It’s been a strong month so far European equity markets have dwarfed US markets this week. The S&P 500 is slumping today and the weekly gain is down to 0.67% in the S&P 500.
Says ministers will reconvene next week Sounds like everyone is trying to get down to business. Freeland said they are making ‘good progress’. A separate headline from the Mexican minister says they will meet again on Tuesday.
US dollar backs off It’s probably only a bump in the road, but the US dollar was sold across the board into the fix. At the same time, stock markets are wilting a bit here and that’s pulled down yields. There’s this circular story in bonds and stocks that makes it tough for the dollar…
Weekly oil and gas drilling rig data from Baker Hughes – Prior was 815 – Natural gas rigs flat at 192 There was a survey that said 820 was ‘expected’, but I would be wary of that.
USD/JPY shrugs off stock market weakness It’s a push-and-pull with USD/JPY on most days. Today it’s weakness in the stock market trying to push it lower but higher Treasury yields are the overwhelming force, pulling it higher.
Forex educational video Fear can get out of hand in your life and in your forex trading. If you let it get the best of you, your chance of success starts to dwindle. Don’t let it happen to you.
Forex news for North American trade on April 20, 2018: Fedspeak: Markets: – Gold down $9 to $1336 – WTI crude flat at $68.26 – S&P 500 down 22 points to 2670 The Canadian dollar was in focus to start the day but the US dollar stole the show later, aided by rising Treasury yields.
CFTC Commitments of Traders highlights for the week ending April 17, 2018: – EUR long 151K vs 147K long last week. – GBP long 48K vs 43K long last week. – JPY long 3K vs 4K short last week. This euro position looks crazy. The data has been poor lately.
That’s trouble US 10-year yields are up 4.5 bps to 2.955%. That’s fractionally above the February high and sure to cause increasing jitters in broader markets.
The Swedish superstar is dead at 28 He was found dead today in Oman. His real name is Tim Bergling.