Forex and Bitcoin news for Asia trading Monday 5 February 2018
- Weekend Yellen comments - US stocks, RE ... high but not too high
- The Super Bowl will soon be gone, but these notable option expiries are yet to come
- Bitcoin update - struggling along in Asia, just under 8000 USD
- ANZ on the CFTC data - Leveraged funds big sellers of USD ... but what of the NFP?
- China Caixin January PMI Services 54.7 (vs. expected 53.5)
- Barclays 'trade for the week' ahead is long EUR/CHF
- RBA meet this week - preview (read this at half time if you can stop the feeling)
- Japan finance minister Aso says will carefully consider any cryptocurrency securitisation
- PBOC sets USD/ CNY mid-point today at 6.3019 (vs. Friday at 6.2885)
- New Zealand Treasury's monthly update: Early indicators for Q4 are mixed
- Australia data - ANZ job ads for January +6.2% m/m (prior -2.7%)
- Japan Jan. Nikkei/Markit PMIs: Services 51.9 (prior 51.1) and Composite 52.8 (52.2 )
- Yen - UBS says the BOJ jawboning appears to be working
- Australia Jan. monthly inflation indicator: 0.3% m/m prior +0.1%) and 2.0% y/y (+2.3%)
- New Zealand - ANZ commodity price index for January: +0.7% m/m (prior -2.2%)
- Brexit - UK PM May categorically rules out customs union with EU
- 'Risk' wobbling in early Asia (equity futures, AUD both down)
- Clear your diary - BOJ Governor to appear in parliament today (from 0400 GMT)
- Super bowl kicks off soon ... and then the wait until Super Thursday! (preview)
- Australia - AiG Services PMI for January: 54.9 (prior 52.0)
- Trade ideas thread - Monday 5 February 2018
- Australia - CBA/Markit Jan Services PMI: 53.8 (prior 55.1) & Composite: 54.2 (55.5)
- AUD traders - RBA meet this week, first for the year - preview
- Friday's news, data still reverberating as early Asia kicks off - here's an ICYMI
- NZD - heads up for a big week
- Economic calendar due from Asia today
- German government formation coalition talks continue
- BoE deputy governor Woods warns on post-Brexit regulation
- Weekend Brexit news - Rudd says won't give up on getting a deal
- FX early indications as the week kicks off
Weekend:
- Bitcoin correction higher stalls. The bearish bias continues. What to watch in the new week.
- Yellen on CBS: Very hard to tell if certain markets are in bubble
- A 6.1 magnitude earthquake strikes off Taiwan. No damage reported
- Trading Education: In the game of trading, it makes sense to keep your trading vision as wide as possible
The USD gained a few more points pretty much across the board in really early NZ trade this morning. The lower EUR/USD was helped along by news coalition talks in Germany had not concluded despite the Sunday deadline and would continue on Monday. But, the move was short-lived and the 'gap' was soon covered.
EUR/USD is now on its session high above 1.2460 as I update.
There was the usual Brexit weekend news flow, with the news taking on more importance given the speculation on PM May's leadership position intensifying (again).Cable dropped early but it, too, has recovered.
Ditto for AUD, CAD, CHF and NZD against the US all are little changed on the session as I update after soft beginnings.
Bitcoin has had a busy weekend and is perched just above 8000 USD.
Sport was a focus, with the Super Bowl being played through the session. Congrats to the Eagles, defeating the Patriots 41 -33.
We got services PMIs out of Asia today, China, Japan, Australia gaining. There are more to come from Europe and US today.
