Forex news for Asia trading on Monday 23 August 2021
- RBNZ Chief Economist Ha says there is no pressure to act on monetary policy
- Here's how the oil price slide of 2013/2014 risks being repeated
- Australia coronavirus - Pfizer to be offered to some as young as 12 years old
- PBOC sets USD/ CNY reference rate for today at 6.4969
- New Zealand reports 35 new COVID-19 cases
- Another 800+ new cases for Sydney / NSW (Australia's largest population city and state)
- RBA report on the November 2020 Australian exchange outage
- Japan Jibun preliminary manufacturing PMI for August: 52.4 (expected 53.4, prior 53.0)
- Just waking up? Signs of a delay to Fed 'taper' announcement.
- PayPal will allow customers in the UK to buy, sell and hold bitcoin, other cryptocurrencies, starting this week
- Australia preliminary PMIs August: manufacturing 51.7 (from prior 56.9)
- Australia's 2nd largest population state reports an increase in COVID-19 cases again
- US Vice President Harris is in Asia Monday 23 August 2021
- Japan media sees less likelihood of an early election as PM Suga's support slides
- Heads up for the Fed's Jackson Hole full agenda - when to expect it
- Trade ideas thread - Monday 23 August 2021
- UK PM Johnson will personally ask US President Biden for a delay to the withdrawal of US forces from Afghanistan
- Its a huge week coming up - the big event is Powell's speech at Jackson Hole on Friday
- Monday morning open levels - indicative forex prices - 23 August 2021
Weekend:
- The medium is the message: Jackson Hole goes virtual
- FDA aims to give full approval to Pfizer covid vaccine on Monday
- New Zealand outbreak takes a turn for the worse with 21 new cases
Chinese equities were on the up today, as I post the Shanghai Composite is up over 1% while Hong Kong's Hang Seng is +2.25% in its morning session. The tech index in HK surged 4%. Industrial commodity futures in China, too, have risen strongly in morning trade. US equity index futures trading on Globex are also higher.
In the forex space the US dollar declined, with decent-sized gains for GBP, EUR, AUD, NZD, CAD. Even the CHF has added a few points to drag USD/CHF down from its late-Friday level while USD/JPY gained on the session after a start a touch weaker.
Speaking of a touch weaker, both AUD/USD and NZD/USD opened lower in the early Monday hours after a further jump in coronavirus cases over the weekend and also riots in Australia's two largest population cities Sydney and Melbourne with significant violence from rioters in Melbourne.
Gold and BTC have risen, Bitcoin/USD is above $US50K as I post, its highest since the middle of May this year. There is an item in the bullets above on PayPal to allow Bitcoin transactions from this week for its clients in the UK, a similar move was made for US clients earlier in 2021.
more to come
