Mike Pompeo in his confirmation hearing I’m not sure you can take anything at face value in a confirmation hearing but at least he’s not saying they’re going to bomb Iran back to the stone age. He’s also saying he never advocated for regime change in North Korea.
Comments from Trump – Trump says “getting pretty close” to a deal on NAFTA but could be weeks or months – Xi’s speech indicated China would be taking down a lot of trade barriers, maybe all of them
Bolton wants his own team Deputy national security adviser Ricky Waddell became the fourth member of John Bolton’s team to resign since the start of the week. Bolton took over as Trump’s National Security Advisor from H.R. McMaster on Monday.
The January highs held yesterday Gold is down $15 today as it erases yesterday’s gain. Some of the story is the US dollar, it grabbed a bid yesterday after the FOMC minutes and that’s continued today.
We’re seeing some USDJPY demand and EURUSD supply prevail again 12 April It would be rude of me to leave without mentioning the clock ticking down to the 14.00 GMT expiry time.
Cornyn comment A bit of selling in USD/CAD on the comment from Senator John Cornyn. He said ‘we heard encouraging words on that’, regarding NAFTA.
Dow doing the best The US stocks opened higher and the first move is to the upside. The major indices are trading at/near session highs. In the US debt market yields are moving higher:
Report The US plans to hit 8 targets in Syria with airstrikes, according to a report from CNBC, citing sources. Here’s the : story “A source, who spoke on the condition of anonymity, told CNBC the U.S. was considering striking eight potential targets. Those targets include two Syrian airfields, a research center and a chemical…
Results of the 30-year bond sale – Traded at 3.045%/3.050% bid/ask in the when issued market – Prior was 3.109% – Bit-to-cover at 2.41 vs 2.38 prior Solid auction, a touch strong. That could halt the bond rout today.
Odd tweet from Trump supporting his lawyer I guess this is more about something to do with his lawyer rather than something else but any sign of a better tone anywhere seems to give the market life.