Announcement to come at 3:30 pm ET (1930 GMT) The rumor is that it could be 25% tariffs on Chinese goods instead of 10%. If so, it could easily end up stealing the top story of the day from the FOMC.
100 day MA and trend line below. 100 hour MA above There is some recent NAFTA comments that is helping to strengthen the CAD a bit (). see post here Looking at the hourly chart below, the price is trading right around the 1.3000 level and sits between support below against a lower trend line.…
More confirmation We’ve hear this before but the difference here is that it’s coming from a Canadian official. That means leaders from all three parties have basically endorsed the direction on autos.
Add some news to your trading Forex trading or any type of CFD and non-derivative trading requires an immense amount data. The stereotypical image of a trader sitting in front of a six-screen array with the Wall Street Journal and the New York Times opened on their desk, exists for a reason.
100 day MA and 50% retracement is being approached Yesterday, the EURJPY based at the 100 hour MA and after consolidating around the 100 day MA and 200 hour MA around the 130.10-15 area, took off to the 131.139 ().
Stocks dipping to session lows The USDJPY has dipped to new session lows as the US stock market also gives up gains (and trades in the red for the S&P and Dow).
From an opinion piece in the Securities Journal (via Bloomberg) Speculating on a cut to the reserve requirement ratio (RRR) during the July – September quarter this year
Last Monday the Bank of Japan bid for Japanese Government Bonds (an unlimited amount) as yields rose. They did the same on Friday (when the JGB yield hit 0.1% … recall the BOJ target is around zero %)
I posted yesterday on the timing for the announcement. As you’ll recall the BOJ does not have a set time The short version is expect the announcement some time between 0230GMT and 0330 GMT GMT but there is more detail here from my post yesterday:
Bank of England meets Wednesday The implied odds of a Bank of England rate hike on Wednesday are just above 90%. They have steadily risen in the past two months from below 40% in early June as economic data stabilized (especially retail sales) and the BOE ramped up the hawkish rhetoric.