The USDJPY traded higher but then back down after announcing a trade deal with the US which includes a 15% tariff on Japanese goods coming into the US. The EURUSD is modestly lower after rising sharply the first two days of the week. The GBPUSD is stepping higher and continuing its move to the upside … Read more
EU retaliatory preparation is a negotiating tactic We are in a good place with China, can move on to bigger talks On whether EU can get 15%, said Japan was innovative The 15% for Japan autos is a different kind of deal Don’t want China de-coupling, want supply de-risking There’s nothing new here and we … Read more
Wake me up when September ends comes. That is going to be what sums up the ECB policy decision tomorrow. With the deposit rate now at 2.00%, the central bank is comfortable with leaving it at just that. Policymakers had previously communicated that this is within the neutral range estimates, seen between 1.75% to 2.25%. … Read more
Equities are continuing to stay upbeat in European morning trade, with S&P 500 futures seen up 0.4% currently. Meanwhile, European stocks are also surging today in erasing the weekly losses from the past two days. The DAX is up 1.1% while the CAC 40 is up 1.6% on the day. This comes after the US … Read more
Fundamental Overview The Nasdaq Composite maintained its upward trajectory following lower than expected US inflation figures and strong US activity data. This positive growth impulse without concerning inflation developments (as of now) is keeping the upside intact given the lack of bearish drivers. Looking ahead, we have the August 1 tariff deadline that might keep … Read more
Eurostoxx +1.1% Germany DAX +1.0% France CAC 40 +1.2% UK FTSE +0.4% Spain IBEX +0.3% Italy FTSE MIB +1.1% The jump here nearly erases the losses in the past two days as European stocks look to bounce back strongly. Trade negotiations between the US and EU are still key but at least for broader markets, … Read more
German DAX futures +1.1% UK FTSE futures +0.5% Does this give hope for the EU to also strike a deal before the 1 August deadline? I’m afraid the circumstances are a bit different. Japan prime minister Ishiba was a lame duck after the upper house election loss and this deal was his last ditch attempt … Read more
Will reflect trade agreement in next economic outlook report Uncertainty remains on tariffs impact towards the economy There is always upside, downside risks to the outlook Trade deal reduces uncertainty for Japan’s firms But will need to monitor downside risks to the economy This article was written by Justin Low at investinglive.com. fbs.mobi
!“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Looking for the old ForexLive news feed? Click here fbs.mobi
Bank of Japan Deputy Governor Shinichi Uchida spoke earlier. Posts are here: Bank of Japan deputy governor Uchida: Japan’s economy has recovered moderately More from Bank of Japan Deputy Governor Uchida More again from Bank of Japan Deputy Governor Uchida – CPI to dip then rise Uchida’s comments were extensive (three posts on them!), but … Read more
