Forex news for Asia trading Thursday 19 December 2019
BOJ:
- That was the final BOJ meeting for 2019. If you are keen for the next one - here is the 2020 schedule in full
- More from the BOJ - announce details of their ETF lending plan
- A quick look at the yen response to the BOJ statement. Is this thing even on?
- BOJ statement leaves monetary policy unchanged
- China's vice foreign minister says tensions with North Korea have risen somewhat
- The injection of 280bn yuan today by the PBOC was the biggest since January. Does it set up a rate cut tomorrow?
Impeachment news:
- More US politics - Pelosi may not immediately send articles of impeachment to the Senate
- US President Trump has been impeached also for obstructing Congress
- US President Trump has been impeached for abuse of power
Australian jobs report:
- AUD response to the jobs data beat - marked higher
- Australian employment report - what about the trend?
- Australia unemployment rate 5.2% (vs. 5.3% expected)
- Japan PM Abe adviser says BOJ must avoid too low interest rates
- Global Times says "US impeachment won’t change China’s trade stance"
- Updated AUD view - range ahead & risk lower
- Bank of England comments on 'audio feed misused'
- Forecasts for the Federal Reserve in 2020 - via UBS
- Trump eco adviser Kudlow says will monitor China compliance over 6 to 9 months
- Billionaire investor Stanley Druckenmiller - his economic and market outlook for 2020
- Report that UK PM Johnson plans to 'cut rates' for small business
- New Zealand trade deficit more than expected (overshadowed by the good GDP data)
- New Zealand Q3 GDP: 0.7% q/q (vs 0.5% expected)
- Front page of the FT Thursday: EU doubts on deadline to 'get Brexit done'
- Trade ideas thread - Thursday 19 December 2019
- Bitcoin storms back above $7000 as it erases this week's loss
- AUD/USD still stuck under the 200-day moving average
It was a day with a lot of news. US President Trump was impeached with both votes going against him. The next step in the process is the Senate to vote on his crimes and misdemeanours. They will vote along party lines and thus not convict the President. Trump is not going anywhere.
The impeachment vote went as expected, the market impact was barely noticeable.
The Australian employment report for November came in with some good headlines, unemployment fell (while participation remained steady) and the jobs added for the month was a big beat and bounce back from the loss the previous month. For more details see the bullets above. The Australian dollar was marked higher and after a bit of a retrace has edged back towards the high.
Earlier in the session we also got better data out of New Zealand, the Q3 GDP surprised to the topside (q/q). NZD/USD was marked higher, fully retraced the gain, and has edged up a little since then.
The Bank of Japan concluded their December two-day monetary policy meeting today with an announcement of steady unchanged monetary policy with some minor (less optimistic) tweaks to the outlook and view on risks ahead. USD/JPY had a small range only on the session, a 10 point or so pop and retrace prior the BOJ announcement and almost nothing since then.
EUR/USD is up 15 or so points from earlier in the session on no specific news. Cable is very little changed, as is USD/CAD
Still to come:
