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Monday's FxBrief

|Includes:ELEMENTS Australian Dollar (ADE), BEO, BEP, CNY, ERO, EWA, EZU, FEZ, FXB, FXC, FXE, FXF, FXY, GBB, GLD, GRE, JYF, JYN, NFP, SPY, SPY, UDN, USD, UUP, VCR, XLY, YCL, YCS


 

  • G20 meeting failed to surprise anyone as participants talked about reducing debt in each of the respected nations. The G20 made a bold statement by announcing to cut their combined deficits by at least a half. By the end of 2016, G20 promised to reduce their debt-to-GDP ratios.
     

  • The Euro fell to the lowest level against the Swiss Franc as disappointing inflation figures in Germany put more pressure on the fiber. German CPI slipped to 0.9% in June showing more robust deceleration of a price growth.
     

  • Japanese consumers continue to have their wallets tight. Retail Sales in May showed a timid growth of 2.8% compared to 4.8% anticipated. A gradual change of economy into consumer oriented compared to export dominated may have to wait a long time before the transformation.
     

  • Business Confidence in New Zealand slipped to 40.2 from 48.2 in June suggesting that a raise in the interest rates may body negative for the economy for a near term future.
     

  • In the United States spending rose at a pace of 0.2% in May which is a positive sign amidst revision of the Gross Domestic Product on Friday. Personal Income relatively stayed flat printing at 0.4% compared to expectations of 0.5%.
     

  • Personal Consumption Expenditure, a key gauge for inflation for the Federal Reserve, trickled upwards to 1.9% suggesting there are some price pressures. Nonetheless, the Federal Reserve is likely to main the interest rate at bay for a prolonged time as inflation is exactly within the comfort zone.
     

  • For the remainder of the day will be guided to positioning of traders who are anticipating a sway of relevant economic news.


 



Disclosure: No Positions
Stocks: ADE, BEO, BEP-RETIRED, CNY, ERO, EWA, EZU, FEZ, FXB, FXC, FXE, FXF, FXY, GBB, GLD, GRE, JYF, JYN, NFP, SPY, SPY, UDN, USD, UUP, VCR, XLY, YCL, YCS