Uncategorized

U.S. CDC SAYS NO NEW CONFIRMED CORONAVIRUS INFECTIONS SINCE LAST UPDATE; CONFIRMED CASE COUNT STANDS AT 11

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 …

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% …

Previous was 6.8988 

I will be updating in the morning going into the NY session. EURUSD: Overall EURUSD will struggle to move above 1.18 in short-term. The newly formed Italian government eased uncertainty end of last week, but there are still worries given the fiscal path that the new populist Italian government will …

I was feeling sick last night.  It screwed my routine. Lacking sleep, I woke up usual at 5 a.m. but tired. Contrary to the customary I did not check FX prices. I did not open my Bloomberg app. I showered and got dressed up.  The markets were not in my …