On October 7, 2016 the pound fell 10% in 40 seconds Flash crashes in financial markets may become an increasingly frequent part of the landscape. The preponderance of algos, instant electronic access and the illusion of liquidity make for fragile markets. In early January 2019, a flash crash took place in yen crosses. In 2016, it was…
Sends the bill to the Senate The US House has passed a bill to fund and reopen the Interior Department and the Environmental Protection Agency (EPA).
Closing changes for the main European bourses: On the week: Italian stock markets had a nice week but the index is closing in on the Nov/Dec highs.
Trump wants a stronger yuan This is possibly the most-important chart for the global economy. It’s the exchange rate between the world’s two biggest economies; the US dollar against the Chinese yuan.
New York Fed tracking estimate The lack of economic data because of the government shutdown is hindering these estimates. ForexLive
New York Times report The ultimate treason would be if Donald Trump was actually a Russian agent or was so compromised that he was effectively working for Russia to undermine America’s interest.
Trump on twitter There are no signs of the shutdown ending or the wall being built. This all sounds like Trump is ramping up to declare an emergency and build it anyway.
Forex news for NY trading on January 11, 2019 Markets: – S&P 500 closes near unchanged at 2596.26 – Gold rises $1.85 or 0.14% at $1288.50 – WTI crude oil is trading -$-0.88 or 1.67% at $51.71
Break the 5 day winning streak The major indices are closing the day with modest losses. The declines did break a 5 day up streak. The good news is the major indices are ending the day well off the lows.
Close is down $1 or 1.9% The price of crude oil futures of so the week at $51.59. That is down $1 or 1.9%. The high for the day reached $53.31. The low extended to $51.18.