CS says it has received notification from the European Commission alleging it “engaged in anticompetitive practices in connection with its foreign exchange trading business”
What’s on the economic calendar today? CHF Bank Holiday – Heads up for CHF traders. Won’t have too much of an impact on the EUR though. Low Impact and PMI Releases:
A piece in Reuters on Xinhua saying China will overcome the trade war with the US: – China will keep its economic growth within a reasonable range – And achieve this year’s target despite challenge
Hump day! Good morning/afternoon/evening ForexLive! Let’s get this hump day, European session started, shall we? The market narrative is going to drive us toward today’s FOMC meeting during the US session, as well as more lead up to the Bank of England tomorrow.
Forex news for NY trading on July 31, 2018 In other markets, the snapshot shows: – Spot gold is up $2.40 or 0.2% – WTI crude oil is down -$1.40 or -2.0% In the US stock market today:
Forex and Bitcoin news for Asia trading Wednesday 1 August 2018 The news of the day centred on US proposals to jack up the tariffs on Chinese imports from 10% to 25%. Please note, these are only proposals at this stage. But, having said that a constant mantra of mine has been not to underestimate…
The ‘flash’ (i.e. preliminary) Manufacturing PMI for July was 51.6 – Well down on June’s final reading of 53 It was the lowest for 18 months, but on the plus side was in expansion still
The private survey PMI from China after yesterday’s official survey results Comes in a touch off estimates at 50.8 – expected 50.9, prior 51.0 From the report (bolding mine) ….
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
Some more details (not a lot) coming in – The US administration is planning on proposing the 25% tariff as Unnamed sources cited. This the background ICYMI: