Forex options expiries today, the 10am NY cut – 1.1675 EUR 784m – 1.1775 624m – 1.1800 953m – 111.00 USD 413m – 112.00 559m – 1.3025 GBP567m – 1.3055 254m
Not a forex mover …. in fact there have been a few ‘not a forex mover’ data points out … Let me do a catch-up: New Zealand data – food price index for June 0.5% m/m
Why the Bank of Canada hiked I joined BNN Bloomberg immediately after the Bank of Canada decided to hike interest rates to 1.50% to talk about the outlook for the Canadian dollar and what’s coming next for interest rates.
ANZ painting a picture of conflicting influences on the oil price going forward In brief analysts there highlight: We expect a net production increase of 600k bbl/d in H2 2018, because many members are unable to increase production.
Something to note perhaps for future USD/JPY flows – Walmart selling its Japanese supermarket chain Seiyu – Reuters with the report, citing Japanese media
June final inflation figures for Germany and France are on the cards it’s not coming home Anyway, I hope everyone is doing well regardless of the match as we get into European trading later. Here is what’s on the agenda:
With inflation still very distant from the Bank’s inflation target “Raising interest rates is out of the question” So says Motoshige Itoh, a member of the Japanese government’s economic and fiscal policy council.
SG’s head of FX and money-market sales at Societe Generale in Tokyo – Says USD/JPY may have more upside – Cites it breaking a three-year descending trendline, break through of this resistance is “significant” (ps 200 week MA is not my cup of tea so I won’t comment on this)
Copper is often seen as a bellwether for global markets – Dr. Copper right? GS cuts its price forecast – 3 month horizon – now at $6500/ton from their prior at $7300 (Is GS just catching up with market movement? Its around its lowest in a year. Anyway, back to GS report … )
Forex and Bitcoin news for Asia trading Thursday 12 July 2018 USD/JPY was the notable mover today on a day of not much movement elsewhere.Even the USD/JPY move was limited, though. From circar 1120.00 its up above 112.30 as I post. News and data flow for it was pretty much zero, the overnight surge we…