Mnuchin testifies on the international financial system ForexLive
Things are heating up ForexLive : Reuters is now reporting that Trump did not threaten to pull out of NATO. Update
WTI crude below $70 for the first time in two weeks All the talk is about China, Trump in Europe, trade and the US dollar rally but oil is a wildcard at the moment. Nearly 50% of the recent rally in oil was wiped out yesterday and crude continued lower today, hitting a low of…
Tension never goes away but NATO did agree to increase defense spending The US stocks are rebounding higher on less tension today. Tension really never goes away with trade and Brexit and NATO, but the NATO partners did agree to increase defense spending and their contributions to NATO (at least in principle). That takes some…
US dollar gives back some of Wednesday’s gains There were whispers of a strong CPI number when yesterday’s big US dollar bid appeared out of the blue. Now the CPI numbers are out and they’re on the soft side. That’s led to a slump in the US dollar across the board.
Latest data released by Statistics Canada – 12 July 2018
US June inflation data – Prior was +2.8% – Ex food and energy +2.3% vs +2.3% y/y expected – Prior ex food and energy 2.2% y/y m/m data – CPI +0.1% vs +0.2% expected Wages:
Continuing Claims come in at 1739K vs. 1730K expected Continued strength in the US employment picture.
Can the dollar keep on keepin’ on? The dollar was sizzling on Wednesday without any real strong catalyst but today there is a major potential dollar-mover with the CPI report due at the bottom of the hour.
Dominic Raab is making a statement on the white paper in parliament ForexLive It’s a real mess at the Commons. The session was suspended temporarily as the white paper was shared with journalists and reporters before it even reached the hands of MPs.