Cable flat on the day as earlier rally erased
Disappointment is the story for cable bulls in August and that continues on Friday. The pair hit an 11-month high of 1.3267 on August 2 set the table for what could have been a strong month, especially as the US dollar began to skid.
The post Another cable bid evaporates. It’s not looking great for the pound appeared first on Forex news forex trade.
Kaplan speaking in Dallas
- Strength of US consumer is underpinning economy
- US household sector has great capacity to spend
Shouldn't the aim be to grow GDP-per-capita? I mean, growth is good for corporations and government tax revenues but GDP per capita is the bottom line on how effective your country is and the standard of living.
The post Fed’s Kaplan sees 2017 GDP growth a little above 2% appeared first on Forex news forex trade.
Goldman Sachs trade on natural gas went wrong in Q2
Natural gas is the wild west of the energy market. For a commodity that's so critical, the volatility and longer-term price swings are harrowing.
The post A bad bet on a pipeline led to a $100m loss at Goldman Sachs appeared first on Forex news forex trade.
Consumer sentiment data from the University of Michigan
- Prior was 93.4
- Current conditions 111.0 vs 112.9 expected
- Prior current conditions 113.4
- Expectations 89.0 vs 81.5 expected
The post U Mich August prelim consumer sentiment 97.6 vs 94.0 expected appeared first on Forex news forex trade.
USD/JPY hits 108.61
In the end, USD/JPY hardly put up a fight as the pair fell below the double bottom at 108.68 and to a fresh low since April.
The April low at 108.13 is crucial now. It's going to come down to the Fed and Jackson Hole but Yellen is about to find herself in a
The post USD/JPY breaks support, hits lowest since April appeared first on Forex news forex trade.
10-year yields at the lowest since June
The bond market hit stops as 10-year yields skidded to 2.17%, taking out a double bottom at yesterday's low and the August 11 low, both at 2.18%.
The post This isn’t a good sign for USD/JPY appeared first on Forex news forex trade.
108.68 was last Friday's spike low
USD/JPY is the chart of the day today and the big question is whether it can hold the August low.
The low of 108.68 last week also corresponds closely with the June low of 108.69 so that makes it doubly important.
The post USD/JPY closes in on the August low as the dollar bleed continues appeared first on Forex news forex trade.
CPI rose 1.2% year-over-year
USD/CAD fell more than 70 pips to 1.2572 in the aftermath of the July CPI number. The data wasn't particularly strong so the drop underscores the bias to sell the pair and to sell the US dollar more broadly.
The post USD/CAD falls to lowest since August 4 after inflation data appeared first on Forex news forex trade.
The Danish Straits and Turkish Straits, together transited by a combined volume of more than 5 million barrels per day (b/d) in 2016, are important chokepoints for Europe’s crude oil and petroleum liquids supply. Nearly 59 million b/d of global petroleum and other liquids production moved on maritime routes in 2015.
The post The Danish and Turkish Straits are critical to Europe’s crude oil and petroleum trade appeared first on bestforexmoney.info.
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Bad news for sports teams, movie studios and hotels hoping for a big Chinese cash injection: Beijing is tightening the money spigot.
The post China clamps down on buying spree in sports, movies and hotels appeared first on NASDAQ.
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