Forex and Bitcoin news for Asia trading Tuesday 29 May 2018
- Canada said likely to buy full Trans Mountain pipeline project
- World's largest buyer of gas, Asia's 3rd largest buyer of coal … investing into batteries
- PBOC sets USD/ CNY mid-point today at 6.4021 (vs. yesterday at 6.3962)
- Japan data: April unemployment rate 2.5%, in line with median expectations
- Australia - ANZ Roy Morgan weekly consumer sentiment: 117.7 (from prior 121.6)
- EU officials believe UK will keep paying billions to Brussels for years after Brexit
- Sth Korean press report the US is demanding North Korea 'ship out' nukes
- China's press reports the country may face a liquidity shortage in June and July
- UK press: EU to block British companies from new €500m defence fund after Brexit
- Trade ideas thread - Tuesday 29 May 2018
USD/JPY led the way lower in the Tokyo morning , with lower yields on USTs as they opened from trades weighing. Other currencies, too, showed a small gain against the USD as this was happening ... but for these, at least, the strength was not to last.
USD/JPY continued its way lower, cracking 109.20 before dropping (briefly) under the figure and then settling around there for the balance of the session (as I post),
EUR/USD had a very small range after its overnight slide and has traded circa 1.1620/30 for much of the day here. USD/CHF has lost a few tics only, while cable has net gained a few overall for the session and is making a new high for the day as I update.
AUD and NZD .... wow .... both lost pips against the USD and lost big time against the yen. There was nothing too impactful on the news frnt to account for marked weakness (apart from what is already in the market). Weekly consumer sentiment (Australia) fell but this rarely a market mover.
USD/CAD had a wiggle (there was some oil pipeline news - see bullets above) and net its little altered on the day.
UK markets open for the week soon (Monday was a holiday) and ditto for US markets later. Bring it!
Still to come:
- FX option expiries for the 10am NY cut Tuesday 29 May 2018
- NZD traders - preview of the RBNZ Financial Stability Report coming up
- AUD traders - Australian data due tomorrow - preview of building approvals for April
- Heads up for large forex option expiries later this week
- Heads up for China PMIs due this week - preview
