White House hasn’t ruled out Canadian auto tariffs – CNBC

As reported by CNBC, The US Presidential administration is keeping potential auto tariffs in play while continuing trade negotiations with Canada, while the exact same trade strategy was used to force a "handshake agreement" out of the European Union's trade delegation to Washington ...

RBNZ meeting may offer fresh downside impetus for NZD – AmpGFX

Greg Gibbs, founder, analyst, & PM at Amplifying Global FX Capital Pty Ltd an Australian financial services company, explained that theRBNZ policy statement should maintain a neutral policy stance noting that it is “positioned to manage change in either direction – up or dow ...

GBP/JPY fighting to stay above 144.50

The Sterling comes out of the gate on the defensive as Brexit returns to the forefront. The early week sees a thin calendar for both the Pound and the Yen, leaving the pair exposed to broader market sentiment. The GBP/JPY paring is trading into recent bottoms, kicking around near 144.65 as th ...

Japan week ahead: preliminary GDP Q2 2018 to show moderate growth – Nomura

Analysts at Nomura offered their outlook for this week/s busy schedule for Japan in terms of economic data releases.  Key Quotes: "We expect the first preliminary GDP estimates for Q2 2018 to show moderate growth, but we see downside risks to overseas demand." June Family Income an ...

The EU will break its own rules if it doesn’t bend on Brexit – The Telegraph

According to reporting by The UK Telegraph, EU leaders in Brussels run the risk of violating its own laws if it refuses to make any compromises in Brexit negotiations, as warned by ministers involved in the trade negotiations. Key quotes "Senior Whitehall sources said last night that if the U ...

RBA may reveal doubts – AmpGFX

Greg Gibbs, founder, analyst, & PM at Amplifying Global FX Capital Pty Ltd an Australian financial services company, explained that the RBA policy statements next week may reveal little change in its policy outlook.   Key Quotes: "However, there is a risk that they soun ...

Saudi Arabia freezes all trade investment in Canada – Saudi Press Agency

According to the Saudi Press Agency, Saudi Arabia has halted the development of any further trade or investment with Canada, allegedly after Canada formally weighed in on Saudi Arabia's human rights record, specifically on the imprisonment of Samar Badawi, the sister of Raif Badawi, a blogge ...

Liam Fox: No deal most likely Brexit outcome for UK – BBC/Sunday Times

While Brexit headlines have been very 'noisy'of late, of the sense that the sentiment changes from one day to another and the uncertainties can be taken for granted as a negative for the pound, the weekend news came with a short article in the BBC that noted Liam Fox told the Sunda ...

Trade developments continued to drive headlines last week – Nomura

Analysts at Nomura explained that trade policy Trade developments continued to drive headlines last week as President Trump directed the USTR to raise the proposed tariff rate on $200bn in Chinese imports from 10% to 25%, escalating the ongoing trade dispute.  Key Quotes: "However ...

NZD/USD: below the 21-hr SMA, risks to the downside, 0.6720 on the table

Opening as 0.6743, NZD/USD has started out the day in early Asia with a bearish bias. NZD/USD has broken below the 21-hr SMA from the off which is located at 0.6740 and has made an opening low of 0.6734 so far.   NZD/USD has been subject to external dominating themes as the RBN ...

China Press: China shows ‘restraint’ with retaliatory tariffs – Reuters

As reported by Reuters, Chinese state-run media outlets are ramping up anti-US rhetoric, taking the stance that retaliatory measures against tariffs from the US are a measured response in the still-escalating trade war between the world's two largest economies. Key quotes "Late on Friday ...

China makes it more expensive to short CNY – ANZ

Analysts at ANZ Bank New Zealand Limited ("ANZ") explained that the big news comes with the PBoC re-instating a 20% reserve requirement on some trading of FX forwards – a move akin to that on 1 September 2015 to help stem CNY declines after the August devaluation.  Key Quotes ...

EUR/USD: range-bound with a downward bias – Nordera

Analysts at Nordera research offered some FX quickies for those of a tactical persuasion. Key Quotes: "EUR/USD: range-bound with a downward bias. Wedge broke lower as a result of Italian politics. If 1.1510 doesn’t hold, 1.1448 is next. Below that the next support level i ...

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