Forex and Bitcoin news for Asia trading Tuesday 3 April 2018
The RBA April monetary policy decision is due at 0430 GMT, with no change to the cash rate the unanimous expectation - leaving attention focused on Governor Lowe's accompanying statement:
- Counting down to the RBA announcement - all the previews in one place
- AUD traders - heads up for the RBA announcement and statement today - previews
- AUD levels ahead of the RBA today
- AUD traders - RBA announcement due today - another preview
- AUD traders - RBA announcement due today - preview
We had a full suite of Asia FX centres back on line today after the Easter break closed various of them. Movement was limited, though, as was news and data flow.
- USD/CAD tests key support levels, what's next?
- More on the BOJ Tankan and what firms' inflation expectations mean for the BOJ
- Australia - Job ads (ANZ survey) for March: 0.0% m/m (prior -0.3% m/m)
- BOJ says: “Let’s think about cryptocurrencies!"
- South Korean finance ministry official hints on KRW intervention
- Australia - CBA / Markit manufacturing PMI for March: 54.3 (prior 55.6)
- Cryptocurrencies: SEC charges co-founders of Centra Tech with orchestrating fraudulent ICO
- ANZ on Leveraged and Real Money FX Positioning
- Australia - AiG manufacturing PMI for March: 63.1 (prior 57.5)
- Academics on Bitcoin bubble - market value should fall by more than 1/3rd before year-end
- More on US Pres. Trump reportedly wants a NAFTA overhaul deal within two weeks
- Trade ideas thread - Tuesday 3 April 2018
- US President Trump said to want a NAFTA deal (in principle) within 2 weeks
We got strong manufacturing PMI data from Australia - the AiG measure reached its highest ever on record, while the Markit/CBA measure lost a little of its lustre but still well into expansion. AUD/USD had an OK session, ticking a little higher after losing ground overnight - falling US equity markets impacting on risk sentiment and weighing on the Australian dollar.
EUR/USD has ticked back (to a smaller extent though). Cable, pretty much ditto, a few tics to the stronger only.
USD/JPY held a 20-odd point range without much net movement . NZD/USD is barely changed also. CAD has managed to tick higher vs. the USD - some positive noises on NAFTA late US time helped it a little. Gold slipped a little.
The KRW had a few 'intervention' type comments, nothing unexpected (see bullets above).
Still to come:
