UPCOMING EVENTS: Monday: US Treasury Refunding Financing Estimates. Tuesday: Japan Unemployment Rate, Eurozone Flash Q2 GDP, US Job Openings, US Consumer Confidence. Wednesday: Japan Industrial Production and Retail Sales, Australia…
ECBs Schnabel is speaking and she says: services inflation is showing that the last mile inflation fight is especially difficult Some data was not quite in line with projections. The…
The major European indices are closing mixed thanks to the UK FTSE 100 which rose by 0.40%. The majority of the indices, however, did close lower. A snapshot of the…
Worries about recession are gaining momentum. Former Fed Gov. Dudley warned that the Fed may be too late and is pushing for a cut now (at the meeting next week).…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide…
VP Harris making her first remarks Biden is feeling better Legacy of Biden accomplishment is unmatched in modern history Meanwhile, billionaire Michael Bloomberg is putting support behind the Dems and…
Mon: PBoC LPR Tue: NBH Policy Announcement; US Existing Home Sales (Jun), Richmond Fed (Jul), EZ Consumer Confidence Flash (Jul) Wed: BoC Policy Announcement & MPR; Japanese Flash PMIs (Jul),…
US 10 year yields The bond market is usually the first to figure things out but even it’s struggling with the political turmoil and economic uncertainty right now. Notably, long…
AI image Representatives Jared Huffman of California, Marc Veasey of Texas, Mark Pocan of Wisconsin and Jesus “Chuy” Garcia of Illinois issued a joint letter to Mr. Biden on Friday…
In the video and post yesterday, I spoke of the support target between 0.8818 and 0.8825 (see: “USDCHF breaks lower below technical levels, increasing the bearish bias. What next?“). In…
