MEXICO: BBVA’s Consumption Indicator Falls Further In July
Aug-14 17:31
- BBVA’s Mexico consumption indicator extended its slowdown into the second half of the year, falling by another 1.3% m/m in July, due to weakness in the goods component and stagnant services spending. They note that slow momentum in private consumption is materialising in an environment of high uncertainty related to US trade policy and lower growth in real wages.
- The 2.3% m/m drop in goods spending reflected a drop in spending on food and consumption of healthcare goods. In the services sector, meanwhile, tourism indicators painted a mixed picture, with spending on hotels edging higher, but spending in restaurants falling sharply.
- Overall, BBVA expects domestic demand to show modest growth in the coming quarters, with a slow performance in consumption and investment, and the external sector experiencing higher volatility due to the lack of clarity regarding the final framework for the terms of trade with the US.
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GBPUSD TECHS: Trades Through Trendline Support
Jul-15 17:30
- RES 4: 1.3835 High Oct 20 2021
- RES 3: 1.3800 Round number resistance
- RES 2: 1.3681/3789 High Jul 04 / 01 and the bull trigger
- RES 1: 1.3572 20-day EMA
- PRICE: 1.3391 @ 16:32 BST Jul 15
- SUP 1: 1.3375 Low Jul 14
- SUP 2: 1.3371 Low Jun 23 and a key short-term support
- SUP 3: 1.3335 Low May 20
- SUP 4: 1.3245 Low May 19
A softer short-term tone in GBPUSD remains in place and this week’s move down marks an extension of the current corrective bear leg. The pair has breached both 20- and 50-day EMAs, exposing trendline support at 1.3430. The trendline - drawn from the Jan 13 low - has been pierced, a clear break of it would strengthen a bearish threat and expose 1.3371 initially, the Jun 23 low. Initial firm resistance to watch is 1.3681, the Jul 4 high.
MNI EXCLUSIVE: A Look At Fed System Reform Under A Possible Warsh Fed
Jul-15 17:22
MNI reports on Fed system reform under possible Warsh Fed -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
US: Headlines From President Trump Detailing 19% Tariff on Indonesia
Jul-15 17:05
- "TRUMP: INDONESIA WILL PAY 19 PCT TARIFF AND WE WILL PAY NOTHING"
- "WE WILL GET FULL ACCESS INTO INDONESIA"
- "SIMILAR DEALS ARE IN THE WORKS" - Reuters
