Chinese fighter jets reportedly carrying live missiles in Taiwan drills
It is also being reported by the Chinese state media that China has sent out dozens of fighter jets and conducted mock strikes in targeted areas in the region. This…
Read More »Forexlive Americas FX news wrap 17 May.The price of the DXY index closes below its 100W MA
US stocks rally into the close but close mixed. Dow closing above 40K for the 1st time. Silver extends rally to 6% — an image to define the precious metals…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.2017 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »The wait continues..
That will once again make for a quieter session in Europe, barring any surprise headlines. The dollar is little changed currently, after having traded more mixed yesterday. Meanwhile, US stocks…
Read More »Iraq won’t agree to new oil production cuts, minister says
There could be some fireworks in the oil market at the weekly open. Iraq’s oil minister made a comment suggesting they won’t agree to any additional cuts at the June…
Read More »At some point this will be a problem for markets
I saw this chart today (here) and didn’t believe it so I double checked the Census Bureau and it’s true. The current projection is for the US population to now…
Read More »China’s April CPI +0.3% y/y (vs. +0.1% expected) and PPI -2.5% (expected -2.3%)
For the y/y data: CPI +0.3% continuing to claw its way out of deflation this is the third consecutive month of above zero CPI y/y expected +0.2%, prior +0.1% PPI…
Read More »We got a teaser yesterday of what to expect in trading next week
It was a quiet one yesterday up until the release of weekly jobless claims in the US. The release here was weaker than estimated and that kicked off more fears…
Read More »It is shaping up to be another one of those days
Besides some of the typical yen volatility as of late, major currencies are in a pretty dull mood today. The ranges for dollar pairs speak for themselves as seen below….
Read More »PBOC is expected to set the USD/CNY reference rate at 7.2202 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
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