Mueller, Retail Sales & China Deal
| Core Retail Sales (m/m) | Apr 18 12:30 |
We'll find out today why US Special Counsel Mueller declined to make a decision on whether to charge Pres Trump with obstructing justice after a 2-year investigation. As for the China story, Trump said there will be a “very big spike” in markets when a China trade deal gets done. But as markets showed Wednesday, that's may not necessarily be the case. GBP ignores stronger than expected UK retail sales. Euro drops across the board on a series of a disappointing Eurozone PMIs. Canada and US retail sales are due at 1230 GMT/13:30 London. Ashraf sent me this chart suggesting that gold will need to stabilise then rally vs copper in order for indices to make any meaningful pullback.
New Index Trade
With 2 charts & 5 supporting notes
صفقة جديدة للمشتركين يرافقها ٥ ملاحظات بالعربي داخل المخططات
دعونا نفحص الجنيه الاسترليني دون ذكر موضوع البريكست ـ خروج بريطانيا من الاتحاد الأوروبي. يوضح الرسم البياني أدناه سبب كون الجنيه البريطاني أفضل العملات أداءً منذ بداية العام بين أكبر عشرة عملات في السوق من حيث حجم الاقتصاد . التحليل المفصل
Read More...Commodity currencies finally breath sigh of relief after better than expected China Q1 GDP helping oil to new highs for the year. UK CPI held at 1.9% y/y in March, while Eurozone CPI held at 1.4% in the same month. Canada CPI follows next. Let's talk about the UK but not Brexit. And here's a chart of the UK's economic surprise index versus the rest of the major markets, helping to explain why GBP is the best performing currency year-to-date. Currencies focus on flow and expected rate of change.
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