The biggest event over the weekend was the Italian Constitution Amendment Vote which came out as a failure, and a big impact for Italy’s politics and the rise of the yet another nationalist movement. This of course pressured EUR tremendously.
Then in London session, the service PMI from European countries were all in line or positive, with GBP service PMI above 55 as well.
The ISM manufacturing PMI from USD was also positive.
We’ll have AUD cash rate and statement later tonight.
Sentimentally, WTI broke above $52 but was not able to closed above. The equity markets closed high today.
-EUR strength after Italy referendum due to large expectation from traders
-USE lost strength due to overextension
-CAD lost momentum due to momentum loss in oil market
-Supreme court battle by UK government
-ECB bond extension likely for 6 months; announced on Thursday
-Oil retreats on doubts OPEC cuts can ease oversupply
-Prime Minister of New Zealand quitted
The biggest event over the weekend was the Italian Constitution Amendment Vote which came out as a failure, and a big impact for Italy’s politics and the rise of the yet another nationalist movement. This of course pressured EUR tremendously.
Then in London session, the service PMI from European countries were all in line or positive, with GBP service PMI above 55 as well.
The ISM manufacturing PMI from USD was also positive.
We’ll have AUD cash rate and statement later tonight.
Sentimentally, WTI broke above $52 but was not able to closed above. The equity markets closed high today.
-EUR strength after Italy referendum due to large expectation from traders
-USE lost strength due to overextension
-CAD lost momentum due to momentum loss in oil market
-Supreme court battle by UK government
-ECB bond extension likely for 6 months; announced on Thursday
-Oil retreats on doubts OPEC cuts can ease oversupply
-Prime Minister of New Zealand quitted