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 to 2.92% and the curve has steepened.
Metals have been on fire since the latest Russian sanctions Nothing is hotter than nickel at the moment. The industrial metal is up 15% since the start of the month and 7% today.
Deputy Attorney General Rosenstein Trump said to tell associates he does not need to remove Mueller. So who is the target? The S&P has ticked higher . It was trading around the 2687 and is currently trading at 2695. The index is still down -14.66 points.
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 abandoned support for the pair in early 2015.
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 grabbing market share so long as prices keep rising.
Speaking on Fox New He adds: Pres. Trump decided not to impose additional sanctions against Russia in response to their support of Syria’s chemical weapons attack on civilians. That ran counter to what UN Ambassador Nikki Haley who said on Sunday that Mnuchin would announce additional sanctions on Monday.
Canada Foreign minister She adds: The USDCAD is higher on the day after a corrective move to the 100 hour MA stalled the fall. The pair is trading at the highest level since April 9th and approaches the key 100 day MA at 1.26785. The 38.2% of the move down from the April high, comes…
Big day lower. 200 bar MA on the 4-hour targeted.. On Tuesday, the price moved to a new year high and to the highest level since Brexit 2016. On the hourly chart above, that price falied on a break of a topside trend line while those highs were being made. Bearish.
Villeroy in New York – Notes economic growth moderation of late – Says underlying growth momentum is solid and broad based – Recent data don’t alter inflation outlook Translation: We know it’s been poor but we don’t care.