Forex news for Asia trading Wednesday 20 December 2017
- Japan - All Industry Activity Index for October: +0.3% m/m (vs. expected +0.3%)
- Bitcoin news - Coinbase says buys and sells will be available tomorrow
- Bank of Japan's record Q3 JGB holdings cast doubt on unwinding QE
- Goldman Sachs: Oil inventory overhang decline may prompt OPEC cut exit sooner
- PBOC survey shows banks seeing less tight monetary policy
- Reuters survey: Asia firms' sentiment rises to highest in almost 7 years
- Former PBOC adviser says China's economy is in gradual slowdown
- North Korea begins tests to load Anthrax onto ICBMs, report says
- Chinese Academy of Social Sciences (CASS) - GDP likely at 6.7% in 2018
- New Zealand data: Nov. credit card spending up 0.8% m/m (vs. prior at 0.8% also)
- OK, that's it, I'm joining the doomer permabears: London café offers Selfieccino
- People’s Bank of China sets yuan reference rate at 6.6058 (vs. yesterday at 6.6098)
- Coinbase to offer trading in Bitcoin Cash
- Is it a bitcoin flash crash or just a fat digit (sry) trade?
- Bitcoin price lower still as more of Asia enters for the session - chart
- BoE to say EU banks to operate in UK as normal after Brexit
- Who owns all the JGBs? (Spoiler: BOJ has most of 'em)
- Another bank snippet on the RBA minutes (Dec. meeting)
- Australia - Westpac leading index (Nov.) +0.1% m/m (prior was +0.13%)
- Societe Generale on cheap vs. expensive currencies and where the value is
- HSBC on the 'key pinch point' for the Reserve Bank of Australia
- FedEx (yes, FedEx) boost forecast for US economic growth this year and further out
- What have the Romans ever done for us? (Baldy Christmas tree edition)
- Trade ideas thread - Wednesday 20 December 2017
- Forexlive Americas FX news wrap: Tax bill on way to passing, but not without some drama
- New Zealand November Trade Balance, $ -1.19bn vs. $ -550m expected
- US Senate may have to have another vote on the tax bill
- Banco Central do Brasil says it will no longer indicate a bias when setting rates
- Bitcoin taking a dive - chart
- No records in the US stock market today. Major indices lower.
- Economic calendar due from Asia today
- Bitcoin dips below 200 hour MA (Coinbase)
Bitcoin slid in price in the late NY afternoon time and kicked on lower again as Asia become more active. The catalyst seemed to be the Coinbase exchange adding bitcoin cash to its offerings, bitcoin cash is one of the key competitors to BTC itself:
Bitcoin Cash was created on August 1 as an offshoot of bitcoin these are called forks)
Coinbase says it will enable full support o the offshoot - the ability to "buy, sell, send and receive"
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And so to currencies. Remember those? Dinosaurs, the lot of them!
Small ranges prevailed in Asia. Cable tested briefly above 1.3400 and is a few points under there as I update. The Bank of England is expected to announce Wednesday that EU banks to operate in UK as normal after Brexit, which was taken as a slight positive.
NZD/USD has slid on the session, its down 20-odd points from its late NY levels; a much bigger than expected trade deficit 9for November) the catlsyst here. After an initial mark down it managed a retrace to its break point but has since slipped a little lower for the session.
AUD/USD, EUR/USD, USD/CHF, USD/CAD .... these are all little changed. There was nothing in the way of impactful news nor events for these (obviously).
Gold has added a few dollars, its up 3USD-odd from its session low.
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Join me during Asia tomorrow for NZ Q3 GDP and the Bank of Japan meeting!
