Month: April 2018

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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 23:25:09

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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 23:25:09

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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 23:25:09

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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 23:25:09

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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 23:25:09

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  S&P 500 falls to the lows of the day. European stocks finish mixed

  S&P 500 down 22 points The stock market doesn't want 3% Treasury yields. The Feb high was 2.95% and after two days of climbing, we're[...]
  2018-04-19 23:25:09

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  Audio recap: EUR/CHF finally kisses 1.2000

  What happened in EUR/CHF Thursday price action was rather subdued, with FX markets holding to tight ranges. US data was mixed with the Philly Fed[...]
  2018-04-19 23:25:09

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  April Philly Fed 23.2 vs 21.0 expected

  Philadelphia-area manufacturing data - Prior was 22.3 - Prices paid 56.4 vs 42.6 prior - New orders 18.4 vs 35.7 prior - Employment 27.1 vs[...]
  2018-04-19 23:25:09

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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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