Weekly US oil and gas drilling rig data ForexLive
I spoke with BNN about the Canadian dollar yesterday 80-cents in CAD/USD is 1.25 in USD/CAD. As for the pair right now, Guajardo is out with some more comments on NAFTA:
Commitment of traders report for the week ending Aug 14, 2018 – EUR short 2K vs 11K last week. – GBP short 61K vs 59K short last week. – JPY short 58K vs 63K short last week. Unsurprisingly, the last of the euro longs gave up since last Tuesday’s close. The break of 1.1550 was
Sales of GPUs to crypto miners fall even faster than expected There was a six-month period where it was nearly impossible to get a high-end graphics card for crypto mining.
Oil nearing the June lows WTI crude oil hasn’t fallen for seven consecutive weeks since 2015 but unless there’s a miracle $2 rally in the next few hours, the losing streak is set to continue.
AUD/USD up 44 pips to 0.7305 It’s been a rough ride for the Australian dollar as it fell to 0.7200 from 0.8140 at the start of January but it’s showing some life. Gains yesterday and today have put it into positive territory for the week.
GBP/CAD shorts were the trade of the week The Canadian dollar was the top performer this week, largely due to today’s strong CPI report in what was a week that felt volatile in FX but left the majors largely unchanged.
Ripple leads the way with a 15% gain The chart doesn’t paint the prettiest near-term picture but a massive gain is a massive gain and that’s exactly what Ripple and some other cryptos had today.
USD/CAD nears the lows of the week The USD/CAD trade has been all about politics and global sentiment lately. NAFTA negotiations have jarred it, along with the spat with Saudi Arabia and the broad risk trade has been a driver this week.
Is the CBRT going behind Erdogan’s back? here The 1-week repo rate is currently at 17.75% and after not opening the auction yesterday, the average funding cost for banks rose to 18.14% (or up 39 bps). But as of today’s close, the average funding cost is set to rise to 19.25% (up 150 bps) according…