Forex and Bitcoin news for Asia trading Thursday 2625 July 2018 Afternoon developments from the US with an agreement reached in talks between US President Trump and European Commission President Jean-Claude Juncker. The substance was very light-on but at least the two sides agreed to keep talking. Markets took some heart from the developments, taking…
New Zealand’s finance minister Robertson on what he expects from the economy – growth to pick up in H2 of this year – wage inflation to also pick up – Sees CPI at 2% over time
The Australian dollar, and indeed ‘risk’ more generally had rallied earlier when it appeared there was good news to come on the Trump/Juncker talks – AUD/USD had popped its highs set just after the CPI data yesterday
Press reports from India on US steel tariffs – US has indicated that it will consider a waiver for India from its 25% additional tariff on steel – provided New Delhi offers an acceptable proposal to lower the volume of its supplies FE citing unnamed sources
The People’s Bank of China revalued the onshore yuan today, sending it to its highest for the week at the setting Which raises the question if the devaluation trend for the yuan is over, or just having a rest?
A beat on export prices will be welcome news price index expected +3.2% q/q Import – +1.9%, prior +2.1% – For the y/y, up 6.0% price index +1.9% q/q (posted after more than one double take ….!)
This from the German foreign minister You can find the German foreign minister’s twitter here This one is interesting: Word of warning for politicians conducting diplomacy via Twitter in short form and across multiple languages: The translate button obviously isn’t the best and things can easily get lost in translation.
Tariffs tariffs TARIFFS! A couple of headlines flicking by: – EU preparing counter tariffs of $20B on US goods – BBG – EU trade commissioner Malmstrom still hoping to find solution with the US – DN ForexLive
What are you looking at? With the below in mind, what are you trading? daily market themes – Aussie Dollar settling post CPI – “Tariffs are the greatest”
Oil sensitive headlines flashing by This is from RBC in relation to sanctions being imposed on Iran. It just adds to the public back and forwards we’ve seen from Trump and the Iranian ministry. I mean oil has always been a market that’s open to headline driven whipsaws, so this is certainly nothing new for…