US June PPI data Year-over-year numbers: – Final demand +3.3% vs +3.4% exp – Ex food and energy +2.7% vs +2.8% exp – Ex food, energy and trade +2.8% vs +2.7% prior
Canada June new housing price index ForexLive
Continuing claims come in at 1755k vs. 1730K estimate The US initial jobless claims came in better than expected at 213K vs 220K expected. Employment trends for claims remain steady/strong near record low levels.
Housing starts for July ForexLive
Canadian data next Canadian housing starts are due at 1215 GMT (8:15 am ET) and expected to decline to 219.0K from 248.1K. Estimates range from 215K to 230K. At the bottom of the hour, there will be data on Canadian new house prices along with US initial jobless claims and PPI.
Further comments by Italian PM Conte – Italy will negotiate with EU on “courageous” budget that defends its interests – But will not be “foolish” in its demands Conte’s words is helping provide added relief and reassurance to traders as BTPs are rallying across the curve. But it remains to be seen what the budget…
Italian PM Conte is speaking in Rome in a news conference – Easing bureaucracy will boost the economy – Budget will include package of reforms – Government programs need to be realistic ForexLive
According to a statement by the Chinese Securities Regulatory Commission – To revise QFII and RQFII rules in order to broaden access for foreign funds – To also allow more types of investments by foreign funds ForexLive
A succession of lower highs and lower lows is a sign that… ForexLive Things are going to get worse before they get any better. Right now, the pair is trading below the lows posted on Monday which was at 1.2920. The next support level comes from the figure level and bids around 1.2900 but it’s…
The yen is the best performing major currency on the day ForexLive Equities were among the contributors to the rise in the yen today with the negative tone from Chinese stocks towards the end of Asian trading helping to fuel losses in European equities as well. However, most European stocks have gone into the black…