Another Pound Brexit storm on the horizon?
February 19, 2018
Europe Market Movements
Pound Brexit Rate – No major news from the European markets today with the EUR, GBP and CHF all moving generally sideways against major currencies. Today’s speech by the Governor of the Bank of England could affect the Pound as could comments by the European Parliament’s Chief Brexit coordinator.
US Market Movements
The US markets are closed today but in the Asian market session, the USD has been declining against the JPY after a rise of 23% on Friday. The EUR has also been gaining traction against the USD, with it trading this morning at 106.607 up from 105.785 on Friday morning. On traders’ radar, the FOMC meeting minutes later on this week.
Asia/Oceania Market Movements
Traders are eyeing Japan’s machine tool orders for January scheduled for release tomorrow. In Australia the AUD could face volatility overnight in response to a speech by the Assistant Governor of the RBA and later on with the RBA’s Meeting Minutes.
Bitcoin has made it again, with it currently at $10,808, up from a down of $6, 859 on February 6. This volatility is precisely what makes cryptos so attractive to traders. Crude Oil has it the highest level in two weeks with WTI up by 0.9% at %62.25 and Brent up 0.6% at $65.22. Trading will be slow today, due to holidays in the US and China.
Asia markets have been rising today with the Nikkei up 1.97%, the Topix up by 2.17% and the Kospi by 0.87%. Australia’s S&P/ASX 200 rose by 0.64%. The corporate earnings season continues. Traders don’t miss HSBC Holdings Earnings Call tomorrow.
|09:00 GMT||EUR: Current Account|
|18:45 GMT||GBP: BOE’s Governor Carney speech|
|00:30 GMT+1||AUD: RBA Meeting Minutes Report|