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The Biden administration is 'close' to approving the shipment of longer-range missiles packed with cluster bombs, according to Reuters sources.The shipment could include ATACMS with a range of 300 km or GMLRS wit ha 45-mile range. The move is supposedly in response to...

USDJPY dailyUSD/JPY is in the middle of the daily range after falling as low as 145.90 today and the bouncing 60 pips. It's been a back-and-forth market but has defied some early loud commentary that suggested buying the dip.I spoke with Dale Pinkert on Thursday and...

Technology stock are leading a strong day for US equities today. The Nasdaq is at a session high, up 1.1% to a four-day high.Nasdaq dailyThe stock that is carrying much of the weight is Tesla, which is up 9.8% after an upgrade at Morgan Stanley and fresh price target...

The latest according to Jamie Dimon:“To say the consumer is strong today, so we are going to have a booming environment for years is a huge mistake,” he saidThe consumer is 'pretty good'Excess savings are normalizingTrading at JPM is 'doing fine'Credit deterioration...

Prior was 4.398%Bid to cover 2.75 vs 2.90 priorThe notes were trading at 4.650% in then 'when issued' market ahead of the sale."It was a very slow start to the trading week with volumes low in Treasuries with 3-year yields effectively unchanged going into the auction....

On-the-run 3s are trading at 4.69% ahead of the 3-year note sale, which is down from a high of 4.73% earlier.Here's BMO on the auction:While a 10-year auction will always be the benchmark for evaluating primary market demand for Treasuries, today’s 3-year auction will...

You never really know where you are in the economic cycle until it's over but there's been a groundswell of economic commentary saying that the US economy is now early in a recovery.“It’s official: we’re in a recovery," says Bank of America today.Elsewhere, Goldman...

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,...

> NY Fed August one-year inflation expectations 3.6% vs 3.5% prior The August inflation survey from the NY Fed <!--> Adam Button Monday, 11/09/2023 | 15:00 GMT-0 11/09/2023 | 15:00 GMT-0 --> <!--> Survey of consumers in August puts one-year ahead...

EURUSD 1 hourThe US dollar is struggling today despite higher Treasury yields as dollar positioning is re-calibrated following the comments on the weekend from Ueda. The market isn't sure what to do ahead of a difficult ECB decision. The tone around the table is...

US equities are off to a strong start this week with the S&P 500 up 0.5% and the Nasdaq up 0.6%.Shares of Tesla are leading the way with a 5.5% rally after Morgan Stanley raised its price target on Tesla shares by 60% to $400, from $250, and recommended investors...

Happy Monday.The Fed blackout went into effect on Saturday but we did hear from Nick Timiraos, who wrote what everyone already knows: That a pause is coming in Sept and that some officials see risks as balanced while others are still hawkish.I wouldn't expect any of...

Headlines:Markets:AUD leads, USD lags on the dayEuropean equities higher; S&P 500 futures up 0.4%US 10-year yields up 4.6 bps to 4.302%Gold up 0.3% to $1,924.28WTI crude down 0.6% to $86.96Bitcoin down 1.1% to $25,609The major story so far today remains the surge...

It's been more than two decades but it still feels surreal to think back to the events that transpired on this day in 2001. It was a tragic day by all accounts and the world was never the same after. To those who have experienced the tragedy of it all, I continue to...

It will be Kim's first international visit in more than four years and the first since after the Covid pandemic. His last trip was also to Russia back in 2019, in a meeting with Putin after the collapse of North Korea's nuclear disarmament talks with the US (Trump was...