ABC News report Juncker is coming two the White House with two proposals, according to an ABC News report. “Juncker, according to a senior European official, will offer two solutions: eliminate tariffs on cars for all trading partners, or create a limited free trade agreement between the U.S. and EU on industrial goods.,” ABC .
Juncker and Trump to discuss trade Trump has a busy day ahead President Trump meets in Oval Office with Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan Trump has lunch with Sec. of State Mike Pompeo and Homeland Security Sec. Kirstjen Nielsen Trump meets with European Commission President Jean-Claude Juncker Trump meets with…
Belgians not feeling so hot There is convincing evidence of a small slowdown in Europe. ForexLive
Kudlow touts GDP The consensus is 4.2% but Charlie Gasparino earlier this week reported that Trump had told at least one associate the number was 4.8%. ForexLive
CEOs always find something to pin the blame on Executives at Coca-Cola say the stronger US dollar is increasing currency headwinds. Earnings season is near its peak right now and many CEOs have been pointing at the US dollar.
Light calendar today Housing is back in focus today with the June new home sales report to come at 14000 GMT. Recent housing numbers have been on the soft side but the previous new home sales number showed a 6.7% m/m increase.
Forex and crypto, European session news wrap: In what was a fairly quiet session, we are set up nicely for tomorrow’s ECB meeting. Check out the euro specific blogs below for the most useful content in keeping up with the narrative for tomorrow.
Lost in translation? The perils of a union that consists of a multitude of different primary languages: It’s brilliant how striking the difference between the three are and just how big of an effect each have on the Euro… in different directions!
From SpaceX “T-60 minutes until Falcon 9 launch of Iridium-7.” Launch webcast will go live about 15 minutes before liftoff. You can find video at the following link: https://www.spacex.com/webcast
Freeland is in Mexico City today Guarjardo: USD/CAD dipped a bit on these headlines but I don’t see anything new here. We’ve got opposing headlines all over the place. Trump is talking about auto tariffs and a NAFTA deal. In theory, that’s something that could happen with a NAFTA deal and then tariffs on everyone…