Forex news for Asia trading on Monday 28 June 2021
- Gold - Standard Chartered flag $1770 as support
- The big event this week is the US nonfarm payroll report due Friday ... another surge?
- RBNZ Governor Orr has slotted in a speech on Tuesday 29 June 2021
- Morgan Stanley stays bearish on AUD/NZD
- PBOC sets USD/ CNY reference rate for today at 6.4578 (vs. Friday at 6.4744)
- Hong Kong - HKEX opening has been delayed due to fierce black rainstorm warning
- Asia Monday morning FX update - GBP holding a few points gain
- BOJ June policy meeting Summary of Opinions
- US air strikes against Iran-backed militia in Syria and Iraq
- Germany's Merkel wants to ban all travellers from UK entering the EU
- Bitcoin jumps above US$34K
- Tesla - Chinese authorities have ordered a fix be done on more than 280K cars in the country
- UK Chancellor Sunak & new UK Health minister - hopes up for July 19 reopening
- Singapore and the UK will launch talks on a digital trade agreement today (28 June 2021)
- Australia coronavirus - lockdown extended over a much greater area of Sydney
- Trade ideas thread - Monday 28 June 2021
- Weekend - China industrial profits data for May +36.4% y/y (vs. April at +57%)
- Weekend - UK financial regulator bans some Binance (a cryptocurrency exchange platform) operations
- Monday morning open levels - indicative forex prices - 28 June 2021
- MUFG trade of the coming week: Buy NZD/USD
- Central bank overview for June part 2
- Central bank overview for July part 1
Mixed results across major FX rates today but characterised in summary by a slightly stronger US dollar on slightly firmer US yields.
Early trade saw cable gain some ground and the AUD choppy but lower a few points. As the Asian morning progressed the USD traded a touch stronger, EUR/USD dropped towards 1.1920 and us CHF rose to hit circa 0.9190. USD/JPY on the other hand is a little lower following early highs near 110.85. AUD and NZD have been reasonably resilient, not changed nush at all against the big dollar. Gold lost ground.
News flow was fairly light, summarised in the bullets above. Data was absent (although we did get Chinese industrial profits over the weekend.
Speaking of the weekend, UK authorities tightened crypto rules, prohibiting popular exhange platform Binance from operating many services in the country. BTC/USD dipped towards $30K but recovered and popped higher, nearly reaching $35K in the morning here. More in the posts above.
HKEX morning session trade was cancelled due to a 'black' rainstorm warning (severe storm).
