A preview of the calendar in European trading Good day, everyone! Welcome to a start of a brand new week. Hope you’re all doing well and that the weekend was a great one.
Some comments by Japan’s Ministry of Finance (MOF) Oh, looks like they are commenting on the alleged sexual harassment case that popped up over the weekend, not the Moritomo issue.
Forex and Bitcoin news for Asia trading Monday 16 April 2018 The big weekend event was the missile strike on Syria from US, UK and French military. The world had been waiting a week for a response and it finally came. The expectation, along with the 40+ hour delay before forex markets reopened for trade…
Earlier today we had USD/JPY (some moves out of yen) after the weekend’s missile attack on Syria by US, UK and France. But some political developments seem to be prompting some return of favour for the yen:
The South Korean finance minister says he is seeking the ‘right way’ to disclose foreign exchange market intervention details I.e How to disclose details of actions taken by currency authorities when intervening in the foreign exchange market
European equity futures a little higher to start the week A mildly positive start to trading, which is a little buoyed by Asian stocks’ performance on the day – apart from Hong Kong and China that is.
Tokyo’s main index closes marginally higher in a mixed session for Asian stocks A day where the trading range in the Nikkei is also narrow as equity investors remain cautious. Chinese stocks are mostly taking a beating though with the Hang Seng down by 1.6% and China’s Shanghai Composite and CSI 300 indices down by…
Latest data released by Destatis – 16 April 2018 Data released earlier than expected, the figures are via Bloomberg. The index measures the value of sales made by wholesalers in Germany, it provides an indicator of consumption and retail pattern.
According to Yujiro Goto, currency strategist at Nomura Holdings in London Goto says that for yen bears, it could be a “crucial two weeks for BOJ watching”.
USD/HKD still sits at the top of the trading band – near 7.8500 The HKMA has spent about HK$9.7 billion already since Thursday last week, when the HKD fell to the weaker end of the trading band.