USD/JPY now in negative territory Gains in USD/JPY were wiped out after China’s Commerce Ministry said it will have to take further measures to respond to US tariffs on steel and aluminum. The pair fell to 112.71 from 112.95 on the headlines.
Comments by China’s commerce ministry here ForexLive
UK PM May is debating with Corbyn in the Commons right now ForexLive You can watch it live . here
Latest data from the Mortgage Bankers Association for the week ending 13 July – +2.5% – Purchase index 247.9 vs 261.5 prior – Market index 363.3 vs 372.6 prior Not a data point that offers all too much as mortgage activity slowed down last week. The market index falls to its lowest since the week…
Oil at the best levels of the day Broad commodities are lower but oil is higher on the day despite a big surprise build in US inventories. That’s weighed on USD/CAD to send it down to 1.3188 from as high as 1.3260 earlier today.
Forex news from the European trading session – 18 July 2018 Headlines: Markets: – USD leads, GBP lags on the day – European equities mostly higher – Gold down 0.38% to $1,222.88
Trump to take questions from a non-FOX broadcast An interview with Fox Business’ Maria Bartiromo earlier this month was a bit of a joke because of the softball questions and friendly tone. Conversations this week with Sean Hannity and Tucker Carlson were similarly friendly but Trump faces a tougher test today when he will do a sit…
Boris Johnson set to make a statement on his resignation later ForexLive
Yields mixed today The European stocks are closing for the day, and the major indices are ending in the black. Lower currencies seem to be helping as the GBPUSD reached a 10 month low. The EURUSD remains confined in a 2-month low, but is near the lows
There are two sides to the coin on the recent softness in inflation ForexLive Core inflation has now fallen to just under the BOE’s target of 2%, but as long as it doesn’t fall further than that it should give comfort for the central bank to raise rates come August – and given that this…