Month: July 2018

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  Heads up for the PBOC daily USD/CNY rate soon. CNH weakening ahead of it.

  People's Bank of China reference rate for the onshore yuan will be set just after 0115GMT. We'll have it here, as usual. I have posted[...]
  2018-07-26 22:10:54

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  PBOC sets USD/ CNY central rate at 6.7891 (vs. yesterday at 6.7593)

  Onshore yuan reference rate for the session from the People's Bank of China   - PBOC taking the big stick to the CNY again today [...]
  2018-07-26 22:10:54

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  The European Central Bank meet this week - what to expect

  The ECB meet on Thursday 26 July 2018 Long story short is that analysts are not expecting any change in policy and little in nuance.[...]
  2018-07-26 22:09:07

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  Draghi's opening statement: Economy proceeding along solid, broad based growth path

  Highlights from Draghi's opening statement - Private consumption is supported by ongoing labor market gains - Risks to the growth outlook remain broadly balanced The[...]
  2018-07-26 19:31:05

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  Mnuchin: Priority is concluding a NAFTA deal now that Mexican election over

  Mnuchin to reporters on NAFTA ForexLive
  2018-07-26 19:31:05

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  Draghi Q&A: We took note of Trump-Juncker meeting. It's a good sign

  Draghi comments in the press conference - ECB didn't discuss reinvestments - Enhanced forward guidance has been very effective in aligning expectations with intentions Draghi[...]
  2018-07-26 19:31:05

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  EURUSD initial reaction is higher on data/Draghi, but coming back off

  Technically, the 100 hour MA remains a support level The EURUSDs initial reaction is higher on the data and the comments from Draghi.  Durable goods[...]
  2018-07-26 19:31:05

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  USDJPY back up to unchanged on the day

  Closed at 110.96 The USDJPY is pushing toward the 111.00 level and in the process, has moved to the close from yesterday at 110.96 area.[...]
  2018-07-26 19:31:05

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  Four things we learned from the ECB meeting

  What changed and why markets moved 1) The ECB isn't worried about the latest data A few ECB members (and many market participants) have recently[...]
  2018-07-26 19:29:12

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  A little late, but the JPY is the strongest and the AUD is the weakest

  The USD is stronger The morning snapshot is a little late (some technical gltiches), but near the start of the NY session (and after Draghi[...]
  2018-07-26 19:29:12

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