Forex and Bitcoin news for Asia trading Friday 9 February 2018
- Asian equities may be battered but the currency market is having none of it
- Canadian jobs report for January due Friday - all the previews in one place
- Asian stockmarkets are not having a real good day ... I guess that makes sense :-D
- Canadian jobs report for January due Friday - previews
- PBOC says has added around 2 tln yuan in liquidity
- More from Fed's George - Bitcoin is speculative, not mainstream yet
- US shutdown news - next votes in House to occur around 3 to 6 a.m.
- Fed's George on what is making more rate hikes important
- CAD will benefit from a strong global economy ... but here's a big risk
- China CPI for January 1.5% y/y (expected 1.5%)
- PBOC sets USD/ CNY reference rate for today at 6.3194 (vs. yesterday at 6.2822)
- Investors withdraw a record amount from US based stock funds
- RBA SOMP: Higher AUD would dampen growth
- Australia December Home loans -2.3% m/m (vs. expected -1.0%)
- Good morning ... Tokyo Nikkei index down nearly 3% ... nope down more now
- Japan fin min Aso - started on-site inspections of Cryptocurrency exchanges
- When there is a Motegi comment, an Aso is never far behind
- Japan economy minister Motegi: Monitoring impact of financial markets on economy
- White House instructs government agencies to prepare for shutdown
- Huge (really HUGE) Chinese manufacturer invests millions in Cryptocurrency Bank
- Via Reuters : US Senate budget deal hits snag ... next step unclear
- China inflation data is due today - preview
- NAB on the RBA and AUD - more detail
- RBA quarterly Statement on Monetary Policy due today - previews all in one place
- RBA quarterly Statement on Monetary Policy due today - more preview
- Forexlive Americas FX news wrap: US major equity indices close below 100 day MAs
- ANZ says it is no longer expecting a rate hike from the RBA in 2018
- Trade ideas thread – Friday 9 February 2018
- RBA quarterly Statement on Monetary Policy due today - preview
- Australian data due today - December housing finance - previews
- Attention traders of the S&P, your up move was wrong and is being corrected (officially)
- S&P, Nasdaq and Dow all close below 100 day MAs. Dow down over 1,000 points.
- New Zealand - ANZ Truckometer for January: +4.1% m/m (vs. prior -4.2%)
Or maybe not. OK, a bit. Another slide in the US on Thursday provided a clue for traders in Asia today, with lower openings (natch) and then continued losses. I posted earlier on the ongoling rout if you'd like an idea of 'how much' ... but by the time you read this there will likely be more blood on the floor (but Justin has just posted this:Asian equities may be battered but the currency market is having none of it)
News and data flow was brisk today.
A surprise (sort of) was the US government heading for another shutdown. The continuing funding was thought to be a done deal but fiscal hawk Rand Paul chucked a spanner in the works. Funding dries up at midnight (Washington time) and the next vote is not expected until around 3am.
We got soft housing finance data from Australia today. It was somewhat overshadowed by the quarterly RBA Statement on Monetary Policy though. Governor Lowe had given a clue to the tone of the Statement in his speech overnight and thus there was little to surprise in it. More on both of these in the bullets above.
China inflation data was in line with expectations.
Federal Reserve Kansas Pres Esther George spoke today, nothing surprising from here - she is in favour of more rate hike from the Fed, maybe even at a faster pace (see bullets above).
USD/JPY has traded higher on the session after bottoming in early Tokyo under 108.60. Its testing back at 109 as I update. There was little of market moving substance out of Japan today. USD/CHF has also ticked higher, also not too large a move.
EUR, AUD, GBP, CAD, NZD ... all very little changed against the USD as I update after not large session ranges. AUD/USD tried towards 0.7900 a couple of times today but hasn't managed to trade there.
The PBOC devalued the onshore yuan at the reference rate setting today, the biggest slash to its value since January of last year (nearly a 400 point devaluation)
Still to come - a big Canadian economic data report due today,
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