USDMXN moves higher on the headline. Pres. elect Andres Manuel Lopes Obrador is balking against US proposed language in the new NAFTA deal would put too many restrictions on how they can treat foreign companies looking to tap the nations crude. The NAFTA deal needs to address language to reflect Mexican sovereignty and rights regarding…
Weekly US oil and gas drilling rig data – Oil rigs 860. – Natural gas rigs 182 vs 186 prior – Total rigs 1044 vs 1057 prior Largest weekly cut in oil rigs since May 2016.
Differing views The New York Fed cut its Q3 forecast to 2.0% from 2.4% this week. The report said the decline was due to “the negative impact of higher than expected manufacturers’ inventories.”
Crude oil is traing up $1.12 or 1.67% at $68.96 The Baker Hughes rig count will be released at the top of the hour. , the numbers were unchanged from the prior week:
Allen Weisselberg granted immunity There was a report yesterday that New York prosecutors could go after the Trump organization for the accounting of the payments to Cohen. They may have been expensed as legal costs but should have been campaign contributions.
Tesla says it’s staying public Elon Musk announced late on Friday after markets closed that he won’t be taking Tesla private. In a attempting to minimize the damage, Musk tried to spin it as a decision that was made because shareholders want to stay a public company and that taking it private would be more time-consuming…
Tracking estimate bumped higher ForexLive
Forex news for NY trading on August 24, 2018. In other markets: – Spot gold is trading up $20 on the day or +1.70% at $1205.72. The high reached $1208.82. The low $1183. The lower dollar and a more bullish technical bias helped to push the precious metal higher. Stocks in the US ended
High just reached 2873.77 The S&P has just reached officially its new record high at 2873.77. The high close reached 2872.87 back in January. The Nasdaq has a new all-time high at 7948.33 (trades at 7944.60 now).
Trades to a new record high at 7940 The Nasdaq trades at a new record high – moving above the 7933.30 old high from July 25th The S&P is traing up 14.75 points at 2871.77. The high price today reached 2872.31. The all time high price was reached earlier this week at 2773.23. The high…