Forex and Bitcoin news for Asia trading Wednesday 6 June 2018
AUD a mover on GDP:
- Australia Q1 GDP data a beat - more responses
- More responses to Australian GDP data coming in
- Australia Q1 GDP data a beat - responses (and some the 'yeah ... but' takes)
- Australia Q1 GDP +1.0% q/q (expected 0.9%)
PBOC:
- PBOC conducts MLF: 463bn yuan, one year, 3.3%
- PBOC sets USD/ CNY reference rate for today at 6.4040 (vs. yesterday at 6.4157)
- China press reports the PBOC may cut RRR, raise MLF, Reverse repo yield
New Zealand: :
- New Zealand data: ANZ Commodity Price index for May: +1.5% m/m (prior +1.0%)
- NZ construction data for Q1 2018: -0.9% q/q (expected +0.5%)
- NZ data - ANZ job ads survey (for May) +2.2% m/m (prior -2.0%)
RBA:
- More RBA responses - and also what to do on AUD on the GDP data
- Response to the RBA: "Dovish tweaks in the June RBA statement"
More:
- Japan data - Real wages unchanged y/y
- ICYMI - ECB meeting in June (14th) will be "live"
- China offer to buy near $70bn of US products if Trump abandons threatened tariffs
- Russia's Nabiullina says rouble has become less dependent on oil markets
- Trade ideas thread - let's have 'em! Wednesday 6 June 2018
- OIL - private inventory data shows larger than expected draw in US crude inventory
The Canadian and Australian dollars were both small gainers today with news for both.
For Canada, the move was a little earlier in the session:
This lent a bid to the CAD for a net gain on the day, although t didn't extend much beyond a 40-off point drop for USD/CAD. As always we await further trade war developments.
AUD popped on the release of a beat for GDP data. Expectations for Q1 GDP had already been raised, so the beat was impressive ... which means the 30+ point pop for AUD/USD was, well, not very impressive. I suspect there is a little more room for it higher but so far have been left waiting ....
Elsewhere it was a sedate news, data and forex movement session: EUR, CHF, GBP, NZD .... all have had a wiggle or so but small ranges only. USD/JPY, pretty much ditto - it remains capped ahead of 110 but it does appear to be setting up for an assault on the big figure.
Still to come:
