Headline miss Reaction to come. ForexLive
May US housing data That’s three straight months near a 0.2% m/m increase near the busiest time of year for home sales. The months immediately prior were much stronger so it’s way too early to call it a trend but home price growth at 3% would raise some questions about the strength of the overall…
May data up next US house prices are expected to rise 0.3% m/m. This series has been volatile lately with a pair of strong months to start the year erased by two small gains in March and April.
Philly Fed regional business activity ForexLive
What’s on the economic calendar China is the story so far today on yuan weakness and stimulus talk. Google earnings were strong late yesterday and that will likely lift tech but broader markets may also take cues from Whirlpool, which cuts its profit outlook after missing on Q2 earnings. The company has been hurt by…
Turkish lira continues to tank No change today and… Well that’s not something you see every day! “Price gains will eventually catch up with policy actions and slow down over time”
“Well that didn’t go as planned” I’m sure this is what the French policeman is mumbling under his breath, as the entire race comes to a grinding stop with riders no longer able to see!
Clock is ticking The UK Brexit Minister Raab (although he may have been demoted with PM May’s announcement that she would take over negotiations), is on the wires saying:
Don’t get caught up in a headline Some more on the headline that I put out a little earlier: “” Iran will respond with equal countermeasures if America attempts to block its oil exports.
HMMMM. The US enacts tariffs. China stops importing soybeans and other farm products. The price of soybeans tumble. Farmers are victims. To counteract the victimization, the White House is to announce an aid package ($12B) to the farmers to offset their losses (they are a Trump base).