Speaking about the impending Juncker/Trump meeting Margaritis Schinas is the current Chief Spokesperson of the European Commission, and a Deputy Director-General at the Commission’s DG Communication:
High took out last week’s high and failed The EURUSD is lower on the day (below 1.1720). It failed on the break of last week’s high (high today reached 1.17495. The high last week reached 1.1744). The price is below the upward sloping trend line from last week’s low at 1.1727 currently), and the broken…
Marchionne is in a Swiss hospital Sergio Marchionne is one of the great automotive CEOs of all time and is only 66 but is fighting for his life in a Swiss hosipital. He was CEO of Ferarri, Chairman of Maseratti and CEO of Fiat Chrysler. He turned around Fiat and eventually built the alliance with…
Mexico to push for trade deal Incoming Mexican President Lopez Obrador wants a deal by the end of August so he can focus on his domestic agenda, according to a Bloomberg report citing three sources. A deal before he takes office would also shield him from criticism.
That’s tomorrow and Wednesday These are hearings on a proposed $16 billion worth of Chinese goods. ForexLive
Tough resistance above. Can interim support be broken? The GBPUSD moved up to test the 200 hour MA and the 50% retracement of the move down from the July 9 high. That area now comes in at 1.3148-58 (the 200 hour MA was higher earlier). The high for the day reached 1.31577 – right under…
Eurozone consumer confidence data ForexLive
US June existing home sales data The latest housing numbers have been all over the place. In his testimony last week, the Fed’s Powell was lamenting the lack of inventory and the difficulty of building.
May on Brexit ForexLive
Dip in USD/JPY erased The BOJ is meeting next week and reports suggest they could tweak policy to make it more sustainable. That would mean less bond buying over a longer period. Other options are also being considered.