A snippet from Credit Agricole on what their month-end re-balancing model is suggesting In a nutshell, ForexLive
The US administration is proposing a 25% tax on vape products imported from China – an estimated 91% of vaping devices in the US are imported from China The proposal is part of a new round of tariffs targeting $16 billion in Chinese imports
Via China press (government’s Xinhua) Chinese President Xi Jinping and Russian President Putin met on the sidelines of the 10th BRICS summit in Johannesburg, South Africa
On the calendar today A few low impact data releases to keep on top of: – French Flash GDP q/q: 0.3% expected and 0.2% previous – French Flash GDP y/y: 1.9% expected and 2.2% previous
The International Monetary Fund with its latest on China Growth expected at 6.6% this year. This is an unchanged forecast from the Fund, their previous was in May, also at 6.6%
Friday Funday With the ECB coming and going last night, today’s data might not be as relevant, but the price action fallout will certainly keep us entertained.
Down 1.3% m/m for the survey result and to its lowest since 2016 While it has fallen on the month it is wiggling around its longer run average. NZD impact, as you can see, is minimal. The indicator is not often a big forex mover and while today’s result is perhaps something to be wary…
Forex and Bitcoin news for Asia trading Friday 27 July 2018 The majors didn’t do much at all, maintaining small ranges, but China’s currency was again a mover.
Mexico’s economy minister Guajardo upbeat on his Nafta discussions with US negotiators The never ending story. Airight? ForexLive
Local press with the report: Now I’m getting’ all parochial! Hope the lads are OK! (ps. Get your footy tips amended if you think you need to 😀 ) ForexLive