Frankfurt opening news digest
|The Yen may fall as negotiators from the US and Japan reach a deal avoiding an increase in auto import tariffs, stoking optimism across financial|
|A rally in the Shanghai Composite led the sentiment-linked Australian Dollar up. Meanwhile, the recent rise in USD/PHP may be at risk on a hawkish|
|Renters reports key comments delivered by the Reserve Bank of New Zealand John Assistant Governor McDermott in an interview on Thursday.
RBNZ was wor
|• Slight improvement in risk-appetite prompts some short-covering move.
• Further gains remain capped amid escalating US-China trade tensions
|Analysts at Nomura note that China’s CPI inflation edged up by 0.2pp to 2.1% y-o-y in July (Consensus: 2.0%; Nomura: 1.8%; Figure 3), slightly higher|
|The latest survey conducted by the Royal Institution of Chartered Surveyors’ (RICS) showed that the UK house prices rose in the month of July, as pric|
|Analysts at TD Securities explain that while money managers braced for a trade war between the world’s largest economies, China’s trade data pointed t|
|The GBP/USD is seeing some hesitation near the 1.2880 level as the European market session gets underway, and traders are unsure of which direction to|
|Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are|
|Denmark Current Account climbed from previous 10.5B to 11.3B in June|
|Norway Credit Indicator down to 5.8% in June from previous 6%|
|The European currency is struggling for direction on Thursday, taking EUR/USD to the 1.1600 neighbourhood ahead of the opening bell in Euroland.
|FX option expiries for Aug 9 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
– EUR/USD: EUR amounts
|Switzerland Unemployment Rate s.a (MoM) meets forecasts (2.6%) in July|
|Analysts at Nomura note that China’s PPI inflation edged down 0.1 percentage points (pp) to 4.6% y-o-y in July (Consensus and Nomura: 4.5%), above its|
|GBP/USD Chart, 15-Minutes
|According to the latest Bloomberg survey of 42 economists, a majority of them see the Bank of Japan (BoJ) making changes to its monetary policy settin|
|Analysts at TD Securities expect BSP to hike by 50bps, as does the market in its policy meeting today.
“BSP governor Espenilla has stated
|Fx today witnessed an eventful Asian session thus Thursday, with the Kiwi having emerged the weakest while the Yen was the top gainer, despite the ris|
|The AUD/USD is trading into 0.7435 heading through Thursday’s trading after being propped up by better-than-expected inflation figures from China, and|
Current Price: $72.46
Daily High: $72.57
Daily Low: $72.19
R1: $72.49 (June 18 low)
R2: $73.20 (5-d
|Analysts at Danske Bank suggest that with another quiet day on the economic data front, the market will focus on geopolitical developments around Russ|
|The battered Chinese yuan (CNY) could regain some ground against the dollar and appreciate over the next year, but only if the Sino-US trade tensions|
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