The Traderszone Network

Currently 0.7136 in retreat from 0.7147 highs with offers at 0.7150 holding so far. German IFO out at the top of the hour
Offers 0.7150-55 0.7180-85 0.7225-30 0.7260 0.7285 0.7300

One month after Apple started selling Apple Watch at its own stores, the company said it will bring the device to Best Buy stores in August.
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China stocks plunged more than 8 percent, their biggest one-day drop in more than eight years, as a government-triggered rebound petered out amid profit-taking, concerns over economic health and fears of an end to Beijing’s inclination toward looser monetary policies. “The recent rebound had been swift and strong, so there’s need for a technical correction,” said Yang Hai, strategist at Kaiiyuan Securities.

Japanese policymakers must be mindful of the potential negative impact that China’s economic slowdown could have on Japanese exports, central bank Deputy Governor Hiroshi Nakaso said on Monday. While China’s economy is expected to stabilize on stimulus measures taken so far, its slowdown may be prolonged by the huge slack in output and the property market, he said.

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The president of Mitsubishi Motors Corp (7211.T) said Japan, SouthEast Asia and Russia will become the automaker’s principal production hubs after it calls time on making cars in the United States later this year because of dwindling output there. “Japan, ASEAN (countries), and Russia will be the main points of production for our company,” said Tetsuro Aikawa, President and Chief Operating Officer of Japan’s sixth-biggest automaker.

It’s all about the euro so far as Europe gets fully underway
I at 1.1000 which saw the initial surge and since then we’ve triggered more to take out more offers at 1.1080 to post 1.1090

Currently 123.35 near session lows but finding demand from EURJPY
Offers 123.50-55 123.85 124.00 124.25-30 124.50 124.75 125.00
Bids  123.25-30 123.00 122.80 122.50-60 122.00 121.75 121.50