Comments by Saudi Arabia’s oil minister Al-Falih in Russia All eyes will be set on Vienna next week, as OPEC and non-OPEC members meet in order to find some common ground with regards to the easing of oil output cuts. Expect more rhetoric on the issue to come about over the next few days.
Ratings assessment by Moody’s on Australia The full report can be found . At least it’s something that won’t pile more misery on the aussie today. here
Comments by UK Brexit secretary David Davis in parliament That’s pretty much what you say when you have nothing to show for.
Latest data released by ONS – 14 June 2018 Major beats across the board for the data, with some positive revisions as well. Cable with a bit of a jolt to hit a high of 1.3440. Looks like the Royal Wedding paid off, eh? Looking into the details, ONS says that good weather and the…
Prior month -0.1% vs 0.0% prior US business inventories for April, rose 0.3% versus 0.3% expected.
Speaking on Oil/OPEC He adds: The price of crude oil is trading at $66.89 up $.26 or 0.4%. The high reach $67.16. The low extended to $66.51. The headlines have sent the price down over the last few minutes of trading.
Decent gains for the major indices at the start The major US indices are opening with decent gains. Better retail sales are increasing confidence for solid GDP growth.
Continuing claims 1697K vs. 1732K
Latest data released by the Census Bureau – 14 June 2018 Positive beats across all readings, a strong report and that should give the dollar some relief on the day. Positive revisions as well and the dollar has moved higher on the back of the report.
According to sources US retail sales, unemployment claims and Draghi up next. The GBPUSD has moved below the 100 and 200 hour MA now.