Reuters cites an Iranian official speaking on the nuclear deal issue, as Iran and other world powers meet in Vienna today to discuss on the way forward on the nuclear, following the US’ exit from the deal. Fully prepared for a collapse in the nuclear deal. Calls on other powers to take specific measures to

Cautious amid ongoing US-China trade row. Awaits fresh impetus from the US NFP and rigs count data. WTI (oil futures on NYMEX) extends its choppiness into the European session, fluctuating between gains and loses around the $ 73 handle, as markets weigh in the consequences of the US-China trade war. The black gold lacks direction,

   •  A modest recovery attempt, led by US ISM PMI and FOMC minutes, quickly runs out of steam.    •  Escalating US-China trade war fears exerts some fresh downward pressure on Friday.    •  Investors focus shifts to the keenly watched US monthly jobs data for some fresh impetus. The greenback, as measured by

China’s Premier Li Keqiang is on the wires now, via Reuters, commenting on the trade war issue at an event in Bulgaria. Key Headlines: A trade war is never a solution. China will never start a trade war. There will no winner emerging from a trade war. China will be committed to further opening up

Bulls take a breather as European equities pare back gains. Manages to hold above 1.1700 as the focus shifts to the US NFP data. The EUR/USD pair failed to sustain at higher levels, now easing back towards the 1.17 handle, as the risk-on rally in the European equities stalled on the back of China’s retaliation

   •  US-China trade war fears keep the USD bulls on the defensive and helped regain positive traction.    •  Any fresh Brexit headlines might continue to influence sentiment surrounding the British Pound.    •  All eyes remain glued to the latest US monthly jobs report and any fresh trade-related developments. The GBP/USD pair continued

Reuters reported comments from China’s Foreign Ministry, as they confirm the implementation of tariffs on the US goods. Key Points: No details to be provided on the implementation of said tariffs. Some tariffs have already been implemented by customs.

Hélène Baudchon, Research Analyst at BNP Paribas, suggests that with spending almost flat in the first quarter, purchasing power falling significantly and confidence waning further in June, the latest data regarding French consumers do not make pleasant reading. Key Quotes “The fall in the purchasing power of disposable personal income is down to the specific

According to a report by Xinhua news, China is said to have applied tariffs to the same value of US goods at the same rate and the move was effective from 12:01 PM Friday. It is worth reporting that the new US tariffs on $34 billion worth of Chinese imports, with a levy of 25%