The initial reports suggest a less-bearish inventory build than was expected on crude with gasoline and distillates largely cancelling each other out. The consensus for tomorrow's EIA data is:Crude +1895KGasoline +140KDistillates -1000KThis information originates from...
US stocks snatch victory from the jaws of defeat
The major US stock indices snatched victory from the jaws of defeat - especially in the S&P and NASDAQ indices. At session lows, the S&P was down -7.94 points. It is closing up 11.42 points. The NASDAQ index made a bigger comeback after being down -83.43...
Coming up in Asian trading: New Zealand employment data, private oil inventories
Eamonn is off again today but he will be back tomorrow. I'll be guiding you through Asia-Pacific trading today instead and I think it will be a lively one, particularly in China as we near the week-long holiday.Up first at the bottom of the hour is the private oil...
Traders have moved the price of the NZDUSD ahead of the key employment statistics
In New Zealand today, the key quarterly employment statistics will be released expectations at the unemployment rate is expected to rise to 4.3% from 3.9%. The labor cost index is expected to rise also by 0.8% versus 0.8% last month.Technically, the price of the...
US crude oil futures settle at $73.31
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,...
BOCs Macklem: Bank targets overall CPI inflation, but cannot ignore shelter costs
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,...
More from Cleveland Fed Pres. Mester: Does not want to offer timing on rate cuts
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,...
More from Fed’s Kashkari:We are not quite there on YoY inflation but getting there
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,...
Minneapolis Fed Pres. Kashkari: Inflation has come down very quickly
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,...
U.S. Treasury auctions off $54 billion of 3-year notes at a high yield of 4.169%
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,...
Japanese Yen Forecast: Technical Trade Setups on USD/JPY, EUR/JPY and GBP/JPY
Interested in building strategies for USD/JPY? Start by downloading our "How to Trade USD/JPY" guide! Recommended by Diego Colman How to Trade USD/JPY Get My Guide USD/JPY FORECAST – TECHNICAL ANALYSISAfter a strong rally over the last couple of sessions, USD/JPY...
US treasury to auction of $54B of 3 year notes at the top of the hour
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,...
Bank of Canada’s Macklem: Monetary policy sees more time to ease remaining price pressures
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,...
More Cleveland Fed Pres. Mester: Does not believe US is moving to only large bank model.
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,...
Qatar PM Al Thani: Hamas response in negotiations is positive, make Qatar optimistic
There is a headline that Qatar PM says:Hamas response in negotiations is positive and that makes Qatar optimistic.There is no further details.The price of oil moved lower initially to $73.44 but has rotated back to the upside at $73.73. That's up $0.94 or 1.29%.The...
Josh Brown on CNBC puts the kibosh on the stock market…well Nvidia. Sells 20% of Nvidia.
The CNBC Half-Time show does have the ability to shift bias in the market or in some stocks. Josh Brown started the show by saying that he sold 20% of his Nvidia stock. The price was down on the day but has since moved to new session lows and currently trades down...
USD moves lower. Greenback at new lows vs GBP, JPY, and CAD
As London/European traders look for the exit, the USD is ready to new lows versus the GBP, JPY and CAD (the dollar is also moving lower vs other pairs). Helping is the fall in yields. The 2 year is down -5.6 basis points. The 10 year is down -6.0 basis points. In this...
Fed’s Mester: Monetary policy is in a good place. Fed can cut later this year.
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,...
European shares close higher on the day. Gains led by the UK FTSE.
The major European indices are closing higher on the day with the gains led by the UK FTSE 100. A snapshot of the closing levels shows:German DAX, +0.76%France CAC, +0.65%UK FTSE 100, +0.90%Spain's Ibex, +0.62%Italy's FTSE MIB, +0.58%Euro STOXX index +0.60%As...
Treas Sec.Yellen:US Budget doesn’t need to be balanced to be on fiscally sustainable path
US Treasury Secretary Yellen is on a wires saying:US budget does not need to be balanced to be on a fiscally sustainable pathCritical to reduce deficits to stay on fiscally sustainable pathWe are not looking for a capital increase at World Bank at this time.US is...