Forex and Bitcoin news for Asia trading Monday 30 January 2018
US 10 yr yield higher today, again
- Heads up for Euro area flash Q4 GDP due today
- Is there a typo on the invitation to the State of the Union?
- US accuses Russia of 'unsafe' action after fighter dangerously buzzes Navy plane
- UST yields may be rising, but yield curve remains similar
- Blackstone in advanced talks to buy about part of Thomson Reuters
- Adviser to Japanese PM says yen could firm in short term
- Federal Reserve FOMC announcement due January 31 - another preview
- Federal Reserve FOMC announcement due January 31 - preview
- USD getting a leg up - UST yields edging up
- Federal Reserve FOMC announcement due January 31 - quickie preview
- Australian Q4 inflation data due tomorrow - previews
- Heads up for US President Trump's State of the Union address
- PBOC sets USD/ CNY reference rate for today at 6.3312 (vs. yesterday at 6.3267)
- Japan's cryptocurrency girl band is called the Virtual Currency Girls
- A couple of recaps of the Japanese data this morning
- Huge up for a humongous EUR/USD option expiry tomorrow
- Australia December Business confidence 11 (prior 6) and Conditions 13 (prior 12)
- Moody's: UK companies' credit quality to remain stable in 2018 despite Brexit uncertainty
- UK consumer confidence survey (Jan) - fastest m/m increase in a year
- Japan Retail sales for December +3.6% y/y beats expected (+2.2%)
- Japan economy minister Motegi will continue to closely watch FX rates
- US state department official says will not preview Russian sanctions actions
- Japan data - Overall Household Spending -0.1% y/y (expected 1.3%) and jobs data
- NZD expected to remain resilient - here are the key influences impacting in 2018
- Australia data: December business confidence and conditions due at 0030GMT - previews
- Australia ANZ Roy Morgan weekly Consumer Confidence, 120.9 (prior 119.4)
- NAFTA talks on autos did not focus on specific numbers
- UK government's new analysis of the impact of Brexit on economy
- Japan data due today - preview of jobs and retail sales data
- 9 reasons the USD will weaken in 2018 (EUR/USD to 1.3)
- Trade ideas thread - Tuesday 30 January 2018
- Brexit: UK PM May to reject EU transition offer
- New Zealand trade data for December - beats estimates
- Overnight Brexit - EU offer Britain membership benefits for 21 months after leaving
- ANZ on CFTC leveraged and real money forex positioning
- Stocks gets off to a bearish start in the new trading week
- Forex technical analysis: AUDUSD down on the day but still above key MA lines
- Economic calendar due from Asia today
UST 10 year yield hit its highest since April of 2014, helping the USD to pop a little in Asia today. As I update the gain for the dollar has been retraced somewhat.
AUD/USD is still lower though, it dropped 25+ points to be the biggest loser on the session. While 25 points isn't big, other currencies moved to a small extent. Asia FX, eh?
EUR, CHF, GBP, yen, CAD ... all are a touch weaker against the big dollar, as is gold also. Equity indices pretty much all over the place (Nikkei, US on Globex) are all lower too .... quite sharply.
On the news and data front today, we got a mixed lot of japanese data with growing retail sales, strong employment data, but a slide for household spending. More in the bullets, above - spending has been a weak spot but it was offset somewhat by the better retail sales numbers.
Aussie consumer confidence (weekly data) bounced a little, as did business confidence data also out today (December). Business conditions remained unchanged on the month after the previous was revised a point higher. Watch out for the quarterly inflation number from Australia tomorrow (previews in bullets above).
Still to come
- Europe flash GDP estimate for Q4
- Bank of England Governor Carney to appear before the UK's Economic Affairs Committee (1530 GMT)
- ECB's Mersch speaking in Frankfurt
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