December 6, 2022

Forex Solution

Learn To Trade Forex

ForexLive Asia FX news wrap: AUD and NZD higher

2 min read

Forex news for Asia trading on
June 2021

It was an active opening to the
week with follow through moves from the US equity market drop on
Friday hitting Japanese stocks particularly hard. At the Tokyo lunch

  • Nikkei
    is down 3.4%
    is down 2.5%

I post there is so far no sign of the Bank of Japan buying (TOPIX)
ETFs. They last bought back on April 21.

risk-off move … well it wasn’t a risk-off move at all. AUD and
NZD both moved substantially higher (for an Asian range day) with
AUD/USD up around 40 points from its lows while NZD/USD up a similar
amount circa +40 points. Fresh news and data were light only.  

didn’t do too much, yen and GBP added on a few points against the
big dollar. Oil traded higher still, CAD added
a few points. .

yields dropped during
Asian session here, the 10 year and 30 year USTs to lows not seen
since early March and February respectively. Dropping yields gave
gold a bit of a spark, up a little more than 10USD from its low.

People’s Bank of China set its one- and five- year loan prime rates
at unchanged levels for the 14th month in a row.

had an active weekend, dropping under $33,500 at one stage before
staging a solid rally back above $36K. Its circa $35K as I update
though. Chinese tightening of regulation of mining and transactions
continues to ratchet higher (see bullets above). 

Gold eked out a small bounce:

Forex news for Asia trading onMonday21June 2021

Source link

Copyright © All rights reserved. | Newsphere by AF themes.