It is all about auto tariffs In the 10 year note sector in Europe, yields were mixed: Iin other markets as London/European traders look to exit: US stocks are higher:
Up from 10.27B BPD in May. Over the July 4 holiday yesterday, President Trump tweeted: and on June 30 Trump said he spoke with Saudi Arabia about increasing production by 2B BPD and they agreed. Saudi did not confirm they would up production by that amount. They are expected to increase production in July to…
100 hour MA stalls the rally today, but so does the 200 hour MA. The ADP employment report came in a touch weaker than expectations at 177K estimate vs 190K expected. The prior month was revised to 189K from 178K though. The initial claims came in at 231K vs 225k expected.
RIA sites unidentified person on oil output increase
Briefs reporters on Brexit
Weekly EIA oil inventory data The private API data reported last night showed:
The data agenda is sparse today but we do get a couple of central bank speeches NZ government financial statements coming up at 2200GMT and Japan international securities flows at 2350GMT are both likely to not have too much immediate impact (barring any shocks)
Risks rise for oil The YJC news website quotes a Revolutionary Guards commander who says Iran will block oil shipments through the Strait of Hormuz if Trump stops Iranian oil sales.
Forex news for North American trade on July 4, 2018 Markets: – GBP leads, USD lags – US markets closed for holiday It was a fairly quiet one, which is exactly what you would expect on July 4. The market moving headlines were from Europe and both hit after London had gone home. The first…