News
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USD/CNH: Increasing momentum suggests USD may rise – UOB Group
US Dollar (USD) is expected to trade in a range between 7.1730 and 7.1880 against Chinese Yuan (CNH). In the longer run, increasing momentum suggests USD may rise, but it is too early to expect 7.2000 to come into view, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Jul 11
Oil falls while natural gas rallies – ING
Oil prices came under pressure yesterday with ICE Brent settling more than 2.2% lower, taking it back below US$70/bbl. This morning, prices have recouped some of this decline after President Trump said he plans to make a “major” statement on Russia on Monday.Fxstreet
Fri, Jul 11
German upper house of parliament approves $54 billion corporate tax relief package
German upper house approves 46 billion euros tax relief packagePackage aims to boost economy, facing potential third year of contractionIncludes depreciation options, corporate tax cuts and incentives for electric carsBy Maria MartinezBERLIN, July 11 (Reuters) - The German upper house of parliament ...Reuters
Fri, Jul 11
ECB's Panetta: Should continue easing policy if downside growth risks reinforce disinflation
European Central Bank (ECB) executive board member Fabio Panetta argued on Friday that the ECB should continue to ease the monetary policy if downside growth risks reinforce the disinflationary process, per Reuters.Fxstreet
Fri, Jul 11
Fed’s Goolsbee: Do not understand arguments Fed should cut rates to make government debt cheaper
Chicago Federal Reserve (Fed) President Austan Goolsbee said on Friday that he “does not understand arguments the Fed should cut rates to make government debt cheaper, mandate is on jobs and prices.”Fxstreet
Fri, Jul 11
WTI moves above $66.00 due to prospect of potential US sanctions on Russia
West Texas Intermediate (WTI) Oil price retraces its more than 2% losses registered in the previous session, trading around $66.10 per barrel during the Asian hours on Friday. Crude Oil prices receive support from rising geopolitical risk premiums, driven by potential supply concerns.
Fxstreet
Fri, Jul 11
GBP/JPY moves below 199.00 as UK GDP falls against expected expansion
GBP/JPY edges lower as the United Kingdom (UK) economy declines in May, remaining in the positive territory and trading around 199.20 during the Asian hours on Friday. The UK Gross Domestic Product (GDP) declined 0.1%, following a 0.3% drop in April, against the market consensus of 0.1% growth.
Fxstreet
Fri, Jul 11
