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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