Import prices in the U.S. fell by much more than expected in the month of August, according to a report released by the Labor Department on Friday. The Labor Department said import prices dropped by 0.6 percent in August after edging down by a revised 0.1 percent in July. Economists had expected import prices to…
Russia’s central bank unexpectedly raised its key interest rate for the first time since 2014 on Friday, citing significant increase in inflation risks due to highly uncertain external conditions. The Board of Directors decided to raise the key rate by 0.25 percentage points to 7.50 percent, the Bank of Russia said in a statement. Economists…
Manafort is cooperating with Mueller It’s not yet clear how much cooperation he will be doing, or what he knows. He’s certainly not getting a sweetheart deal. He’s already been found guilty to counts that will lead to several years in jail and with this plea he will get more jailtime and has agreed to…
Pair tests support area The AUDUSD is getting hit on the back of the rumblings that Pres. Trump is wanting to enact the $200B of tariffs on China. The price has moved to new session lows and tests the 200 hour MA and 50% retracement at the 0.7156 and the 100 hour at 0.71484.
German Dax leads the way The European major stock indices are ending the week/day with gains: For the week: A snapshot of the forex market shows the USD is the strongest of the majors and the EUR is the weakest.
Western Canada Select is at a $36.00 discount Recent numbers from Statistics Canada showed an 11% increase in Canadian oil production in the past year yet pipeline capacity continues to lag.
According to 4 people familiar A report from 4 people familiar with the situation, Pres. Trump told aides to proceed with the $200B of additional tariffs on China exports to the US. This is on top of the $50B already being enacted.
White House statement cited by Reuters The White House says the President has been clear that he and his administration will continued to take action to address China’s unfair trade practices.
That’s not going to help Two weeks ago, Argentina was asking the IMF to speed up payments. ForexLive
Weekly US oil drilling rig count data Drilling picks back up but has stalled for a few months. ForexLive