Crude jumps WTI crude oil is up $2.20 to $54.10 in the best day for crude since January. The hope is that a combination of central bank easing (Fed and ECB) along with a better tone on the US-China trade war leads to better demand for oil. Much of the drop from $62 was related to trad […]
Draghi in Portugal Draghi is doubling down on the dovish shift today, saying it was deliberate and due to 'lingering uncertainty' More: ForexLiv […]
JPMorgan jumps on the cut bandwagon "We now expect the ECB will amend its forward guidance in July and deliver a 10bps deposit rate cut in Sept, initially without tiering," JPM says in a note. […]
Comments from the Chinese President: Great signals on the trade war. ForexLiv […]
GDT auction results ForexLiv […]
The shift comes after today's new home sales report The Atlanta Fed tracker has generally been ticking higher over the past six weeks but takes a small step backwards here. […]
It starts now ForexLiv […]
Stocks soar The S&P 500 is near an all-time record. The index is up 36 points today to 2925, the highest since May 6. Two factors have sparked the rally: […]
Carney speaks on ECB panel ForexLiv […]
Hopes for a deal rising Wouldn't it be funny if they denied it? ForexLiv […]
Earthquake off the northwest coast The epicenter of the earthquake is 33 km WSW of Tsuruoka. ForexLiv […]
Positive news from Trump The good news is piling up for risk assets and the US dollar today. From Trump: "Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting." […]
Gold rises to $1354 Gold yields nothing, but that's better than billions of sovereign bonds. French, Austrian and Swedish 10-year bonds hit a zero yield today for the first time after Mario Draghi said additional stimulus will be needed "in the absence of any improvement" in the outlook. […]
Government to decide on Trans Mountain Pipeline Canadian Cabinet is set to decide today on whether to approve and proceed the Trans Mountain pipeline expansion. The time of the decision isn't yet clear but I'll have an update when it's clear but I expect it over the next hour or two. […]
Comments from Praet in Sintra: Praet is still talking like he's at the ECB. ForexLiv […]
US housing starts data Starts were down 0.9% but it was only because of a solid revision higher in the April data. I can't see this data point being any kind of a factor in tomorrow's Fed decision. There has been no immediate reaction in the market as well. […]
Canada manufacturing data Big miss on manufacturing stales in April but it was auto driven and due to temporary assembly plant shutdowns. The market will look past this number. […]
Yields fall below zero for the first time You now have the privilege of lending the French government money interest-free for 10 years. Draghi's comments about rates have led to a big drop in global yields today and French 10s hit zero percent for the first time. […]
US housing starts are due at the top of the hour The Fed has all it needs to make a decision on rates but will get one final piece of the puzzle today with the release of the May housing starts report. The consensus is 1240K with permits at 1293K. […]
Comments from Merkel: Oil is flat today. ForexLiv […]
