Canadian CPI and retail sales up next The October Bank of Canada meeting is 50/50 on whether they will hike and economic data will tilt the market one way or the other, starting with today’s set of top-tier releases.
Forex news from the European trading session – 20 July 2018 Headlines: Markets: – NZD leads, USD lags on the day – European equities lower following Trump’s trade comments
According to Axios, citing White House economic adviser Larry Kudlow – China’s Xi doesn’t want to move on trade – That has offered US no options on IP theft and technology transfer ForexLive
Little reaction in the currencies market still though Another day, another . Trump trade headline ForexLive Despite all of this, yen pairs are actually holding up rather well. The only thing I can point to here is that despite the minor selloff in stocks, US Treasuries continue to hold steady. 10-year yields are still up…
UK prime minister Theresa May is speaking on the Irish border – White paper proposals can move on the Brexit negotiations – Must rule out free trade deal on offer from EU that creates a border with N. Ireland ForexLive
Well, not like that has stopped them so far – Doesn’t want tariffs on autos, it would hurt the EU and others – If need be, the EU is working on countermeasures ForexLive
Part two of Trump’s interview with the CNBC is being released now ForexLive He’s threatening China with more tariffs yet again. So far, we’re not seeing any sharp reaction in the market. There was a mild dip in S&P 500 futures on the headlines but nothing more than that so far. The FX market remains…
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.
Trump is a human hand-grenade Any time Trump is awake, markets need to be on guard. His latest tweets roiled markets and earlier today his comments to CNBC showed he’s ready to put tariffs on all $505 billion of US imports from China.
Trump doubles down on Fed comments The Fed isn’t going to stop hiking because of Trump. There’s one thing that everyone at the Fed will stand up for — independence. If anything, a few of them will be more inclined to hike to show that they’re not being bullied.