Daily thread to exchange ideas and to share your thoughts
Happy Friday, everyone! Hope you're all doing well as we get things going here on the session. It's been a modest start to the day with markets still digesting the aftermath of the FOMC meeting on Wednesday for the most part.
The dollar is
Gold continuing its gains after busting out of 5 year highs yesterday.
Futures above 1400 US (first time since 2013). Physcial not too far behind.
Currencies better bid against the USD also here in Asia time. EUR, AUD, NZD, CAD, yen. Even GBP.
if you are asking but why though???
Gold has a bet
New Zealand's gross domestic product grew a seasonally adjusted 0.6 percent on quarter in the first three months of 2019, Statistics New Zealand said on Thursday - matching forecasts and unchanged from the previous quarter.
On an annualized yearly basis, GDP was up 2.5 percent - exceeding forecasts
At 2:00 am ET Wednesday, Destatis will release German producer prices for May.
Ahead of the data, the euro traded mixed against its major rivals. While the euro fell against the greenback, the franc and the yen, it held steady against the pound.
The euro was worth 121.25 against the yen, 1.1194 agai
Saying that the bloc has proposed to ministers to meet on 8-12 July in Vienna and is currently awaiting responses from members about the proposal. Given the dates, the OPEC conference will take place on 11 July with the OPEC+ meeting set for 12 July.
Although markets are very mu
Dollar ended as the strongest one last week as economic data from the US affirmed that Fed is in no rush to deliver the “insurance” rate cut this month, that is, on June 19. Yen was the second strongest as US and German treasury yields stays pressured. Canadian Dollar was the third strongest, lifted
Attacks on two oil tankers in the Gulf of Oman is the biggest news in early US session. WTI oil price is up 3.5% and is back pressing 53 handle after dipping to 50.85 yesterday. The news is both supportive Swiss Franc and Canadian Dollar, which are currently the two strongest ones for today so far.
Thanks to his role at trade talks I know this guy's name! Liu He:
says domestic economic development remains stable and healthy
says major macroeconomic indicators all remain within reasonable ranges
says country continues to push ahead with economic rebalancing
says whatever happens to economy in
European shares pulled back from three-week highs on Wednesday as trade worries and concerns about slowing growth returned to haunt investors.
Trade tensions intensified after U.S. President Donald Trump said that he was holding up a trade deal with China and had no interest in moving ahead unless B
Tory leader candidate, Mark Harper, comments
You can pretty much copy and paste that same campaign agenda for all the candidates running in the contest. Every one of them is saying that they can bring a new deal to the negotiating table and/or rework the Irish backstop but otherwise, they'd be willi
The euro strengthened against its key counterparts in the European session on Wednesday, as investors cheered hints of a Fed rate cut this year as well as a data showing improvement in Eurozone private sector activity in May.
Final data from IHS Markit showed that the euro area private sector expand