Down -$0.92 or -1.32% The price of crude oil is settling the week down -$0.92 or -1.32% at $68.69. The high reached $69.77. The low extended to $68.26.
Joins in the Kudlow The Office of Management and Budget Mick Mulvaney is all in and with Larry Kudlow and Pres. Trump that 4% is sustainable and manageable growth for a “long-time”
USD/JPY slips USD/JPY touched a session low of 110.80 after holding at support near 110.92 for a few hours after the GDP report. The FX market looks like it wants the week to be over but equities are making it interesting. The S&P 500 fell as low as 2808, down 1% on the day and…
Weekly oil and gas drilling rig data from Baker Hughes The drillers keep on drilling. Two weeks ago, US oil production hit 11 million barrels per day. ForexLive
130 pips for the week. But that can be a good for next week. 1.1735 The EURUSD made new lows for the week today and in doing so, they extended the range for the week. The range for the week is now 130 pips. Big deal. Putting that number in perspective, it is the most…
S&P 500 down 20 points to 2818 A few reasons for the ugly turn in stocks: 1) Month end There is some rebalancing to be done and the models say stocks should be sold.
The German Dax leads the way to the upside The European stocks are ending the session with gains. The Spain Ibex moved led the way with a 0.9% gain. The German Dax is closing up about 0.4%.
Onto Q3 The New York Fed wrapped up its Q2 tracker at 2.78%, which is a ways off from the 4.1% first estimate from the US BEA. But don’t fear, the number will be revised at least a half-dozen times so they still have a chance.
A bit of a preview of the Bank of Japan This via a Bloomberg TV interview with Kelvin Tay at UBS Wealth Management – Says expects the Bank BOJ to raise 10-year bond yield to about 0.12% —
Onshore yuan reference rate for the session from the People’s Bank of China – PBOC taking the big stick to the CNY again today – CNY set at its weakest since 11 July of last year … so at its lowest for more than a year A negative for ‘risk’