Forex educational video Fear can get out of hand in your life and in your forex trading. If you let it get the best of you, your chance of success starts to dwindle. Don't let it happen to you. […]
Forex news for North American trade on April 20, 2018: Fedspeak: Markets: - Gold down $9 to $1336 - WTI crude flat at $68.26 - S&P 500 down 22 points to 2670 The Canadian dollar was in focus to start the day but the US dollar stole the show later, aided by rising Treasury yields. […]
CFTC Commitments of Traders highlights for the week ending April 17, 2018: - EUR long 151K vs 147K long last week. - GBP long 48K vs 43K long last week. - JPY long 3K vs 4K short last week. This euro position looks crazy. The data has been poor lately. […]
That's trouble US 10-year yields are up 4.5 bps to 2.955%. That's fractionally above the February high and sure to cause increasing jitters in broader markets. […]
The Swedish superstar is dead at 28 He was found dead today in Oman. His real name is Tim Bergling. […]
Down 31 points I fee like I've said this a lot lately: Markets don't bottom on Fridays. It's been happening over and over. Buying a dip on a Friday is suicide. […]
NY Times details their relationship "Donald goes out of his way to treat him like garbage," said Roger Stone told the New York Times, regarding Michael Cohen. […]
It's been awhile since I've written that It has been a struggle for the US dollar for many weeks despite a solid economy and Fed rate hikes. But this week, a lower temperature in trade talks and a rise in Treasury yields put the crown back on the dollar. It was the best G10 performer, edging […]
Kashkari on CNBC - The flat yield curve shows us that we're close to the neutral rate - Inflation and wages are slowly climbing, they're not accelerating - We should be at neutral, but where is neutral? This is all stuff we've heard before from Kashkari. Give him and Bullard credit for making everyone talk about the yield curve. […]
It's been a strong month so far European equity markets have dwarfed US markets this week. The S&P 500 is slumping today and the weekly gain is down to 0.67% in the S&P 500. […]
Brainard comments on CNBC - Economic outlook is quite solid - Inflation moving towards target is encouraging - US job market continues to tighten - There are risks on the horizon, we need to be on guard There's one little caveat on growth but she's largely upbeat. The US dollar hasn't really reacted but if anything, this is another sign […]
Says ministers will reconvene next week Sounds like everyone is trying to get down to business. Freeland said they are making 'good progress'. A separate headline from the Mexican minister says they will meet again on Tuesday. […]
Weekly oil and gas drilling rig data from Baker Hughes - Prior was 815 - Natural gas rigs flat at 192 There was a survey that said 820 was 'expected', but I would be wary of that. […]
USD/JPY shrugs off stock market weakness It's a push-and-pull with USD/JPY on most days. Today it's weakness in the stock market trying to push it lower but higher Treasury yields are the overwhelming force, pulling it higher. […]
Williams sure is talking a lot lately - In the context of strong labor market, wage growth and stable inflation he sees continued rate increases - Expects new normal for the Fed's balance sheet to be around $3 trillion Williams is the second Fed member within an hour to talk about higher deficits and debt steepening the yield curve. […]
Q1 GDP is due on Friday The New York Fed is out with its final Nowcast GDP estimate ahead of Q1 advance GDP on Friday. The estimate ticked up to 2.91% from 2.79% a week ago. […]
Evans speaks with reporters - If inflation rises faster than expected, it's a sign of a stronger economy that can withstand more hikes - Says he will be reviewing his estimate of the neutral rate We hear so often from Evans that he's rarely a market mover but he's a good guy to listen to and get a […]
This is bizarre I think this one is going to backfire and look like sour grapes but the Washington Post is reporting that the Democratic National Committee is suing the Russian government, the Trump campaign and WikiLeaks. They allege a conspiracy to disrupt the 2016 campaign. […]
Draghi out with some comments in an IMFC statement - Growth momentum is expected to continue - Ample degree of monetary stimulus remains needed - Patience, persistence and prudence needed There's a bit of everything here but it reads dovish to me. […]
US dollar backs off It's probably only a bump in the road, but the US dollar was sold across the board into the fix. At the same time, stock markets are wilting a bit here and that's pulled down yields. There's this circular story in bonds and stocks that makes it tough for the dollar to get […]
