- Looks like US oil inventory data is going to be delayed again this week
- China state planner vice-head says no to flood-like stimulus
- Investment firm seeks to wind up Chinese property firm Evergrande
- S&P forecasts the Reserve Bank of Australia cash rate to 2.75% before cuts kick in
- Australian business confidence survey shows a second consecutive monthly decline
- Australian consumer confidence improved for a second consecutive week
- PBOC sets USD/ CNY reference rate for today at 6.6930 (vs. estimate at 6.6927)
- The Bullwhip Effect is getting some love from Big Short guy - Federal Reserve to cut rates
- US hostage affairs negotiator has travelled to Venezuela for discussions
- Largest pension fund on the planet is making a killing on the weak yen
- JP Morgan says recession is not its base case, risky asset classes could recover
- The ECB forum takes it up a notch on Tuesday, 28 June 2022 - Lagarde and Lane both speak
- G7 ban to have only a minor impact on gold (view via TD)
- HSBC: (some say) the best thing going for the EUR is that its not the USD
- An Oil ICYMI - Libya warned it may suspend some exports in the next 3 days
- Rating agency Moody's flags further Russian defaults still to come
- US crude in the Strategic Petroleum Reserve (SPR) has fallen to its lowest since 1986
- Former Russian President Medvedev having a bitch and whine about NATO
- Goldman Sachs says its hard to be bearish on EUR, momentous ECB policy change coming
- ICYMI - NATO announce massive troop build up to strengthen its eastern defenses
- EU Energy head: "serious disruption" to the Union's gas supplies from Russia is likely
- Trade ideas thread - Tuesday, 28 June 2022
- Forexlive Americas FX news wrap 27 Jun
Globex saw sharp selling of equity index futures in the US evening session. News flow was light only.
Across the FX space moves yen crosses were noticeable heavy. USD/JPY highs above 135.50 did not last long asn as I post its back circa 135.20. CHF, EUR, GBP, AUD, NZD, CAD are all little changed against the US dollar.
There was no market-moving data on the docket for the session here (later in the week we’ll get Chinese PMIs for the month along with a dump of data from Japan, stay tuned).
Ditto on the central bank front, nothing of note. The ECB Sintra summit continues during Europe time with Lagarde, Lane and Panetta all on the docket. Wednesday will be bigger, with Powell speaking.
Oil rose steadily, carrying on its Monday US time gains:
