The price of crude oil is settling the day at $78.99. That is up $0.61 or 0.78%. The price is settling near the high for the day at $79.11. The low for the day came in at $76.92. For the 4th day in a row, the price toyed with the 100-day MA but settled above the MA at...
Are mortage rates what are making consumers so miserable?
This Friday we will get another edition of the University of Michigan's report on US consumer sentiment. The consensus at the moment is for a dip to 76.0 from 77.2.But when you zoom out on the survey, it sure doesn't look like an economy with a strong stock market and...
Fed’s Cook: Households remain resilient but watching rising delinquency rates
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Treasury yields rise after US 10-year auction. Chart consolidates
US 10 year yieldsWhere do 10-year yields belong?In the past year, they've traded from 3.7% to 5.0% as the market struggles with questions about future inflation and interest rates. The mid-point of that range is 4.35%, which is a tad below the 4.49% currently.Yields...
US treasury auctions off 10-year yields at high yield at 4.483
High Yield: vs six-auction average 4.276%WI level at the time of the Auction 4.473%Tail: 1.0 bps vs six-auction average 0.9 basis pointsBid-to-Cover Ratio: 2.49X vs six-auction average 2.49xDealers: 15.73% vs six-auction average 16.9%Directs (a measure of domestic...
U.S. Treasury to auction off $42B of 10-year notes at the top of the hour
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More from Fed’s Collins: Very strong jobs market has bolstered consumer spending
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European major stock indices end the day mostly higher. German Dax &UK FTSE at records
Major European stock indices are closing mostly higher. The exception is Italy's FTSE MIB which declined by -0.27%:German DAX +0.37%France CAC +0.69%UK FTSE 100 +0.49%Spain's Ibex +0.65%Italy's FTSE MIB -0.27%The German DAX closed at a new record high. The UK FTSE 100...
Atlanta Fed GDPNow jumps to 4.2% versus 3.3% last
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Feds Collins: Expects demand will need to slow to get inflation to 2%
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EURUSD muddles along with support and resistance defined by technical swing levels/MAs
The EURUSD muddles along with support and resistance defined by technical levels. More specifically the higher the swing area 1.07346 held support. The bounce higher has run into resistance against another swing area between 1.0752 and 1.0756. The 100-day moving...
Geopolitics: WH says talks on possible Gaza hostage deal are ongoing
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Fed Gov. Jefferson scheduled to speak but the topic is not policy focused
Fed's JeffersonFed Gov. Jefferson is scheduled to speak at the top of the hour, but the topic is not policy focused. More specifically he is speaking on "Exploring careers in economics". Perhaps there will be a question-and-answer where he might weigh in on the most...
Goldman Sachs revises GBP/USD forecasts lower ahead of BoE meeting
GBPUSD dailyGoldman Sachs has revised its forecasts for GBP/USD downwards, indicating a less optimistic outlook for Sterling in the context of Thursday's Bank of England meeting and recent market trends.Key Points:Bearish Sentiment: Recent remarks from Deputy Governor...
AUDUSD continues its move lower into retracement support, but below key 100D MA.
The AUDUSD has continued/resumed its run to the downside after the selloff on the "less hawkish" RBA rate decision. The move to the downside for the price back below its swing area near 0.6585, and it's 100-day moving average 0.6575. The momentum continued down until...
Weekly Crude oil inventory show a -1.362M drawdown vs -1.066 M estimate
Crude oil showed a large and expected drawdown of 1.362M vs expectations of -1.066MGasoline showed a unexpected build of 0.915M vs expected -1.255M drawdownDistilates showed a build up 0.560M vs an expected drawdown of -1.098MCushing showed a build of 1.880M vs last...
USDCAD rotates back lower in the early NA session & looks to test support target support.
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US March wholesale inventories (revised) -0.4% versus -0.4% preliminary
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Presidential elections 2024: what do they mean for investors?
Disclaimer. We provide impartial political commentary. We do not endorse any political party or figure, focusing strictly on political events' economic and market consequences.The bulk of 2024's electoral action will occur in Europe, with 19 countries voting. The head...
Not a great start for US stocks. Uber and Tesla got the market off to a negative start.
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