Private meeting with Trump delayed A French official in President Macrons office is speaking on G7: Finally, the private meeting between Trump and Macron has been delayed to 5:40 PM.
The pot continues to be stirred The UK, Canada and France have come in against. Italy is onboard to the idea. That leaves Germany and Japan yet to weigh in.
The newest member of the G7 moves to the middle of the tariff debate The newest member of the G7, Italian’s PM Giuseppe Conte is happy with taking a moderate position with regard to tariffs:
Trades at NY session highs The EURUSD was under pressure in the Asian and London morning session. That pressure took the price to and through a trend line. The break of the line, did not last long, however, and the trend line was reestablished. The fall also failed to reach the 100 bar MA on…
I don’t know if it replaces the formal comminique, but headlines are not calling it a communique The draft summit commitment says:
CFTC commitment of traders highlights for the week ending June 5, 2018 The largest positions remain in the EUR and the CHF. The net EUR position is still long a fairly hefty 89K. The EURUSD has tried to correct this week, giving the shorts some reprieve
EU agrees that Russia should not be allowed to join G7 yet She added:
According to the Washington Post “Chinese “government hackers” have compromised the computers of a Navy contractor, stealing massive amounts of highly sensitive data related to undersea warfare – including secret plans to develop a supersonic anti-ship missile for use on U.S. submarines by 2020″
Speaks on Brexit and G7 UK’s May is in Canada and weighing in on Brexit and G7. On Brexit: On G7:
The jobs were not great but the wages impress the market The USDCAD trades near the lows for the day and is also close to a triple bottom on the hourly chart from yesterday’s trading at 1.2935. The low today just reached 1.2936 so far. A move below, would also take out the 38.2% of…