Forex and Bitcoin news for Asia trading Friday 2 March 2018
- Australia's trade minister labels US' steel tariffs as 'disappointing'
- CAD traders heads up - Friday brings the Q4 & December reading for Canada GDP - preview
- Not heaps of Fed nor US data due Friday! Consumer sentiment on the calendar.
- South Korea expected to nominate new BOK chief on Monday - report
- BOJ's Kuroda upper house confirmation hearing set for 6 March
- Japan's unemployment rate just got a whole lot lower but...
- Steel & aluminium US trade tariffs 'stupid'. China likely to retaliate.
- US Commerce Dept says finds dumping of silicon from Australia and Brazil
- Heads up for large FX option expiries in coming days (EUR/USD, USD/JPY)
- USD/JPY to a fresh session low
- Economists: Euro zone economic momentum has peaked, ECB to drop easing bias in June or before
- FX option expiries for Friday March 2, 2018 - 10am NY cut
- BOJ Gov. Kuroda says Bank needs to continue monetary easing persistently
- Japanese PM Abe says progress being made on ending deflation
- PBOC sets USD/ CNY mid-point today at 6.3334 (vs. yesterday at 6.3352)
- Toyota warns new US tariffs on steel and aluminium will raise car, truck prices in the US
- Comments crossing from a new economic analyst (ForexLive non-exclusive!)
- ANZ on US shale oil output, expect not as fast output growth (also, forecasts)
- Japan crypto exchanges intend to self-regulate (good luck with that)
- Nikkei opens down 2.6% (woulda been a good day for one of those Japan holidays)
- Citi changes its call on timing of RBNZ rate hikes - hike coming later
- Japan govt officials commenting on US tariff announcement overnight (not happy)
- White House official comments on achieving balance, reciprocity in trade with China
- Japan finance minister Aso says he won't comment on FX market
- Japan inflation data (this for Tokyo, Feb. CPI). Headline 1.4% y/y (expected 1.4%)
- Japan January unemployment rate 2.4% (vs. expected at 2.8%)
- A few levels to eye on AUD/USD (support, resistance)
- Stay tuned for BOJ Gov. Kuroda to speak again today (from around 0100GMT)
- A few levels to eye on EUR/USD (support, resistance)
- Investors should shrug off the idea that the Fed has any special insight into the future
- Goldman Sachs says 4 Fed rate hikes won't be a problem for Asian equities
- Forexlive Americas FX news wrap: A tariff-ible day for the US stocks/dollar
- UK PM May comments crossing on Brexit ... "5 tests" for a deal
- Trade ideas thread - TGIF 2 March 2018
- New Zealand Building Consents (permits) for January: +0.2% m/m(prior -9.6%)
- Here is more on the recommendations from Paul Tudor Jones Goldman Sachs interview
- US stocks end a rocky session with sharp declines
- BoC Gov. Poloz - comments on 'uncertainty' (re policy etc.)
- New Zealand ANZ Consumer Confidence Index (February): +0.6% m/m (prior +4.2%)
- Heads up for Japanese jobs report (January) due at 2330 GMT
- EURUSD pressures the topside targets
- Heads up for Japan inflation data today, due at 2330 GMT
- US total vehicle sales come in at 17.08M vs 17.20M estimate
- Economic calendar due from Asia today – BoE Carney to speak (?), BOJ QE action too
After the big moves during the US time zone currencies took a breather here in Asia, with smallish ranges pretty much across the board.
The yen edged itself a little higher, with USD/JPY dropping under 106 briefly, and only by a little. With others relatively stable against the USD, yen crosses declined.
USD/CHF is a touch lower on the session and EUR and GBP have also eked out tiny gains against the big dollar. There will be more Brexit related guff coming up from the UK today (there is every day, right?) - UK PM May is to speak.
NZD is a few points to the better against the dollar - there was some stronger data from the country earlier on which may have helped it along a little. AUD and CAD are both little net changed on the session.
Bitcoin continued its gains, back above 11,000 USD. I'm gonna need a new hat.
Regional stock markets followed on from the slide in the US, lower. The Nikkei is down more than two and a half percent, ugly.
Hello Nikkei, how was your week? Oh, forget I asked ....
Still to come:
- CAD traders heads up - Friday brings the Q4 & December reading for Canada GDP - preview
- Not heaps of Fed nor US data due Friday! Consumer sentiment on the calendar.
- FX option expiries for Friday March 2, 2018 - 10am NY cut
And, join me on the Asian time zone next week for a huge one! We get policy statements from both the Reserve Bank of Australia (Tuesday March 6) and the Bank of Japan (meeting Thursday and Friday, the 8th and 9th, announcement on Friday). What's that you say? Both to remain firmly on hold? Sshhhh - I'm trying to get some interest going ;-)
And, don't forget first thing Monday! Political risk for the euro coming up real soon - Italy election March 4
Have a great weekend all!