Hey ForexLive. Well That’d be me! So my name is Dane Williams and I’m happy to be here filling in for Justin over the next few weeks. I’ve been around forex markets in various capacities, for the last 10 years or so, with my last role working as an analyst for a retail broker while…
The 10 year is the ‘benchmark’ yield on Japanese Government Bonds – Its has registered a 6 month high in trade in Japan this morning – Yield at 0.09% You’ll recall the BOJ target is to maintain 10-year JGB yield target around zero %. There is no BOJ buying of 10 year JGBs scheduled today…
Justin is on vacation Justin is taking a well-deserved vacation for the next couple weeks, so filling in will be Dane Williams. Please give him a warm welcome.
aying it had reviewed a memo that was that was sent to a supplier last week. The Wall Street Journal s – asking its suppliers for cash back to help it become profitable The Journal adds:
US President Trump on the twitter with some advice for Iran’s leaders: Iran would probably be wise to heed the warnings. There are elections approaching in the US and while many (rightfully) bemoan the shedding of US blood and the waste of treasure involved in a war, there is no doubt a war tends to…
A stronger yuan against the USD to begin trading for the new week Follows Friday and weekend remarks on the yuan from the US eg. USD/CNH down from circa 6.7820/30 late Friday to under 6.7660 as early levels take shape.
Housing hurts this week The NY Fed model for 2Q GDP growth saw a dip to 2.7% from 2.8% last week. The fall can be attributed to weaker housing. Building permits subtracted -0.03% and Housing starts trimmed -0.07%. Industrial production added 0.03% this week.
MA and 38.2% slowing the rise Yesterday, crude oil moved sharply higher on the back of news that Saudi Arabia will keep production in July near June levels and they expected to oil exports to drop in August (so unlikely to raise production). The price moved to the 38.2% and stalled.
What companies are on deck next week and when? If you want earnings, next week is the week. There is a lot of key releases that will be of interest.
USD/CHF backs off but remains close to the highs A week ago, the US dollar appeared to be breaking out against the Swiss franc as it rose above parity and the May highs.