Latest data released by Eurostat – 17 August 2018 – CPI +2.1% vs +2.1% y/y prelim – CPI -0.3% vs -0.3% m/m expected – Prior +0.1% ForexLive Preliminary figures can be found . All in-line with estimates. As such, it’s not going to do anything to change things on the day.
CPI surprise sends Canadian dollar higher The Bank of Canada is going to have a tough decision at the September 5 meeting. The market is saying the chances of a hike are increasing and now sit a 33% compared to 23.5% before .
USDTRY stays below the 200 hour MA ForexLive
Oh no…. some red flags again… Despite comments of hope on a NAFTA deal from both the US and Mexico (Kudlow was speaking positively earlier), when there is “hope” there is trouble. The recent comment from the Mexican economic Minister Guajargo today, throws up the “hope” red flag.
It was a crazy night Unexpected events are the greatest opportunities in markets. The binary nature of referendums makes them particularly interesting and none was more fascinating than the June 23, 2016 Brexit vote.
Trump says “Ok if no breakthrough” There is that word “hope” again. US Trade Rep Lighthizer says that he is “hopeful” for a breakthrough on NAFTA with the next few days, and Pres. Trump shoots back “OK if there is no breakthrough”.
Wall Street Journal reports. It those dates were out earlier, please excuse me, but WSJ is reporting those dates now. The talks are characterized as “low level” talks but they are better than nothing. A Chinese vice minister will be sent. The talks are the first in more than two months. The US will be…
Pentagon assessment released on Thursday, reported on Asia media and Reuters now with it: I’d be surprised if China wasn’t training like this. And vice versa.
Reuters Tankan is monthly, tracks the BOJ tankan (or is intededed to) Via Reuters : – Business confidence among Japanese manufacturers was at its highest in seven months
A weaker NZD will have played a role I guess Summary from Stats NZ: NZD not fussed … barely a ripple