Forex and Bitcoin news for Asia trading Thursday 22 November 2018
- Responses to the new Canadian tax breaks announced earlier
- Stan Druckenmiller says the Fed should wait and "see what happens"
- Kiwi the turkey today
- Brexit - where we are at and where its going
- ANZ see RBA on hold right through 2019, rate hike in August 2020
- Both the US and China have conciliatory moves ahead of the Trump - Xi meeting
- PBOC sets USD/ CNY mid-point today at 6.9391 (vs. yesterday at 6.9449)
- Recap - UK Chancellor of the Exchequer Hammond's comments on value of Brexit deal
- Singapore Q3 economic growth comes in slower than expected
- Here is someone else calling Bitcoin back to $20K (quick video)
- Japan inflation data, National CPI for October 1.4% y/y (expected 1.4%)
- Brexit - UK PM May spoke with Spain on Gibraltar
- Japan press - Govmt to spend >2tln yen to mitigate next years sales tax hike impact
- German finance ministry monthly report - sees less strong growth ahead
- Goldman Sachs on 4 factors behind market speculation of early BOJ policy change
- Barclays on the Fed (not dovish) and the USD (won't weaken much)
- ICYMI: European Union warned that the weekend's planned Brexit summit may not go ahead
- Trade ideas thread - Thursday 22 November 2018
The early Thanksgiving turkey award goes to the NZD today (lookin' at you too, AUD).
EUR, yen, CHF, even GBP for goodness sake, managed to eke out small gains against the big dollar. Ranges, of course, were very small ahead of the US holiday (and the Japan holiday Friday). There was very little fresh news apart from Japanese inflation data. This was nationwide CPI for October, and it showed the BOJ's preferred measure languishing under half a percent y/y, well short of the 2% target still.
For the kiwi there was little news, some migration data early in the session. It showed the lowest net flow of migrants into the country in 3 years. I doubt that had too much impact but there was little else to nudge the NZD. AUD/USD is down a touch on the session also.
In case you have somehow missed it, its a US holiday Thursday with markets closed for Thanksgiving. Its a Japanese holiday on Friday.
Still to come:
