Topside trend line stalled the rally earlier The USDJPY consolidates between a topside trend line on the hourly chart (there was a small break earlier but that was quickly rejected), and the the high from yesterday at 112.577.
Preliminary manufacturing and services PMI numbers from Markit Manufacturing: Composite index 53.4 vs 54.7 prior. Weak on services but strong on manufacturing. The internals of the service sector survey are tough to square with employment at the highest since 2015 but the overall survey at the lowest since March 2017. Hurricane Florence and other storms…
Back below $1200 again. Gold is trading down about -$9 or $10 on the day. That has taken the price back below the $1200 level. We currently trade around $1198 as I type.
New Zealand dairy cooperative gets a break Fonterra is New Zealand’s dairy cooperative. It is responsible for approximately 30% of the world’s dairy exports and is New Zealand’s largest company.
Weekly drilling data from Baker Hughes – Gas rigs 186 vs 186 prior It’s a tricky time of year in the oil market as shutdowns start. Seasonally it’s a poor time for oil but a good time for natural gas.
The weakest is not even close. As London traders exit for the day, their currency is worth less by over 1.1% against all the major pairs.That makes it the weakest currency by far vs. it’s peers. The USD is the strongest currency with most of those gains coming on the back of a 1.46% rise…
Unnamed senior US official cited by Bloomberg and Reuters On China: Chinese officials will be in New York next week at UN meetings. Governments often send out ‘unnamed’ officials to send messages.
Albayrak comments Altmaier said Germany and Turkey have agreed on a process to boost economic ties. The Turkish lira is down 1.65% this week against the US dollar.
Review of Goldman Sachs’ top trades for 2018 2018 isn’t over but most of are. Last November, the firm released its best ideas for the year and let’s just say they were wrong about a few things.
Stay above keeps the bulls in control . The digital offering rose some 77% from yesterday’s close at the high. Just when you thought cannibas would overtake digital currencies, the market in digital heats up again. Is it for real?