Chinese Industrial Company Profits for June of 2018 The data from the stats people covers larger firms in China the result is down a little from May but still kicki’. 20% y/y not top be sneezed at (I suppose I should caveat this with a warning on the veracity of Chinese data etc. You’ve heard…
Not only is core CPI missing, ‘wholesale’ inflation dripping lower also. ForexLive
If 2018 plays out as it has so far politics should continue to be a driver of markets This now via CNN, something to keep an eye on: – Times in July 2017. ForexLive
US Q2 GDP is due on Friday 27 July 2018 at 1230GMT I posted a preview way back on Monday: And then I got trumped by the Presidential leak: I soldiered on, though, with more preview:
We will get the national Japanese inflation data for July in 3 weeks, for now this heads up for Tokyo area CPI Perhaps a very marginal yen positive.
A snippet from Credit Agricole on what their month-end re-balancing model is suggesting In a nutshell, ForexLive
Mnuchin to reporters on NAFTA ForexLive
Highlights from Draghi’s opening statement – Private consumption is supported by ongoing labor market gains – Risks to the growth outlook remain broadly balanced The inflation note has given the euro a small lift.
Closed at 110.96 The USDJPY is pushing toward the 111.00 level and in the process, has moved to the close from yesterday at 110.96 area. The high in the NY session has just reached 111.02. The high for the day was in the first hour of trading today at 111.03.
Technically, the 100 hour MA remains a support level The EURUSDs initial reaction is higher on the data and the comments from Draghi. Durable goods headline came in weaker at 1.0% vs 3.0% expected. The Cap goods shipments non defense ex air was higher at 1.0% vs 0.4%. The goods deficit showed more deterioration. The…