Italy downgraded There was fear of a two-notch downgraded, which would have put it below the junk threshold. Instead, it gets a stable outlook, which means the chance of another downgrade in the near-term is low.
The Commitments of Traders weekly CFTC futures forex positioning data: None of the moves were too dramatic but the theme was fewer bets against the pound and yen with expanding bets against the euro. The New Zealand dollar shorts were caught offside this week.
Home builder ETF down in 23 of past 25 trading days The combination of higher interest and higher construction costs are swamping any economic optimism in the home building segment.
Charges for meddling in 2018 election ForexLive
Loonie on the losing end There was a major divergence this week in FX performance with the Australian and New Zealand dollars at the top of the chart and the Canadian dollar at the bottom.
Bolton wants US to quit treaty John Bolton has advised Donald Trump to exit the 1987 intermediate-range nuclear forces treaty. Russia is developing a new cruise missile which the US says violates the agreement. Bolton has long sought to pull the US out of arms control agreements and is also said to be blocking a restart…
Cleveland Cliffs analyst loses his cool Cleveland Cliffs (formerly Cliffs Natural Resources) CEO Lourenco Goncalves has a way with words. Luke Kawa from Bloomberg his outburst on quarterly earnings calls for years but he took it to another level today, evidently because he was frustrated by the market reaction (-7%) to his quarterly earnings.
Comments from Kaplan I completely agree with that statement. More: – Sees Fed policy as modestly accommodative – 2-3 more hikes would move the Fed to a more-neutral stance
Weekly oil and gas drilling rig data from Baker Hughes That’s a fresh cycle high in oil drilling rigs.
Quick move to 1.3080 in cable May is said to be ready to ditch one of her key demands in order to resolve the Irish border problem and clear a path to a deal, according to people familiar citied by Bloomberg.