Fear about more tweets? The President isn’t very popular with US dollar bulls in the past two days. In back-to-back attacks on the Fed, rates and even dollar strength itself, Donald Trump has hurt the currency.
Trump says he’s playing with the bank’s money Trump got the expression wrong today but the point he made is clear. The stock market rally since his election victory gives him the opportunity to be more aggressive in his trade war with China and other countries, he said today.
Bullish above/Bearish below 0.6805 area The NZD was the weakest currency yesterday and the NZDUSD tumbled below the low from July 13th. The momentum faded though and the pair started to correct.
Says it doesn’t look like their will be major progress ForexLive
Further claims by Italian officials refuting earlier reports that Salvini and Di Maio called for finance minister Tria to resign ForexLive
According to a report by ANSA – Says that he never asked for Tria to resign ForexLive Tensions within the ruling government has seen Italian assets stumble at the start of the trading day, but the earlier losses has seen some recovery some what. Italy’s MIB is now down only 0.6% after having posted losses…
Latest data released by ONS – 20 July 2018 – +£3.4 bn; revised to +£3.9 bn – PSNB (ex-banks) +£5.4 bn vs +£5.0 bn expected – Prior (ex-banks) +£5.0 bn; revised to +£4.7 bn ForexLive
Latest data released by the ECB – 20 July 2018 – Prior +€26.2 bn; revised to +€27.3 bn – Seasonally adjusted current account +€22.4 bn – Prior +€28.4 bn; revised to +€29.6 bn ForexLive
10-year bond yields are up 6 bps while the benchmark stock index is down 1.1% ForexLive So far, the move here appears rather contained to domestic assets but it’s something to keep an eye on in case it spills over to regional assets as well. Italy’s MIB was already taking a hit as .
Nasdaq leads the way. The US stock market is opening mixed: – Microsoft is a $2.37 or 2.3% after better-than-expected earnings released after the close.