FX News Today
- Mixed session on Asian stock markets.
- Japan’s central bank: “We won’t rule out further easing measures.”
- US-China trade talks resume for an extended second week in Washington after terminating in Beijing last week with “progress” but without resolution.
- In Europe, Trump’s threat of auto tariffs and Brexit talks dominate ahead of tomorrow’s Fed minutes.
- President Trump has 90 days to decide whether to act on the probe into whether imported vehicles pose a national security threat.
- AUDJPY has been the biggest mover in a day of directionally challenged markets, as participants wait on progress from the US-China trade talks.
- Cable has lodged back above 1.2900.
- Crude Oil prices meanwhile are trading close to three-month highs.
Charts of the Day
Main Macro Events Today
- German ZEW Investor Sentiment – A slight improvement is expected, to -14.0, which is actually a tad more pessimistic than Bloomberg consensus, which expects a rise to -13.5 from -15.0.
- UK Unemployment – Unemployment rate is expected to come in unchanged at the multi-decade low 4.0%
- UK Average Earnings – The average household income is anticipated to rise 3.5% y/y in the three months to December, up from 3.3% in the month prior, which would be a new cycle high for this metric.
Support and Resistance
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Andria Pichidi
Market Analyst
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