Latest data from the Mortgage Bankers Association for the week ending 29 June Slight dip in mortgage data on the last week, nothing out of the ordinary. The market is already in 4th of July mood and UK workers/traders are probably out in the pubs celebrating England’s quarterfinal berth for the first time since 2006.
Comments by China’s finance ministry China reiterating that they won’t be the first to act when it comes to implementing tariff measures and that the first move depends on the US. As with the case, China is expected to announce retaliatory measures against the US once the 6 July tariffs kick into place.
Comments by the Russian government Trump and Putin are due to meet in Helsinki on 16 July in a supposedly one-to-one meeting. But the Kremlin is out now saying that the situation on the global oil market is unlikely to be a main issue on the agenda when the two meet.
GBP/USD rises to a high of 1.3207 after the UK services and composite PMI beats The data release was a solid one as the services print comes in at the highest since October last year. If anything, it doesn’t take away from the fact that the BOE could still possibly raise rates later this year.…
Latest data released by Markit/CIPS – 4 July 2018 Those are solid readings, and sterling is jumping on the back of the positive data beat here. The services print hits a 8-month high and looking at the details, we’re seeing new business component rise to a 13-month high while the all-sector PMI reading is the…
The greenback bounces higher on the day I’m not seeing or hearing of any reason for the jump here apart from possibly thin trading, but the move could be sparked by some technical levels too. The dollar index tested just under the 94.50 and ran into support from the 22 June low and bounced thereafter.
I posted an earlier preview here: Data due at 0130GMT July 4 2018 Trade balance for May 2018This via NAB, looking for a surplus well below the median estimates (bolding mine):
Exports and imports data due at 0130GMT on 4 July 2018 from Australia Trade balance for May 2018 – expected AUD +1200m, prior AUD + 977m Preview via Westpac, bolding mine:
Various bits and pieces due today including retail sales and trade balance from Australia and also some BOJ QQE action (JGB buying operation scheduled) 2200GMT New Zealand ANZ job ads for June, prior +2.2% m/m
Welcome to the July the fourth holiday … with a catch: its only a US holiday, so no slacking off elsewhere, K? Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: