This is via Bank of America / Merrill Lynch on where they see USD/JPY heading (TL;DR … 115!) ForexLive
Forex and Bitcoin news for Asia trading Monday 30 July 2018 A subdued week’s opening for the majors but China’s currency again grabbed the attentions. The People’s Bank of China set the mid rate back above 6.8 for onshore yuan to begin the week. Offshore yuan responded by sliding (as did onshore), back toward last’s…
Retail sales data from Japan for the month of June, inline m/m and a small beat y/y +1.5% m/m – expected +1.5% m/m, prior -1.7% + 1.8% y/y – expected +1.7% y/y, prior +0.6% A solid bounce back after a disappointing May
I posted the earlier Forex options for expiry Monday 30 July 2018 EUR, GBP, yen in there Just a quickie heads up for 01 August 2018 – EUR/USD – Strike price is 1.1600
Barclays trade of the week, the bank likes a short cable Short GBPUSD – target 1.2810 – stop loss at 1.3260 The banks saying a BoE rate hike this week is expected, in the pricing already
A couple of news items from the weekend for the Brexit people The Financial Times report on city job losses: As I post GBP has done little in Asia to open the week here in Asia
The final July 2018 report ForexLive
Trump speaks on the economy after the GDP numbers ForexLive
EUR/USD hits a session high Ok, it’s only up 13 pips on the day to 1.1656 but the euro was as low as 1.1621 so it’s something. I think there are two things going on here and they’re both about the dollar, which is falling broadly.
FTSE MIB gives up gains The euro has brushed aside comments from Five-Star founder Grillo supporting a referendum on the euro. The Italian stock market, however, has taken note and is now slightly lower on the day from +0.4% before the comments.