Month: June 2018

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  NY Fed Q2 GDP Nowcast falls to 2.9% from 3.0%

  Tracking estimate trimmed The weekly GDP tracker from the New York Fed was lowered to 2.87% from 2.98%. "Negative surprises from building permits data and[...]
  2018-06-24 19:27:07

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  European equity close: Strong finish to the week

  Closing changes for the main European bourses Friday's gains didn't erase a rough week, especially in Germany: We'll see what the trade war brings in[...]
  2018-06-24 19:27:07

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  US stocks are open. Dow looking to break losing streak. Nasdaq lags.

  Nasdaq up but lags The Dow is looking to break an 8 day losing streak today. You have to go all the way back to[...]
  2018-06-24 07:28:38

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  Bitcoin breaks the June low to touch worst since February

  Crypto is having a tough day The good news for Bitcoin is that the Mt. Gox trustee won't necessarily sell any more Bitcoin but that's[...]
  2018-06-24 07:28:38

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  USDJPY backing off. Held 200 day MA above. Nasdaq now negative.

  Losing momentum.  Markit comes out weaker. The USDJPY is backing off (moving lower).  The Markit PMI for Manufacturing just came out and it is the[...]
  2018-06-24 07:28:38

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  Bitcoin kicked lower. Trades above and below the June low and longs are hoping it stays there.

  Digital currency can't hold a rally. On Monday of this week, the price of bitcoin moved above the 100 and 200 hour MA. It was[...]
  2018-06-24 07:27:06

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• 
  The AUD remains the strongest. The CAD is the weakest as London traders exit

  10 year yields in Europe end mixed.   As London traders exit for the week, the AUD is the strongest. The CAD is the weakest.  The[...]
  2018-06-24 07:27:06

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• 
  The USDMXN has reached MA target

  200 bar MA on the 4-hour chart tested The Bank of Mexico raised rates by 0.25% yesterday and the move (and comments) helped to nudge[...]
  2018-06-24 07:27:06

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  WTI crude oil touches the best levels of June. What's next

  Oil up nearly 5% after OPEC decision OPEC will be pumping an additional 800k barrels per day starting soon but that wasn't as much as[...]
  2018-06-24 07:27:06

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• 
  The Swiss franc was the top performer this week

  Strong week for the franc It's a great week to be Swiss. They tied Brazil early in the week and the franc was the top[...]
  2018-06-24 07:27:06

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