The passing of the baton for the presidency of the New York Fed
There will be a couple of Fed speakers to come later today, so let’s see what they will be speaking on and whether or not we may expect any monetary policy comments to come.
Will the BoE be able to thread the needle?
currency collapsed on forex on Thursday by more than 2% to 1.1560 USD after the
ECB comments, demonstrating the sharpest fall since the Brexit two years ago.
Most observers notice that lack of desire to raise the rates for the next year
is the main reason for it. Taking
According to Bloomberg
That should be a relief for oil as the increase in the output isn’t as much as anticipated earlier. WTI now moves to $64.63, near the highs for the day on the back of the headline.
Latest data released by Istat – 18 June 2018
Slight delay in the data release by the source. Not a substantial release as we already had Eurozone figures last week.
Latest data released by the Swiss National Bank – 18 June 2018
Prior week’s release can be found .
A slight increase in domestic deposits last week, but overall little changed. Nothing much to gather from the release here.
Ahead of the Bank of England’s next policy meeting which will begin on Wednesday and conclude on Thursday, FX traders appear wary of keeping the Pound Sterling propped up.
Washington’s announcement on Friday to implement tariffs on $50 billion of Chinese goods has continued to pressure markets and worry investors.
JPY leads the way heading into the European trading session
The yen is the silent beneficiary from the lack of headlines and data to start the day/week, with Asian equities dragged lower on the back of trade war jitters between US and China and Treasury yields also seeing some flows as a result of that.
WTI is down 2% on the day to $63.73, touching its lowest levels since April
It’s a big week for oil with all the focus set on the OPEC and non-OPEC meetings in Vienna. a calendar of events in case you missed it earlier.
The Japanese yen is the lead gainer so far today
Moves have been light, but the yen is benefiting at least from the trade tensions between US and China from Friday. The tit-for-tat battle between the two is making for some poor performances in Asian equities and US yields are also a little lower – both