Month: August 2018

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  PBOC says to deepen market-based interest rate reform

  Comments from China's central bank The comments are in the Q2 monetary policy implementation report. USD/CNY: ForexLive
  2018-08-11 13:29:46

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• 
  The JPY is the strongest and the AUD is the weakest.

  USD is attacting flows too The JPY and the USD are both attracting flows as there are a lot of global concerns, stocks are weak[...]
  2018-08-11 13:28:05

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  Erdogan starts another speech

  Lets see what he comes up with next So far the strategy of begging people to buy the lira isn't working. USD/TRY is at 6.37.[...]
  2018-08-11 13:28:05

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  Erdogan: Ignore forex prices, we are in love with Turkey's people

  Love doesn't pay the bills Meanwhile the Istanbul Chamber of Commerce is calling for urgent measures on the currency, saying it's at a point where[...]
  2018-08-11 13:28:05

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  GBPUSD rebounds after break(s) failed

  Modest rebound Yesterday, the GBPUSD fell below a trend line on the daily chart. Today the underside of that trend line was tested at the[...]
  2018-08-11 13:28:05

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• 
  EURGBP swings back down toward the 50%/200 hour MA

  First test stalled the fall The EURGBP is moving toward support defined by its 50% of the recent move higher and the 200 hour MA[...]
  2018-08-11 13:28:05

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  New York Fed GDPNowcast Q3 forecast 2.57% vs 2.58% last week

  Broadly unchanged JOLTS, CPI and PPI were the only new inputs this week and they didn't have much effect. ForexLive
  2018-08-11 13:28:05

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  Ping-pong in the USDJPY continues. Lower trend line stalls the fall

  100 hour MA and trend line the topside extreme. The USDJPY has continued the ping-ponging with the high extreme at the 100 hour MA and[...]
  2018-08-11 13:28:05

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• 
  Guajardo: NAFTA talks are progressing well, will continue next week

  There is a belief that an autos deal will get done soon It looks like a deal on autos is close. Then it will come[...]
  2018-08-11 13:28:05

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• 
  European shares end the day with sharp declines. A negative week as well.

  German Dax and Italy's FTSE MIB the big losers for the week The European major stock indices are closing lower on the day: The tumble[...]
  2018-08-11 13:28:05

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