The divergence in monetary policy between ECB and RBNZ will widen as ECB is expected to set the stage for a September rate cut and resumption of QE. EUR/NZD could dive further.
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Fed is still expected to cut rates even though retail sales surpassed market expectations. Long NZD/USD?
There are lots of strength in China’s GDP data even as it slows to decades low, buy AUD/USD
Both Powell’s testimony and Bank of Canada’s monetary policy announcement are happening tonight. We should expect huge volatility in USD/CAD.
If all the presidents want a rate cut, shorting its currency would be ideal before its meeting; short dollar during Powell’s speech this week.
Traders are buying stocks as tension between China-US ease, buy USD/JPY?
Editor's Note: This blog post was posted on June 28, 2019 and was updated for accuracy and comprehensiveness.
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