It’s been a strong month so far European equity markets have dwarfed US markets this week. The S&P 500 is slumping today and the weekly gain is down to 0.67% in the S&P 500.
Brainard comments on CNBC – Economic outlook is quite solid – Inflation moving towards target is encouraging – US job market continues to tighten – There are risks on the horizon, we need to be on guard There’s one little caveat on growth but she’s largely upbeat. The US dollar hasn’t really reacted but if…
Says ministers will reconvene next week Sounds like everyone is trying to get down to business. Freeland said they are making ‘good progress’. A separate headline from the Mexican minister says they will meet again on Tuesday.
Weekly oil and gas drilling rig data from Baker Hughes – Prior was 815 – Natural gas rigs flat at 192 There was a survey that said 820 was ‘expected’, but I would be wary of that.
Forex news for North American trade on April 20, 2018: Fedspeak: Markets: – Gold down $9 to $1336 – WTI crude flat at $68.26 – S&P 500 down 22 points to 2670 The Canadian dollar was in focus to start the day but the US dollar stole the show later, aided by rising Treasury yields.
Forex educational video Fear can get out of hand in your life and in your forex trading. If you let it get the best of you, your chance of success starts to dwindle. Don’t let it happen to you.
François Villeroy de Galhau is Governor of the Banque de France Speaking with local media (Le Figaro newspaper) Says trade protectionism is a big risk in medium term
Banco de México (Banxico) Governor Alejandro Diaz de Leon speaking at the IMF in an interview. Diaz de Leon has been in the role since December of 2017 Yeah, not looking like intervention needed:
ArticleBody Coming up on the data event risk calendar … a fairly quiet one 0030GMT – Japan – The preliminary manufacturing PMI for April 0110GMT – Bank of Japan JGB purchases in 1-3 and 3-5 years until maturity.
USD/JPY shrugs off stock market weakness It’s a push-and-pull with USD/JPY on most days. Today it’s weakness in the stock market trying to push it lower but higher Treasury yields are the overwhelming force, pulling it higher.