Last Night: China’s PBOC officially cut reserve requirements after inflation measures eased. This can explain the bid in base metals. UK GDP came in very soft and global equities are mixed to slightly higher.
Today: May wholesale inventories are today. Next week is CPI which will be closely watched. Canadian June Employment data is of some importance today. The US is expected to announce sanctions on 10 Chinese companies for human rights violations and G20 finance ministers are expected to endorse the global tax reform proposals.
GoldFix Weekly: Issue 7