Free Trial

Trade headline ping pong leaves market........>

FOREX
FOREX: Trade headline ping pong leaves market looking tired
-The will-they-won't-they nature of trade headlines continued to dominate
Thursday, with the latest missive from the South China Morning Post roiling
sentiment. The sources piece wrote that China are watching whether the US
President signs the Hong Kong bill, warning that it could become another barrier
to a trade deal. JPY traded well alongside the greenback.
-Elsewhere, CAD is the best performing major currency Thursday as the fireside
chat with BoC governor Poloz proved more noteworthy than many were expecting.
Contrasting with the dovish comments from BoC's Wilkins earlier this week, Poloz
stated that monetary conditions were "about right" helping to ease USD/CAD back
below the C$1.33 handle.
-Preliminary November PMI data takes focus Friday, with data due from Japan,
Eurozone countries, the UK and US. Canadian retail sales are also on the docket.
New ECB President Lagarde has her first fully fledged speech in her new job
role, which is followed by speeches from ECB's Weidmann and de Cos later in the
day.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.