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.
Run higher on Wednesday, reversed over the last few days The EURUSD moved and closed above its 100 day MA on Wednesday at 1.14766 (blue line in the chart below).
How did the narrative shift so quickly? A year ago every economist on TV was talking about how we were on the precipice of global synchronized growth. Now all everyone wants to talk about is a recession.
Major financials traditionally start the earnings season Next week, the earnings season starts with the traditional bank earnings highlighting the calendar. Citigroup, JPMorgan, Charles Schwab, Bank of America, Bank of New York, PNC Financial, American Express and Goldman Sachs are all scheduled to release.
Fresh report UK Cabinet ministers are exploring ‘Plan B’ options for if/when May loses next week’s Brexit vote, according to Bloomberg. The report cites people familiar with the thinking of ministers. They also said that May could seek Jeremy Corbyn’s help on securing the vote.