- Forex options expiries today, Monday 15 October 2018
- Forex options expiring Tuesday and Wednesday this week
- Preview of New Zealand Q3 CPI
- The 3 big events coming up for the AUD this week from Australia
- The big market moving events coming up from Brussels this week
