Forex and Bitcoin news for Asia trading Monday 26 November 2018
- GM to close a Canada factory
- RBA's Kent says demand for home loans has fallen, supply tightened
- Westpac notes AUD/USD fair value edging lower
- PBOC sets USD/ CNY reference rate for today at 6.9453 (vs. Friday at 6.9306)
- CA looking for USD to turn lower in coming months
- Japan PMI Manufacturing flash (Nov.) 51.8 (prior 52.9)
- US UN Ambassador Haley - Emergency Security Council meeting called for Monday
- Brexit - it looks like a TV debate between May and Corbyn is on the cards. Yippee.
- Korea press reports Nth Korea does not respond to US request for talks
- China press reports the PBOC may have conducted repos with some banks
- JP Morgan EUR/USD forecasts, looking for a base in H2 2019
- Brexit: UK PM May to warn MPs - back the deal or there'll be more uncertainty & division
- Ukraine asks Russia to release seized vessels
- Trade ideas thread - Monday 26 November 2018
- NZ data: Q3 retail sales 0.0% q/q (expected +1.0%)
- Ukraine Defence Sec. says Russia's moves 'act of war'
- Ukraine / Russia developments - Kerch Strait blockaded by Russian Navy
- US shuts its border with Mexico (San Diego / Tijuana)
- French President Macron lays down the law on a Brexit trade deal for the UK
- Monday morning opening FX levels - indicative prices
Weekend:
- Salvini cracks open the door to solution in budget spat with EU
- Bitcoin falls below $3500 in weekend crypto rout
- Meaningful Brexit vote may take place Dec 10 or Dec 11
- Boris Johnson calls says UK should hold back Brexit divorce payment
- UK says no presumption post-Brexit deal should apply to Gibraltar
- Brexit: Tusk says he will recommend approving deal on Sunday
Brexit and Ukraine news dominated early hours.Europe approved a Brexit deal GBP took (very) minor comfort from this. There is still a ways to go, not the least is taking the agreement to the UK parliament for debate in coming weeks and reaching an agreement for an Eu UK trade arrangement. Much still to do. GBP drifted a few point lower as the Asian morning progressed and then settled around the middle of its very small range.
There was tension in Ukraine; russia detained there vessels and the crew, injuring 6 Ukraine service members. More in the bullets. There was little forex impact as the news developed.
USD/JPY was a mover (and yen crosses), after a quiet beginning they gained above 113.00 to over 113.20. News flow was light, while data from Japan was only a flash PMI reading (on the weak side).
AUD/USD has gained a little on the session also. This was despite industrial commodity prices in China today extending their decline from last week. NZD/USD dropped points early after release of disappointing retails sales data, a big miss. From above 0.6750 though it found a bid, gradually retracing all of its drop and adding a few points net for the session.
Bitcoin slid further over the weekend (see bullets above) but found a bid back to circa 4K USD for much of the session. The wild ride continues.Oil prices are little net changed on the session, as is gold.
Bank of Japan Governor Kuroda spoke from an appearance in the Japanese parliament. . He urged India to speed up reforms. Yes, India. No, I don't know what that is all about.
Still to come:
