China's stock market has been a darling lately, something I suspected was coming a month ago. What wasn't clear was who was doing the buying -- domestic or foreign investors -- and how much conviction they have. In October, we got a taste of this dynamic as the rest...
Crude oil falls 2.5% to settle at $68.93. New lows for the year.
The price of crude oil fell -$1.77 or -2.5% to settle at $68.93. The declines today have been driven by economic concerns after a sharp drop in U.S. consumer confidence to an 8-month low of 98.3. That mirrored the Univ. of Michigan consumer sentiment released last...
Ukraine will have to “cede control of some land for peace” – report
Fox Business reporter Charlie Gasparino is repeating some of the earlier reporting about an investment fund and minerals deal with the US. His report also has this interesting tidbit:"They expect Zelenskyy also to agree to concessions in terms of ceding control of...
Ukraine agrees US minerals deal – report
Zelensky's government is ready to sign the US minerals deal after the US dropped demands for a right to $500 billion in potential revenue, according to the FT.The report has helped to lift the euro and boost broader sentiment.he finalized agreement, reviewed by the...
More from Barkin: Federal workforce is only 2% of national job market
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US treasury auctions off $70 million of 5 year notes at a high yield of 4.123%
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Fed’s Barkin: Uncertainty argues for caution in last stages of inflation fight
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US treasury to auction off $70 billion of 5 year notes at the top of the hour
The US treasury will auction off $70 billion of 5-year notes at the top of the hour. Yesterday, the first of three coupon auctions this week saw strong investor demand for the 2-year notes especially from overseas investors. Indirect buyers were awarded 85% of the...
UK PM Starmer: Increasing defense spending is an opportunity to rebuild industrial base
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ECB’s Stournaras It is too early to discuss pausing cuts:
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The buyers in the EURUSD took more control earlier today, but the stretch higher stalled
There is bullishness from the price action today in the EURUSD which I liked at the start of the day, and that bullish bias saw follow through buying. However, the stretch to the upside could NOT reach the high from yesterday nor make it to a topside swing area...
Fed’s Barr: Monetary policy is tied to financial stability
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European equity close: Stock markets hold the line even as the US sinks
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Reserve Launches Index Protocol; Bloomberg Indices, CoinDesk Indices, and MarketVector
Reserve Index Protocol introduces DTFs, allowing anyone to create, trade, and redeem crypto index products with instant 24/7 access and real-time transparency.Today, ABC Labs, the team behind Reserve, launches their Reserve Index Protocol, which offers a...
USDCAD makes a break higher and moves back above swing area/100 bar MA
. USDCAD: The pair is breaking higher, reclaiming both the 100-bar MA on the 4-hour chart at 1.4279 and a key swing area between 1.4268–1.4278. It has also moved back inside the Red Box range (1.4268–1.4466), which previously contained price swings through December...
US House speaker Johnson opens the door to delaying budget vote
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AUDUSD dips below swing area support
The AUDUSD is dipping below the 0.6327–0.6336 swing area, which initially served as support in December before shifting to resistance. After breaking above on February 14, this zone has acted as support twice over the past week, including yesterday and today.The...
Dallas Fed service sector index +4.6 vs +7.4 prior
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Opposing signals from Canada and Mexico around tariff deadline
Earlier today, Mexico's Sheinbaum expressed confidence about a trade deal with the US and she's now doubled down, saying there have been no trade conflicts with US. that could derail a possible deal ahead of tariff deadline next week.Meanwhile, the FT is out with a...
USDJPY moves below the 50% of the move up from September 2024. Sellers make a play
As USDJPY technicalsWeaker U.S. consumer confidence data aligns with last week’s lower Michigan sentiment index, pushing yields and the dollar lower. The two year yield is now down -8.2 basis points at 4.086%. The 10 year yield is down 10 basis points 4.2907%. Recall...