Seehofer with more. – Wants to avoid Merkel government collapse Says he will stay in politics if his party back down on its migrant stance which has set it at odds with Merkel.
Trend line broken at 110.69. The USDJPY is trading at a new session high and in the process is moving above a trend line on the daily chart at 110.69. That trend line connects highs from November 2017, May 2018 and June 2018. Staying above is more bullish.
Consumer sentiment from the University of Michigan A tad on the soft side but still at very healthy levels.
Macron in Brussels The immigration deal was behind the jump in the euro in Asia-Pacific trading.
Highlights of the Bank of Canada’s Q2 2018 business outlook survey Survey data: Looking at the details here, this is much more bullish than the initial headline. The BOC is going to hike on July 11 unless there is a major surprise between now and then.
Key business survey from the Bank of Canada The Bank of Canada loves its business outlook survey. The Q2 edition is due out at the bottom of the hour and features survey data on future sales, investment and the overall outlook.
Forex news for NY trading on June 29, 2018 In other markets: – Spot gold is trading up $4.90 or 0.30% at $1253.14. Last week, the price closed at $1270.56 For the month, the price is down from $1298 In the US stock market today:
Major indices up marginally on the day The major US indices are ending the day positive but well-off high levels: For the week: Today was also the end of the 2Q. For the quarter:
Trump spoke with the Saudi king Trump wants two things: Sanctions on Iran and low oil prices. Unfortunately for him, those two things don’t go very well together. Fortunately, Saudi Arabia is Iran’s sworn enemy and may be willing to blow up OPEC and turn on the taps in order to keep in Trump’s favor.
CFTC commitment of traders highlights for the week ending June 26, 2018 The what this position change in the current week was in the Canadian dollar. Shorts in the loonie increased by 19K. This week saw the CAD strengthen at the end of the week after moving to lowest level since June 2017. That