Rig counts for the week due at the top of the hour Last week Crude oil is trading at $68.37 down $.59 or -0.87% ForexLive
Unchanged from May The Dallas Fed’s trimmed mean PCE is a core inflation measure based on the Commerce Department’s price index for personal consumption expenditures. It strips out items that have shown especially large price movements in any given month.
The latest tracking estimate from the Atlanta Fed ” After this morning’s data releases, the nowcasts of third-quarter real consumer spending growth and third-quarter real private fixed investment growth declined from 3.4 percent and 5.9 percent, respectively, to 2.9 percent and 4.2 percent, respectively,” the release said. That was somewhat offset by larger inventories.
7 -weeks of chop The AUDUSD today moved toward the low of a “value area” where most of the trading has taken place in the pair over last 7-weeks of trading (see red box on the 4-hour chart below). That “value area” comes in between 0.7343 and 0.7443 – so about 100 pips.
Worries about a Canadian house price bust fade The Canadian housing market is one of those things that doesn’t make much sense. Prices are far beyond incomes and in the big cities price are out of control.
Closing changes for the main European bourses On the week: – UK FTSE 100 -0.6% – German DAX -1.9% – French CAC -0.7% – Spain IBEX -1.4% – Italy MIB -1.9% We will have to wait and see for the next twist in the trade and Brexit sagas.
Commitment of traders report for the week ending July 31, 2018 – EUR long 23K vs 29K long last week. Longs trimmed by 7K – GBP short 47K vs 47K short last week. Shorts increased fractionally The underlying theme is a preference for US dollars. The question is whether it’s an overcrowded trade. Certainly some of…
China hits the US with tariffs This is more of a threat to place them if the US does than imposing them. Still, it raises the stakes in the trade war. ForexLive The PBOC earlier raised FX forward reserve requirements, making it tougher to bet against the yuan (or hedge). That improved sentiment but this…
What’s the message from the yield curve Should traders start looking towards safe havens? Already? The economy just recovered…The FOMC has performed two interest rate hikes this year – and has hinted towards two more by the end of the year.
European session forex trading news Session ends with a flurry!: Mid session data dump: Early session musings: It’s here that I hand you over to Adam for today’s NFP number. There are a ton of NFP previews done on the ForexLive blog throughout the last couple of sessions, so just click any of the NFP…