Forex and Bitcoin news for Asia trading Tuesday 2 October 2018
- Toyota says hard Brexit would temporarily shut UK factory
- Here is the full UK Times piece on PM May agrees curbs on trade to break Brexit deadlock
- Goldman Sachs says Italy is risk of a series of credit rating downgrades
- More from the BOJ Tankan - inflation expectations slip a little
- Australia consumer sentiment for the week 118.1 from previous 117.2
- CBA / Markit Australia manufacturing PMI (September): 54.0 (prior 53.2)
- UK Chancellor Hammond says blockchain could solve the Irish border Brexit issue
- More on UK PM May prepared to limit trade deals, stay in customs union
- UK Times front page: May agrees curbs on trade to break Brexit deadlock
- Boris Johnson say he would delay Brexit by 6 months if he becomes PM
- NZD - NZIER QSBO for Q3: business confidence worst since March 2009
- Trade ideas thread - Tuesday 2 October 2018
Hong Kong reopened today after a long weekend holiday Monday. I hope it was a nice break 'cause today was a super ugly day on markets there. The HKD dropped, and the Hang Seng fell sharply indeed, its down more than 1.5% as I update (its been lower than that too). This despite a solid day for US equity markets and a lower HIBOR fixing (making funding a little looser). I guess we'll get some nice pretty stories why this happening (in hindsight) but right now its duck and cover time.
Meanwhile, in FXland here in Asia for the majors its been a snoozer with narrow ranges prevailing nearly across the board.
NZD/USD fell a few point early (NZIER QSBO showed business confidence falling in Q3, see bullets above for more). Its since recovered (the NZD, not business confidence) and is net little changed on the session. AUD/USD is up a few tics ahead of today's RBA announcement (due at 0430GMT) ... speaking of the RBA, here ya go:
- Another preview comment on the RBA today
- RBA meeting today - quick preview
- Preview of the RBA today and for the AUD - TD on 'trading the RBA'
- RBA meeting today - preview - expected on hold decision
- RBA October meeting today - what to expect
- A preview of the RBA meeting on Tuesday October 1 2018
- here is a quickie what to expect preview
- AUD/USD technical analysis chart ahead of the RBA today - support, resistance to eye
EUR, GBP, Yen, CHF, CAD all little changed.
Gold has added a few dollars on.
Still to come:
