Iran’s oil minister Zangeneh has sent a letter of complaint to OPEC ForexLive
What moved market Wednesday Heading into the close on Wednesday, the yen was up about against the US dollar, the pound was down, extending it’s 2018 slide, while the rest of the major markets were relatively unchanged. The market remains consumed with all things trade wars.
Forex news from the European trading session – 8 August 2018 Headlines: Markets: – JPY leads, GBP lags behind – European equities mixed mostly higher – Gold down 0.02% to $1,210.77
Customers get a free ride Ford says it won’t pass on the tariffs to customers but you have to think that at some point they will. ForexLive
Comments by Italy’s deputy PM Luigi Di Maio – But says that EU budget restrictions must be improved ForexLive When Di Maio’s Five Star Movement party came out of the elections, he pledged that he will keep the government deficit at 1.5% of GDP. The EU stipulates that government deficit must fall within the limits…
Mostly lower in Europe The UK FTSE is the outperforming in what is mostly a down day for European equities. The lower GBP is helping to support the FTSE. In the European 10 year debt market, yields are mixed but mostly little changed:
Latest data from the Mortgage Bankers Association for the week ending 8 August – Purchase index 233.1 vs 237.9 prior – Market index 342.5 vs 353.1 prior – Refinancing index 927.6 vs 971.3 prior Headline measures the change in number of applications for mortgages backed by the MBA during the week. A further dip in mortgage…
Di Maio talks tough in Bloomberg interview ForexLive
GBP/USD falls to a low of 1.2860 while EUR/GBP touches a high of 0.9017 ForexLive Down under 1.2900 for cable and the slippery slope continues. The trendline channel remains intact still and there isn’t anything in the charts or in the fundamental picture to argue otherwise. As mentioned earlier, as long as the is in…
Weekly US oil inventory data Here was the API data from late yesterday: – Crude -6000K – Cushing -576K – Gasoline +3100K – Distillates +1800K Not much movement from oil on the knee-jerk but prices rise slightly to $67.85 from $67.60 but it’s now right back down.