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U.S. CDC SAYS NO NEW CONFIRMED CORONAVIRUS INFECTIONS SINCE LAST UPDATE; CONFIRMED CASE COUNT STANDS AT 11
Read More »Coronavirus Update – CDC
US weekly crude oil inventories +3355K vs +3000K expected
Weekly crude oil inventories for the week ending January 31, 2020: Prior was +3548KGasoline -91K vs +1800KDistillates -1512K vs -200K expRefinery utilization +0.2% vs +0.15% expProduction 12.9 mbpd vs 13.0 mbpd prior API numbers yesterday: Crude +4180KCushing +960KGasoline +1960KDistillates -1780K Crude trading at $51.40 up 4% on the day after …
Read More »A whole lot of nothing – Trump: U.S. tariffs will increase on Chinese goods
President Donald Trump retaliates back at China on Friday after the FX markets close, by increasing American levies on Chinese goods. Frankly, it doesn’t look as bad as the market probably thought. Guess what? Here we go again with financial media looking to milk the fear. Will not be surprised …
Read More »Donald J. Trump goes crazy after Powell comments
Donald Trump goes crazy after Powell comments He does have a great question
Read More »POWELL: `WE WILL ACT AS APPROPRIATE TO SUSTAIN THE EXPANSION’
Comments from Fed Chairman Jerome Powell at Jackson Hole: `WE WILL ACT AS APPROPRIATE TO SUSTAIN THE EXPANSION’ *POWELL: WE’VE SEEN FURTHER EVIDENCE OF A GLOBAL SLOWDOWN *POWELL SAYS INFLATION SEEMS TO BE MOVING CLOSER TO 2% GOAL *POWELL SAYS EVENTS SINCE THE JULY FOMC HAVE BEEN `EVENTFUL’ *POWELL: CAREFULLY …
Read More »US stock market opens lower on China Tariff news. Gold ready to break out?
Pre-market was up. Didn’t last too long. Didn’t last too long Gold is up and just took out 1,504.80 resistance. Stay tuned. Long day ahead.
Read More »CHINA TO IMPOSE EXTRA 5% TARIFF ON SOY BEANS FROM SEPT. 1
Big day today with Jackson Hole. Fed Chairman Jerome Powell is scheduled to speak Friday morning to kick off the annual conference but as usual, there won’t be too much clear guidance coming from the Chairman. Risk off as North American desk opened: 8:17 am: CHINA TO IMPOSE EXTRA 5% …
Read More »PBOC sets USD/CNY central rate at 6.8990
Previous was 6.8988
Read More »Make $TRY Great Again
EUR/USD killed me today. I was having fun buying 1.1380s and selling 5 to 6 pips higher but as usual, the market reminded me that buying dips when momentum is on the other side is like picking pennies in front of a steamroller. I did think EUR would be bid …
Read More »Maanshaft out, EURUSD down, Dollar up and Trump toned down.
Yesterday, I highlighted that USD was bid during the North American session and was offered in the Asian session. That is still the case today. USDJPY is trading around 110. It is below it is daily pivot (110.12) and I see it hitting at least the first resistance at 109.80. Today, …
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