Forex and Bitcoin news for Asia trading Wednesday 25 April 2018
- US 10 year yields on the rise in Asia >3% again
- EUR/USD technical analysis - bearish bias after it has eroded uptrend
- More on Jeff Gundlach's Federal Reserve comments earlier
- Mexico's upper house has ratified the TPP-11 (which excludes the US)
- Heads up for GBP/JPY - Shire says willing to recommend revised Takeda proposal
- Here is the "MPC hawk-o-meter spectrum" for the Bank of England
- More forecasts for RBA policy - "will keep rates at 1.5% until late 2019"
- No RBA rate "any time soon whatsoever"
- “Okay, I’ll say it: Bitcoin is a scam.”
- Oil - private data shows surprise build in US crude inventory
The yield on 10yr US Treasury bonds rose above 3%, briefly, in Asia today, giving a small boost to the USD. EUR/USD had managed to trade as high as just under 1.2240 but fell back toward 1.2220 for a small sort of range for the session.
USD/JPY managed from circa 108.70 in late US trade (it had been lower during the afternoon) to trade briefly above 109. GBP/USD traded a touch stronger early (not quite to 1.4) before it has come back to be little changed on the session now. The potential for Shire/Takeda deal appears to be inching closer (see bullets above).
AUD and NZD were weaker against the big dollar on the session. Both countries had a national holiday (ANZAC Day) today, albeit in small ranges. AUD/USD traded under 0.7585 while NZD has managed to hold above 0.7100 so far at least. Neither has shown too much of a bounce as I update.
There was no economic data out during the session, and news flow was non-impactful..
Still to come:
