Forex and Bitcoin news for Asia trading Monday 23 April 2018
- NZ data - March credit card spending above that in February
- More on the MXN intervention story from earlier
- Weekend comments from BOJ's Kuroda on continuing with accommodative policy
- Japan data - Nikkei / Markit Manufacturing PMI (April, preliminary): 53.3 (prior 53.1)
- Goldman Sachs says AUD/USD is approaching a critical pivot at 0.7630
- JPM on FX for the week (and further) ahead: forecasts
- More Japan Abe polling - business still like him!
- UBS macro view - sell EUR/JPY & buy USD/CAD
- Weekend CAD comments - BOC Gov Poloz says not worried about above target inflation
- Brexit - UK press says PM May might have to accept permanent membership of customs union
- Trade ideas thread - Monday 23 April 2018
- Don't let fear crowd out your chance of success in your forex trading
Not much of a session here for movement to kick off the week.
USD/JPY traded a little higher, very little, with encouraging developments on the Korean peninsula being reported:
- ICYMI: North Korea pledge to suspend nuclear & missile tests - effective immediately
- North Korea will have to 'earn' lifting of sanctions, senior Trump admin official says
- South Korean media says South has halted propaganda broadcasts at border with North
The easing of North/South Korean tension should be a yen negative, and probably more than it was as the range was very small indeed. Resistance persists ahead of 108 but the sellers are being nibbled away at.
The CHF also slid a tiny amount, USD/CHF up very small, not too much change for EUR/CHF on the day.
EUR/USD and GBP/USD are both little altered after minor wiggles only during the day here: GBP/USD the better of these two.
There has been a little AUD/NZD buying: AUD?YSD is net up fw tics while NZD/USD down a wee amount.
Gold is down a few cents,
In all, despite plenty of news and headlines over the weekend, little movement on the forex to report. We await Europe/UK and then US trade for direction.
Still to come: