Trump gaming markets On coming up later, I see a few people saying Trump ‘leaked’ the numbers. He hasn’t leaked anything, but he has been hyping them up.
Indices view I spoke about Facebook’s woes in , but just take a look at the daily SP500 chart: today’s daily forex themes Some thoughts: – It just feels like this has really snuck up on us in a hiking cycle.
More than a headline! – Pressure on Ecuador has been upped from both the US and UK recently. – All electronics and internet access cut. – Extradition process to the US going to be hugely interesting if it happens.
Some thoughts on market positioning I see on the comments that we’re already itching for the US GDP number coming up during the US session. With , we see that technicals are set up for fundamentals to do their thing.
EUR/USD technicals Continuing on from the earlier EUR/USD technical view So price has come off higher time frame resistance then… …a little retest of previous support turned resistance, and fresh lows made.
Along with today’s report came a batch of revisions that went back many years The big shift in the benchmark revisions was that the 2017 personal savings rate nearly doubled to 6.7% from 3.4%. That means consumers have far more firepower than believed, and that the 4.0% rise in Q2 consumption reported today could be…
Trump to speak at 9:30 am ET (1330 GMT) Trump will undoubtedly hype up the growth number but also watch out for comments about more tax cuts, more for growth and possibly even something about the Fed and interest rates.
The first look at second quarter growth Inflation readings The personal consumption reading is impressive and it might help to put a floor under USD/JPY. On second look, there is a lot to like about this report and it’s likely to mean estimates for the remainder of the year are bumped up.
The first look at US second quarter GDP is due at the bottom of the hour 1) Trump couldn’t have had the number On Monday, Fox Business reported that Trump had been telling associates about a strong GDP number. He told at least one associate of a 4.8% reading, according to the report, which was…
Forex, Indices and Crypto updates A pretty entertaining session, with plenty to talk about this Friday as we assessed the EUR/USD fallout of the ECB decision and looked ahead to today’s US GDP release during the US session.