Latest consumer inflation expectations released by the BOE The headline measures inflation expectations over the next 12 months. It’s a similar reading to the one measured in February – 2.9%. Details:
Forex news from the European trading session – 8 June 2018 Headlines: Markets: – JPY leads, AUD lags behind on the day – European equities lower, Italy MIB leads losses down 1.4%
Trump out with a tweet ahead of the summit meeting later He’s setting up a very aggressive tone ahead of the summit later. Following up from his earlier tweets this morning during the Asian session.
Nasdaq the weakest for the 2nd day in a row The US stock market is open and although the major indices have negative signs, they are not as low as implied by the pre-market futures.
Trudeau says “No”. Italy’s Conte say “Yes” Trump is on his way to the G7 summit and before leaving he spoke to reporters about fake news, and pardons and the G7 summit too. He remained adamant about unfair trade practice. and the prodding from Macron and Trudeau over the last 24 hours has certainly agitated…
GBPUSD moves lower on comments The GBPUSD is moving lower on the comments from Barnier. Technically, the price has moved below 100 hour MA at 1.33916, trend line at 1.3382, 100 bar MA on the 4-hour chart at 1.33749 and 38.2% at 1.33694. All bearish (see chart below)
Capacity utilization for 1Q
The unemployment rate comes in at 5.8% vs 5.8% expected Canada may employment change came in at -7.5 K versus 23.5 K expected. Lower than expectations.
23.5K net change of employment estimated The Canada employment data is due at the bottom of the hour: – Net change in employment 23.5K est vs -1.1K last month The 100 and 200 hour MA come in at 1.2952. A move below on a weaker number would be more bearish. The USDCAD is trading at…
Prior month revised to 216.8K vs 215.3K prior The Canadian housing starts are a disappointment coming in at 195.6K vs 220K expected. Below is the table of the changes.