Month: May 2019

Weekly Forex futures net noncommercial positioning data for the week ending May 28, 2019 EUR short 100K vs 101K short last week. Shorts trimmed by 1K GBP short 32K vs 26K short last week. Shorts increased by 6K JPY short 55K vs 55K short last week. Unchanged CHF short 35k vs 37k short last week. Shorts trimmed by
Mexico’s national Farm Council weighs in on the proposed Trump tariffs The proposed Trump tariffs on Mexico in an attempt to get them to stop the flow of immigrants across the border, has solicited response from the Mexican National Farm Council. They say: It supports surgical application of retaliatory tariffs aimed at US states that
Tests the 1.0000 level The USDCHF is trading to new session lows. The low was 1.0007 reached on May 27. The low just reached 1.00005 (a smidgen above the parity level).   On a break of the parity level, the next major targets on the daily chart come in at 0.99699 where the 38.2% of the
White House economic advisor has been looking to quit There was a time when Larry Kudlow would be all over the airwaves depending Trump’s economic moves but today he can’t be found. Instead, it’s Peter Navarro managing the fallout. Maybe he will appear on the weekend talk shows and somehow try to justify hitting Mexico
The dangers of defending a level, lessons from the past. In August 2014 the RBNZ intervened and sold $521 million of its holdings. This was a success in the short term. In January 2015 the SNB removed their peg unwilling to hold the 1.200 EURCHF level any longer. This was a failed central bank attempt
Comments from the BOC’s Wilkins: Reiterates degree of accommodation remains appropriate Expects Canadian business investment to expand gradually overall Investment should be led by firms outside oil and gas industry Recent data reinforce view that recent slowdown temporary Overall inventories have increase sharply and to the extent this is unplanned, it may dampen production in