Some life in crude? A dip below $50 early today may have signaled a capitulation in crude, or this might just be some short covering. In any case, WTI is now up $1.81 to $52.12, a session high. Even with the gains, that doesn’t clear yesterday’s $52.56 high. Keep an eye on that level heading…
Italy’s Salvini once again hints at possible changes It was once written in stone but now it’s written in sand on a windy day. Salvini earlier today said the deficit won’t be cut below 2.2%.
The ups and downs continue The GBPUSD has backed up after a test of the 100 hour MA stalled the rally. The price action remains up and down with the 100 and 200 hour MAs (at 1.27922 and 1.28097) in between a wider range (between 1.2772 and 1.2896). The corrective price reached 1.27966 ()..
Trio of meetings cancelled Trump cancelled his meeting with Putin earlier and tweeted about it. Now a reporter aboard Air Force One says meetings with Turkey and South Korea have been cancelled.
Its wall to wall European Central Bank speakers today right through the Europe session All times GMT : – 0630 Olli Rehn, head of the Bank of Finland, speaking on debt and macroprudential stability It does not appear the events offer much scope for comments on economic outlooks nor monetary policy but I expect a…
People’s Bank of China weakening the onshore yuan yet again today Expectations I had seen were for an even lower yuan though. I have to say, those who predict the daily setting are doing so even while the PBOC does not disclose how it actually makes its decision.
Both the Bank of England and the UK government will issue assessments for various Brexit scenarios on Wednesday On Wednesday morning (UK time) the government is expected to publish its assessment
Coming up from the Federal Reserve: 28 November (Wednesday) at 1700GMT Federal Reserve system Chair Powell to speak – at the Economic Club in New York – There will be a prepared speech followed by an audience Q&A Thursday 29th
Says he is ‘not even a little bit happy’ with Fed Chair Powell – Fed policies are hurting the economy Trump speaking with the Washington Post in an interview.
Reuters on ECB bond buying plans I don’t see anything for the euro here but European sovereign bond managers will be eager to know the details. ForexLive