Breaks below swing lows from Oct/Nov/Dec 2017 The NZDUSD has moved to new 7 month lows and in the process has moved below swing lows in the 0.68159-22 area. Those swing lows were in October, November and December 2017.
Chief Economic advisor speaking about China Kudlow adds: Whether CFIUS is “less harsh” or not is open to interpretation. If a committee is to decide on the merits of a China action, it seems to me that anything can be be given a thumbs up or thumbs down at any time.
Still a healthy number for the 2Q The Atlanta Fed GDPNow estimate for 2Q GDP growth is at 4.5% in its current model estimate. That is down from it’s last estimate of 4.7%.
CAD not impressed with the oil surge, but will it? The USDCAD is trading at a new session low and in the process is back below the 100 hour MA at 1.3300. The price is currently trading at 1.3278. The new session low just reached 1.3277.
Ya think? Yes indeed – Bank of Japan Deputy Governor Masayoshi Amamiya getting in his Captain Obvious nomination with that pearler He was speaking with Bloomberg
Standard and Poors rating the US. I wonder if they had to rate the big guy they’d say ‘unstable’? Uh-oh ….. that’ll get me in trouble with the fan bois 😀
Looks like the effort to obstruct the course of justice has failed, Meuller told he can carry on: Federal judge in Virginia denies request by ex-Trump campaign manager Manafort to dismiss charges in special counsel’s probe
A large headline draw, much great than the expected The chaps at ZH providing the results of the private data : In my earlier heads up I noted the ‘expected’ for the headline was -2500K barrels
Canadian finance minister Morneau – Will detail metal-tariff support shortly – Inteneds to talk more with US on NAFTA as soon as possible – Economy doing well, US tariffs a problem —
SGH Macro Advisors note to clients cited by the folks over at : Zero Hedge – President Xi Jinping … reportedly spent over two hours talking about U.S.-China relations