Forex news for Asia trading Monday 23 September 2019
- Moody's: Growing frequency of natural disasters is credit negative for Australian RMBS
- Travel company collapse may weigh on TRY, euro
- RBNZ monetary policy meeting this week - preview. Jumbo cut and wait.
- More crypto! Deliverable Bitcoin futures contracts begin trading
- David Rosenberg forecasts a US economic recession is less than 12 months away
- German media report that USD will be 50% backing for Facebook crypto Libra
- PBOC sets USD/ CNY reference rate for today at 7.0734 (Friday was at 7.0730)
- (not many) FX option expiries for Monday September 23 at the 10am NY cut
- Brexit - UK press (Sun) report Trump and Johnson have agreed to reach a trade deal by July 2020
- More from Goldman Sachs on yen - says its a stronger buy than gold
- ECB Knot to appear before parliament - questions expected on his dissent
- South Korea exports data for September so far, down 21.8% y/y
- Australian regulators say risk to financial stability from housing has "abated somewhat"
- Goldman Sachs says to buy yen (forecasts) - BOJ cannot stop its rise
- Australia preliminary PMIs: Manufacturing 49.4 (prior 50.9) & Services 52.5 (prior 49.1)
- RBNZ monetary policy meeting this week - 'shadow board' edging less dovish
- Weekend press reports that US-China trade talks to continue
- Here is what could send EUR/GBP to parity (spoiler ... a no deal Brexit)
- Oil - more on the Aramco repairs story (could take months, not weeks)
- We will hear from ECB President Draghi on Monday 23 September - speaking in parliament
- Weekend - Saudi Arabia floats change to Japan oil supply
- Trade ideas thread - Monday 23 September 2019
- Weekend - ex-PBOC head says unprecedented challenges due to trade war
- Happy Brexit news Monday - heads up for GBP traders, no court ruling expected today
- Oil - Aramco says repairs to Saudi plant could take many months rather than weeks
- Monday opening FX rates - foreign exchange prices, early indications
- The ultimate week ahead playbook
- Watch Warren Buffett's first ever television interview
- A risk management plan to follow
After Friday's reports that the Chinese trade talks delegation were heading home early we got news from both sides over the weekend that served to calm jitters. On China's side, Xinhua reported on 'constructive discussions' with the US; while from the US we heard of 'productive' discussions.
AUD/JPY up a touch on the session:
On another matter, but with a similar confounding effect, Aramco said repairs to the Saudi plant damaged the previous weekend would likely take months and not the weeks markets had been encouraged by.
So, 'risk' say some benefit with, for example, AUD up and yen down on the session here (albeit small moves only) while oil gapped higher at the wee week's opening of futures trade, albeit with a retrace move (not all the way) since.
Apart from the usual Brexit politics news over the weekend an item to take note of is there is no expected decision from the UK courts on Monday on the issue of PM Boris Johnson shutting down parliament. There will be an update around noon London time which may give a clearer indication of when a decision can be expected. Cable has inched its way to a very small session gain here.
USD/CAD is up smal net for the session, USD/CHF is barely changed. While gold has added a few dollars on to begin the week.
The PBOC left the onshore yuan mid rate barely changed. Japanese markets were on holiday again today.
