What's coming up on the economic calendar today Good day, one and all! How's everyone doing today? Today is going to be a lighter day on the data front, but do expect more Brexit talks to dominate the headlines. I think we're all getting accustomed to that by now.
WSJ with an interesting experiment to test the volatility of Bitcoin As Bitcoin , here's something to check out if you're looking to find out how volatile the virtual currency can be. Forex news for Asian Pacific traders on December 6, In other markets a snapshot of the values are showing: Comments out on Bloomberg now 6 Dec , from Moody's APAC chief creddit officer Taylor So far, central banks in Asia have hinted at possible rate hikes in the next year and the markets are also expecting some hikes to come from Malaysia, Taiwan, and Thailand.
The 10th hourly bar trader below both. The price must be going lower, right?. There is a change and it is to the downside. The main index in Tokyo is dipping towards the 22, level All sectors are down today, and that's dragging the Nikkei down. French president Emmanuel Macron's popularity gains 6 points The gains were mostly among French conservatives and far-left sympathisers of the France Unbowed political party, according to Ifop.
What's on the board so far today: Looking at the 5-minute chart below , the bar MA moved down to catch up with the price. The price moved above and the price has seen a momentum move.
Also falling below the There was a brief 2 pip break, but it was quickly reversed. They cite Brexit for the potential weakness. How does it look technically?
Still looks to facilitate a peace deal with Israel and Palestinians This is not really new news. It was talked about through out the day, but there are headlines coming out about the US moving their Israeli embassy to the city of Jerusalem from the current location of Tel Aviv. Central bank has not conducted open market operations. Exporters get bids filled after 3Q GDP miss: Traders According to "Asian based traders", bids from Australian companies and options desks under 0.
Can it stay below The price moved back up by about 46 pips, reversed and fell back down. YoY rises to 2. The year on year also missed at 2. That helped to push the pair to the highest level since November 13th.
They seemed to not have gotten far There is also a story in the Daily Mail saying "Plot to blow up Theresa May is foiled. There is an article in "The Telegraph" titled "". That may be contributing to the softness in the currency. Feel free to weigh-in If you have any trade ideas for the day, or grander thoughts on anything, feel free to let us all know. Title text for next article.
Get the ForexLive Newsletter. More from BOJ's Masai: Doesn't see big risk of Japan's financial system destabilising. Wed 6 Dec Reuters reporting the comments 6 Dec It is true that ultra-easy policy is weighing on bank profits Doesn't see signs of excessive risk-taking among financial institutions How the BOJ will respond to downside risks to prices will depend on economic and market developments at the time Not too pessimistic about inflation given tight job market and global recovery.
His earlier comments can be found here. Nothing that stands out really. His earlier comments on the YCC is more or less what Kuroda has been emphasising over the last few days as well. As I said in my earlier posts on Kuroda, it's likely all these talks are pointing towards a status quo in monetary policy when the BOJ meets on 21 December.
View Full Article with Comments. Economic data coming up in the European session What's coming up on the economic calendar today Good day, one and all! Economic data coming up in the European session. Asset 24 View More. Trump informed Palestine he will move US embassy to Jerusalem. Forexlive Asian Pacific news wrap: Australian GDP misses, and the market punishes. Stocks tumble Forex news for Asian Pacific traders on December 6, Moody's sees 3 Fed rate hikes in Comments out on Bloomberg now 6 Dec , from Moody's APAC chief creddit officer Taylor So far, central banks in Asia have hinted at possible rate hikes in the next year and the markets are also expecting some hikes to come from Malaysia, Taiwan, and Thailand.
Moody's sees 3 Fed rate hikes in Nikkei extends fall on the day, now down 2. FX option expiries for the NY cut What's on the board so far today: FX option expiries for the NY cut. Value trades are winning over momentum trades at the moment. Falls below the bar MA on the 4-hour chart. Trump will recognize Jerusalem as the capital of Israel and move the embassy over time Still looks to facilitate a peace deal with Israel and Palestinians This is not really new news.
Trump will recognize Jerusalem as the capital of Israel and move the embassy over time. BOJ Board member Masai: Ultra easy monetary condition created by YCC giving powerful support to economy. PBOC sets Yuan midpoint at 6. Australian GDP for 3Q comes in at 0. Australian GDP 3Q is up at the bottom of the hour 0. Australian GDP 3Q is up at the bottom of the hour. Tue 5 Dec Trade ideas for the session?More...