EURUSD 1.1766 |
USDJPY 112.88 |
GBPUSD 1.3123 |
AUDUSD 0.7253 |
USDCAD 1.2952 |
GBPJPY 148.14 |
EURJPY 132.83 |
AUDJPY 81.87 |
CADJPY 87.13 |
Silver 14.27 |
Clashing Trade, Brexit & Fed
President Trump's tariffs on China have taken effect on the week when the Fed meets to raise rates for the 3rd time this year and speculation mounts on whether UK voters may be called up again as talk about a second referendum or a snap election will be the way to go. CFTC positioning showed big moves in GBP and AUD. There are holidays throughout Asia to start the week, while Germany's IFO sentiment survey emerged slightly better than expectations. ECB president Mario Draghi indicated today “relatively vigorous” pickup in Eurozone inflation, further bolstering chances that ECB will begin raising rates next year after it concludes its QE program in December. A new USD trade has been issued to Premium subscribers, supported by 2 charts.
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ECB Scenarios
The ECB decision is at 1145 GMT (12:45 London), but it's a foregone conclusion that interest rates won't change. Instead, focus on messaging and press conference 45 mins later.
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21-yr Intermarket Charts - 7 indices 11 currencies 14 commodities
Interactive charting by instrument, chronological and alphabetical order. This enables organizing each individual commodity, currency or equity index' performance by magnitude or chronological order.
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