Macron at the UN - Doesn't not understand what Trump wants to replace Iran nuclear accord with; says simply scrapping the deal would leave a void - Ready to talk about tackling Iran's ballistic missile programme; would consider adding sanctions over this He was very animated when speaking about Iran. […]
Yesterday was spent mostly below the 50% midpoint. Today has been spent mostly above the 50% midpoint. The EURUSD has traded in a 1.1823 to 1.2092 up and down range for 17 days. The midpoint of that range is 1.1957. The 200 hour MA comes in at 1.19635. Most of the trading yesterday was spent below […]
Storm aimed directly at Puerto Rico Puerto Rico seems destined for its most-damaging storm in at least 85 years as 160 mph winds from Hurricane Maria moved at 10 mph towards the island. […]
Price got within 8 pips of the 100 day MA , the 100 day MA would likely find support buyers. The 100 day MA comes in today at 111.117. The low reached 111.194. So the pair got within 8 pips of the key support. Close enough? It was a key support level and the price based […]
Tests 200 day MA today and backs off The GBPCAD has run higher with the post BOE rally AND the slow grind lower in the CAD of late. The combination sent the GBPCAD through a broken trend line and above the 38.2% of the move down from the 2017 high at 1.66063 (see chart below). […]
The Dean of Fedwatchers is still at it Steve Beckner, formerly of MNI, has been watching the Fed for many years and that's helped to give him a clear-eyed vision of what's coming next. […]
US 10 year yield tests 100 day MA. German Dax unchanged, France CAC up 0.13%. UK FTSE up 0.28% The European stocks are ending the session with modest gains. […]
Scraping the bottom of the growth estimates for the quarter The most recent estimate of GDP growth for the 3Q from the Atlanta Fed estimates growth at 2.2%, unchanged from Friday's estimate. […]
Highlights of the latest from CNBC of economists, fund managers and strategists survey - 76% of respondents to quarterly CNBC survey see hike in December - All respondents expect Fed to start taper tomorrow The boldest is the most-notable too me, because seemingly only 5% of central bankers are even talking about it. […]
Republican Senator Bob Corker spoke to reporters The market wants the details but if it looks like it has support -- and I think it will -- then any tax cut is good news. […]
Trades up and down today The GBPUSD post Brexit had swing highs at 1.3532, 1.3479 and 1.34439 back int the month's following the vote in June 2016 (yellow area in the chart below).&nbs […]
Survey from consulting firm Aon Hewitt Businesses aren't planning raises in 2018, but aim to target more performance-based pay, according to a survey of salary planning at 1,062 organizations conducted by consulting firm […]
Trump at UN - We are prepared to take further actions if the government of Venezuela continues on its path - We call for the full restoration of democracy and political freedom in Venezuela The speech is over now. […]
The latest auction data from Fonterra - Prior was +0.3% - Whole milk powder prices average $3122/MT - Milk powder +0.6% […]
Highlights from Trump's speech at the UN - Rogue regimes represented in this body" threaten other nations with "most destructive weapons known to humanity." The North Korean delegation reportedly left the United Nations hall before Trump's speech. […]
Live stream at the United Nations He's expected to try to rally opposition to North Korea and Iran. Early on, sounds like he's reading from the teleprompter. […]
ECB QE has far outstripped the Fed Draghi was late to the QE party but its balance sheet is far larger. According to Welt, ECB assets (mostly purchased via QE) have now hit 40% of Eurozone GDP. […]
Suspect package in Leadenhall Market The report is getting some of the blame for the latest dip in USD/JPY. No reaction in cable though. (function(t,e,s,c){var o,n,d;t.SMCX=t.SMCX||[],e.getElementById(c)||(o=e.getElementsByTagName(s),n=o[o.length-1],d=e.createElement(s),d.type="text/javascript",d.async=!0,d.id=c,d.src=["https:"===location.protocol?"https://":"http://","widget.surveymonkey.com/collect/website/js/ZsEsgBlsXuFJM4kGH_2BMdoscvz0uo_2B3Yhd5z22y_2BdAvB2twDdFGcI6Yc179zjRH8l.js"].join(""),n.parentNode.insertBefore(d,n))})(window,document,"script","smcx-sdk") […]
Lower on the day after the topside trend line held. We are seeing a lot of up and down waffling today. The FOMC will start their two day meeting and the market is looking forward to the start of the US balance sheet unwind. The decision will be at 2 PM, followed by an hour or […]
Canada makes a good argument for stimulus The Trudeau government reached into the government coffers last year to deliver stimulus via infrastructure and child tax credits. Maybe it was lucky timing, maybe it was a good move but either way, Canadian growth as been much stronger than anticipated. […]
