ForexLive Asia FX news wrap: US SEC said to not oppose a Bitcoin futures ETF

Forex news for Asia trading on
Friday
15
October 2021

The
US Securities and Exchange Commission is said to be not opposing BTC futures ETF trading, this clears the way for launch. News comes via various sources. After languishing sub-US$ 58K and towards $57K for
much of the session this lit a fire under BTC, it surged above $58.5K
as I am writing … and above $59K as I publish. The
timing for launch of the first ETF looks to be as soon as Monday next
week. An
early heads up to this was given during the US timezone:

China
provided plenty of news, most notably a 500m yuan medium-term lending
facility to prompt more
bank lending was issued. News also hit that financial regulators had
instructed some of the big banks in the country to ease mortgage
lending rules – the instruction was issued in late September to
encourage house buyers to borrow through Q4. As part of the
encouragement to lenders
they are permitted to sell securities backed by residential mortgages
(RMBS) to free up loan quotas, this practice had been banned earlier
this year.

On
the FX front EUR/USD and USD/JPY were gainers (hence EUR/JPY …
other yen crosses also did well). NZD & GBP also crept higher but
AUD lagged.

Still to come on Friday US time:

News

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