Trump and Xi will be having their formal meeting next month and Chinese sources are suggesting a breakthrough could occur. The improvement in risk sentiment could push gold lower in the short term.
With Canada’s economy going strong, Governor Poloz may continue to monitor data and keep rate cuts on the table. CAD/JPY could rise but further upside could be limited.
We heard a rumour that there is a recipe for disaster. Ingredients that can produce an unfavourable result if used by anyone. Most people – if not all – have made habits of them without even realising it.
Governor Lowe kept rates unchanged as it awaits further insights from economic data before slashing rates again. EUR/AUD could head lower.