The Reserve Bank of Australia monetary policy decision and statement due Tuesday 3 July 2018 – Coming up at 0430GMT I have posted previews prior, here:
EUR/USD stays above the hourly moving averages And that keeps the near-term bias siding with the buyers, although there is still a lack of momentum to the upside today. The low for the day touched 1.1626, near the 200-hour MA (blue line) @ 1.1625 while the 100-hour MA (red line) lurks nearby at 1.1622.
Guess someone is starting to buy into the dollar story now The firm cuts its EUR/USD forecast to 1.24 from 1.28 previously, while the GBP/USD was cut to 1.41 from 1.45 previously. This of course are forecasts for the end of 2018 or Q4 2018.
According to a report by Axios The report some unnamed administration officials, and says that the two may be set to meet in New York. Well, let’s hope that Round 2 is a more lively one after the first summit in Singapore surely failed to live up to the hype – at least in the
Politics and negative investor sentiment weigh on risk assets on the day There has been little action in the market in the last hour as the market looks to suffer a bit of hangover after the earlier moves in the day. But the dollar and the yen are the main beneficiaries so far in trading…
Latest data released by Eurostat – 2 July 2018 The labour market continues to tighten in the Eurozone, and last month’s figure was revised as lower as well. Now, if only all this will translate into wages.
US manufacturing data for June
Comments from Mexican presidential election winner Lopez-Obrador Lopez-Obrador, known as AMLO, won 53.6% of the vote, crushing the second place winner who had 22.6%. Trump said he intends to hold off on signing a NAFTA deal until after the US midterm elections.
Tests trend line on the daily A long trend line on the daily chart of the GBPUSD cuts across at the 1.3118 level. That trend line was broken on Thursday last week, moved back above on Friday and today the old line is being tested now. The low just reached 1.31154 and bounced. We currently…
Migrants threatening Germany’s government Germany’s interior minister threatened to resign on the weekend as the three-and-a-half month old coalition heads for a potential split.