Forex and Bitcoin news for Asia trading Monday 19 November 2018
Weekend Brexit news
- More Brexit - business is 'fed up', morale hits lowest since 2009
- Best Brexit headline? 'Hotel California Brexit'
- At the risk of a stampede ... No Deal Brexit could see Mars Bars run out in just 2 weeks
- Brexit - UK Sun report number of letters not supporting May is at 42
- UK PM May with more Brexit speak on Monday - sneak preview!
- Weekend Brexit news - EU's Barnier proposes transition to December 2022
- Brexit - "Theresa May has a plan to tank the market to save herself"
- UK PM May weekend interview, continuing Brexit process despite leadership backstabbers
- BOJ Gov Kuroda: Mindful of effect of policy on banks in Japan
- Italy’s Deputy Premier says the country will stay with its reforms planned in 2019 Budget
- ECB's Villeroy says ECB could consider new TLTROS if needed
- AUD and NZD levels eye into Europe/UK trade
- APEC happenings … Japan chief cabinet secretary Suga says watching US China ties closely
- Morgan Stanley on the Fed: Bar for changing course high, but sense a subtle shift in tone
- EUR/GBP to range 0.865-0.88 if May remains in charge says analyst
- PBOC sets USD/ CNY mid-point today at 6.9245 (vs. yesterday at 6.9377)
- China Commerce Ministry launches anti-dumping investigation against Australia
- Japan Trade balance (October): Y -449.3bn (expected Y -70.0bn)
- Weekend SNB comments - Maechler says policy is appropriate
- Trade ideas thread - Monday 19 November 2018
- NZ PPIs for Q3. Output +1.5% q/q (prior +0.9%), Input +1.4% q/q (prior +1.0%)
- NZ services PMI for October: 55.4 (prior 53.9)
- Weekend - APEC summit ends without a joint statement (1st time in … ever)
- Monday opening FX rates - foreign exchange prices, early indications, 19 November 2018
Weekend Brexit and APEC were the focus here in early Asia.
The APEC summit was expected to show better relations between China and the US ahead of the G20 summit coming up at the end of this month. But this did not eventuate, disagreement on trade issues between the two played out in an APEC summit that could not issue a signed joint statement, for the first time ever.
The Australian and New Zealand dollars began trade early here off 20-30 points in response. Overnight US stocks opened the week lower. A bit of risk off, just a little to kick us off for the new week.
GBP did not do a lot, there were plenty of Brexit related headlines over the weekend (there always are!) but little GBP response today here.
Otherwise news and data flow was light and relatively non-impactful.
EUR/USD is dribbling a little lower as I post after a small range session. Small ranges also for USD/CHF, USD/JPY, USD/CAD. Gold is just a touch softer.
Still to come:
