Euro Far from Brutal
The big moves today were undoubtedly in equities. But the euro suffered a minor bump on the release of the minutes from last month's ECB Governing Council policy meeting, which revealed growing concerns with a possible overshoot in the value of the euro. Before we start speculating over when ECB policy makers may start jawboning the currency lower, it's worth reminding the times when and why the ECB warned over excessive euro strength. Full charts & analysis here.
Commodity currencies dominate a quiet Wednesday summer session as traders await this evening's release of the minutes from the Jul 26-27 FOMC meeting. Recall the dollar fell sharply on that day, partly due to escalating adversity between the White House and Washington as well as the Fed statement itself.
Read More...The war of words between Trump and Kim escalated Thursday and that sent a shudder through markets and a flight to safety that boosted gold near some key levels. The yen was the top performer while the kiwi lagged. US CPI is due on Friday. The Premium short on DAX30 was closed at 12010 for 220 pts, leaving other 2 indices trades in progress. The latest Premium video on the current and future trades is below.
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