According to a survey by DIHK aka Association of German Chambers of Industry and Commerce The irony of the survey is that it was conducted in February, before the US imposed tariffs on steel and aluminium. So, if they were already facing tough times with trade prior to the tariffs and experiencing slower exports, what…
Lega leader Matteo Salvini with some comments Salvini is pleading to Forza Italia and Five Star Movement to “stop bickering” or else a new election will have to be held again.
A light one on the calendar today A little update to Eamonn’s post earlier. No other significant ones of note for the other currency pairs. Some decent sized ones for EUR/USD as mentioned before that should keep the pair contained for the time being. Barrier option still running at 1.2600 for the pair too.
Reaffirms ‘A+/A-1’ ratings That should at least put a smile on Abe’s face for about a second as he continues to deal with the political backlash on the local front. But the upgrade is much welcome by Japan as it bolsters investor confidence surely.
Latest data released by Eurostat – 13 April 2018 Not the most critical of data points as we already had and figures released earlier in the month – and they account for the majority portion of the Eurozone economy.
Comments by an unnamed PBOC official With reference to the credit growth data earlier . here The miss on estimates in the data earlier and the decline in M2 continues to highlight the effect of the crackdown on shadow banking by Chinese authorities. Credit growth is slowing – which is a measurement of China’s efforts…
Forex news for the European trading session – 13 April 2018 Economic data: Headlines: Others: – AUD leads on the day, JPY lags behind – European equities mildly higher, US equity futures similar
Looks like talks today went pretty poorly as the political gridlock continues Pretty much what is expected following Salvini’s comments earlier. Another election maybe?
ING views that the Eurozone will show some moderation in 2018 The rhetoric that the Eurozone has peaked at the end of last year gains further traction and the slowdown in Q1 this year is part of that too.
Comments by Russia’s foreign minister, Sergei Lavrov No new developments still so far, as Russia tries to tone down the heightened rhetoric from the US and its allies.