Frankfurt opening news digest
|ZTE shares spiked more than 20% after the US government announced the Chinese company will soon clear the last major hurdle to removing a crippling ban.|
|Hints that US and China could be heading for trade negotiations next helped send Asian benchmark indexes higher. AUD/USD eyes a potential US CPI beat|
|France Inflation ex-tobacco (MoM): 0% (June) vs previous 0.5%|
|France Consumer Price Index (EU norm) (MoM) below forecasts (0.1%) in June: Actual (0%)|
|France Consumer Price Index (EU norm) (YoY) came in at 2.3%, below expectations (2.4%) in June|
|The US President Trump is on the wires now, via Twitter, speaking about the US-Europe trade relations ahead of the North Atlantic Treaty Organization|
|The sentiment around the European currency remains depressed so far this week, with EUR/USD now navigating a narrow range between 1.1680 and 1.1660.|
|Analysts at Danske Bank, notes that in UK, Brexit-related government unrest continues to linger.
“Yesterday, sources suggested that EU of
|The UK government publishes its Brexit “white paper” today, laying out in full detail the proposals behind last week’s 3-page Chequers agreement, poin|
|FX option expiries for July 12 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
EUR/USD: EUR amounts
|Sonia Meskin, US Economist at Standard Chartered, notes that the US announced further possible tariffs of 10% on roughly USD 200bn worth of China impo|
|Germany Consumer Price Index (MoM) in line with expectations (0.1%) in June|
|Germany Consumer Price Index (YoY) in line with expectations (2.1%) in June|
|Germany Harmonized Index of Consumer Prices (MoM) meets forecasts (0.1%) in June|
|Germany Harmonized Index of Consumer Prices (YoY) meets forecasts (2.1%) in June|
|According to reporting by Reuters, the US Federal Reserve are on the hunt for new signals from financial markets that are accurate enough to deliver r|
|GBP/USD Chart, 15-Minute
|The escalation of the trade dispute has remained in focus even in the absence of any new material developments, according to analysts at Danske Bank.|
|Analysts at TD Securities are looking for Sweden’s CPIF to come in at 2.3% y/y in in June (mkt 2.1%), which is a tenth below the Riksbank’s forecast f|
|Forex Today breathed a sigh of relief in Asia this Thursday, with risk-recovery emerging the main theme, as the dust settled over the US-China trade w|
|Markets will continue to focus on the escalating US-China trade war and UK politics, according to analysts at Danske Bank.
“ECB minutes t
|Analysts at TD Securities point out that ECB minutes from the Governing Council’s June meeting are released today, and are expected to reveal further|
|After the positive surprise sprung by Germany’s IP, and the solid m-o-m increase in Spanish production, analysts at Nomura expect euro area IP to incr|
|The EUR/JPY pair rose to 131.19 in Asia – the highest level since May 22 as the Japanese Yen continued to track other Asian currencies lower.
|EUR/USD Chart, 15-Minute
|Analysts at TD Securities point out that the ECB’s June policy meeting yielded an announcement on QE tapering and a commitment to keep policy rates at|
|Analysts at Rabobank note that the Bank of Canada raised the policy rate 25bp to 1.50% as was widely expected, while maintaining a cautious tone.
|Singapore Retail Sales (MoM) increased to 0.1% in May from previous -0.2%|
|Singapore Retail Sales (YoY): 0.1% (May) vs previous 0.4%|
|Analysts at Nomura note that on the heels of the recent reserve requirement ratio (RRR) cut from PBoC, which came into effect on 5 July, there have be|
|According to analysts at TDS, the Bank of Canada followed through on a widely expected 25 bp hike while the statement portrayed an upbeat tone, emphas|
|The USD/JPY pair crossed the three-year-long falling trendline with strength on Wednesday and rose to a six-month high of 112.38 in the Asian session|
|USD continues to stand tall as it enters its fourth consecutive day in gains. The US Dollar index, an index measuring the strength of the USD against a basket of currencies rose to 94.79 earlier this morning after starting this week at 93.97.|
Q: What are Mcdonald’s employees now asking customers?
A: Can you afford fries with that?
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Have a nice trading!