Forex and Bitcoin news for Asia trading Friday 23 November 2018
- More Brexit - Friday talks will continue, Sunday's the summit. And then what's coming …
- Oil prices are down in Asia, you'll never guess what CAD is doing (spoiler ... down also)
- China official says US wants to reach an agreement on trade (loads of comments from China today on the US and trade)
- PBOC sets USD/ CNY central rate at 6.9306 (vs. yesterday at 6.9391)
- CA on the AUD and what the US-China meeting means for it
- Video: Short term Brexit trades are a tough way to make money
- Australian flash PMIs for November (CBA / Markit): Manufacturing 54.5, Services 52.6
- Trade ideas thread - Friday 23 November 2018
- BoE's Saunders says rates likely to rise faster if Brexit goes smoothly
Reopening of oil trading after the Thanksgiving Holiday in the US (overnight session) saw oil prices drop quite hard. Brent hits its lowest since December of last year, supply glut concerns again cited as the driver for price. The Canadian dollar fell alongside oil. As I post oil is off its lows, as is CAD.
Elsewhere ... EUR is higher for the session, but, like other currencies, with a small range only. Cable has tracked pretty much sideways, awaiting Friday's Brexit developments when Europe and the UK get active. USD/JPY has tracked in a barely 10 point range.
AUD and NZD have done little also.
This is all unsurprising after a US holiday, on a Japanese holiday, and with a paucity of news and data flow. We await some action from Europe trading.
Still to come:
