Dollar selling gives EURUSD a boost The EURUSD has seen some buying today after the sharp fall yesterday. Concerns about an escalation of trade war is weighing on some of the dollar currency pairs. Stocks and yields are lower and the EURUSD fell below the November 2017 low earlier at 1.1553, but the break…
Delayed reaction to the dollar rise yesterday I don’t put a lot of faith in intermarket relationships. For example, it is expected that if the dollar goes higher, gold goes lower.
Down $1.80 or -2.74% US crude oil futures are settling at the end of the week at $65.06/BBL. That is down $1.80 or -2.74%. Last week, the price closed near $65.56. So the price was down about -$0.50.
Speaking to reporters
Speaking in Ft. Worth The Dallas Fed Pres. adds:
Moves toward test of 100 hour MA The USDJPY moved higher in earlier trading today. That rally took the price to a test of the 61.8% retracement of the move down from the November 2017 high at 110.866, and a topside trend line that connected the that high to the high from May 2018. That…
Speaking at a “Fort Worth Chamber of Commerce leaders in business” event Fed’s Kaplan is expected to speak at the bottom of the hour. He will be at a Fort Worth Chamber of Commerce leaders in business luncheon. Q&A are expected from the media and the audience.
Further comments by ECB member Ewald Nowotny in Vienna Rising energy prices have surely helped with the cause to , but I reckon he needs to take a look at how the core reading is doing as well – and that will portray a more accurate picture.
According to CNBC sources that is This is in response to the steel and aluminium tariffs that the US announced back in March.
Trade jitters may make for a choppy end to the week S&P 500 futures is down almost 0.4% but has recovered a little from the lows today – which was seen after the report by Reuters gathered momentum on major news wires.