Day: April 19, 2018

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  Canada ADP March employment 42.8K vs 32.7K prior

  March employment from ADP - Prior was 32,700 jobs This report is starting to get a bit of attention.
  2018-04-19 23:25:09

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  Bond worries: Returning soon to a market near you

  US 10-year yields rise above 2.90% Don't look now but 10-year yields are closing in on 3% once again. It was the rise in yields[...]
  2018-04-19 23:25:09

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  NAFTA leaders said to agree on telecom chapter

  11 chapters now reportedly settled Report from Bloomberg. Leaders are meeting today in Washington and hope to have a deal done in the first week[...]
  2018-04-19 23:17:17

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  The ebb and flow of the FX market leaves it flat

  A bit of GBP strength, a bit of NZD weakness There has been some volatility today but the FX market is mostly where it started[...]
  2018-04-19 23:17:17

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  Barclays cuts Q1 US GDP forecast to 1.5% from 2.5%

  Barclays economists cut estimate Barclay's tracking estimate has been around 1.5% for awhile so it's not a big surprise. The first look on GDP is[...]
  2018-04-19 23:17:17

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  Natural gas hasn't joined in the commodity party

  Inventories tighten If you're in oil or industrial metals, this month has been a raging bull market. If you're in natural gas, it's been the[...]
  2018-04-19 23:17:17

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  OPEC, non-OPEC panel finds oil inventory overhang virtually eliminated - report

  No more oversupply The thing is, OPEC doesn't care any more. The Saudis want $80 oil and they don't seem to care that shale is[...]
  2018-04-19 23:17:07

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  EUR/CHF touches 1.2000 at the fix

  EUR/CHF has completed the round trip Bids for EUR/CHF into the London fix pushed the pair to 1.2000 for the first time since the SNB[...]
  2018-04-19 23:17:07

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  Nickel explodes to the best levels since 2014. Aluminum up 30% this month

  Metals have been on fire since the latest Russian sanctions Nothing is hotter than nickel at the moment. The industrial metal is up 15% since[...]
  2018-04-19 23:17:07

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  Bonds boost the US dollar across the board. EUR/USD hits the low of the day

  The march higher in Treasury yields finally spills into FX The story in markets today is bonds. US 10-year yields are now up 5 bps[...]
  2018-04-19 23:17:07

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