Forex and Bitcoin news for Asia trading Monday 18 June 2018 Gold and silver are the ugly, ICYMI. The precious two fell heavily late last week and didn’t get a lot of love at the opening of the new week apart from a small retrace. No fresh news on these, we await Europe and US…
Saudi Arabia and Russia are backing an increase in oil production at the OPEC (and other producers) meet in Vienna this week Link to the Bloomberg piece is here
The Bank of International Settlements (BIS) sounding an alarm and Bitcoin and other of the large cryptos The bank says networks are prone to congestion, making them more fragile and “trust can evaporate at any time”
A heads up for Dragon Boat, Tuen Ng, Festival on Monday 18 June 2018. China and HK markets to be affected.
With the weak close for the Australian dollar on Friday, this via NAB pertinent Technical analysts there were awaiting: Commentary: Medium Term Price Drivers
CBA on the AUD, and New Zealand dollar also for the week ahead AUD/USD will continue to trade on the defensive this week in part because the US-China trade spat is a risk to our constructive global growth outlook.
Prior month came in at 20.1 A good report for the New York manufacturing activity.
Canada Internations transactions for April 2018
The prior month rose 1.4%
Announcement made according to Bloomberg The headlines here are from Bloomberg and it says that the US has announced the target list of Chinese goods that will be slapped with the tariffs. Awaiting more details.