Some highlights so far Wilbur Ross – US Commerce Secretary – is testifying on Capitol Hill today on trade tariffs. To watch live, you can go to the CSPAN website (can’t find an embed code). .
A quick preview of the New Zealand Q2 Westpac McDermott Miller consumer confidence data due at 2200GMT – Q1 was 111.2 – there is no survey of expected Via Westpac:
2200GMT New Zealand Westpac’s Q2 consumer confidence survey I’ll have more to come on this separately 2245GMT New Zealand current account for Q1 Again, more to come on this separately
Adds that the oil market has not yet reached an ideal level of stabilisation A bit of blah blah in the lead up to the OPEC meeting this week. Saudi and Russia want an increase in production, others such as Iraq are opposed (so they say)
Official data is Wednesday morning US time – ahead of that is the private data – this comes out to subscribers to their service at 4.30pm NY time and hits media in the minutes following
Safe haven flows offset Trumps protectionist measures The market has been fixated on all things trade wars and with tension escalating on this front, we are seeing a flight to safety bid into the US Dollar, despite the soft Dollar implications from US protectionist measures designed to work against supportive US Dollar flow.
A host of central bank speakers to look out for Good day, everyone! Hope you’re all doing well as we get the day going. It’s been a case of forgive and forget in the market as suddenly the trade rhetoric is being left in the dust towards the end of US trading overnight and Asian…
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Forex and Bitcoin news for Asia trading Wednesday 20 June 2018 There was just a little movement for forex here in Asia so far today with small ranges. News flow and data was quite limited also: another White House resignation, New Zealand data, BOJ minutes (dated), and a sharpish onshore yuan devaluation at the reference…
Reuters with the news on the WH announcement: Another one bites the dust Huh, here we go, background to the resignation…. Buzzfeed with the sordid headline yesterday: