News

A look at the damage this year Coresight Research says US retailers have announced 7,062 store closures this year. That’s well above last year’s total tally of 5,524 and on track to break the record of 8,139 set in 2017. The bankruptcy of Payless Shoe Source is the responsible for 2,500 of the closures but
This piece takes a cheerful look at where to for China’s economy. Its in the Asian press and has a rosy view indeed. Have a read and you can make up your own mind. There are some valid points made on positives ahead. On the negatives these are viewed as transitory. For example: In the
Forex news for North American trading on July 5, 2019: Markets: Gold down $16 to $1400 WTI crude up 27-cents to $57.61 US 10-year yields up 8.6 bps to 2.035% S&P 500 down 5 points to 2990 USD leads, NZD lags Jobs Friday delivered a dose of volatility that’s sure to spill into the week
Early declines reverse WTI crude oil climbed 50-cents to $57.90 today while Brent fell 55-cents to $64.66. The spread between the two is down to $6.99.  If it can narrow another 50-cents that would be the closest since August 2018. WTI has cheered on the shift to easing at the ECB and Fed in the
US special representative to Iran, Brian Hook, comments in Brussels Iran can come to the negotiating table or continue to watch its economy crumble Iran is more diplomatically isolated now than before US left nuclear deal Says that Trump is very willing to sit down with Iran to talk There is no diplomatic backchannel with
Weekend news, this via the Wall Street Journal   Trump administration examining whether to require 5G cellular equipment used in the U.S. be designed and manufactured outside China This comes in the context of last month a White House executive restricted some foreign-made networking gear and services, on cybersecurity concerns. and a 150-day review of
Forex news for FX traders on January 21, 2019 A snapshot of other markets near the end of the trading week are showing: spot gold plus $10.57 or 0.76% at $1399. The price moved to a high of $1412.08. The low extended to $1382.33. Last week gold closed at $1341. The run higher was helped
CFTC commitments of traders: EUR and JPY shorts trimmed Coming Up! Title text for next article Weekly Forex futures that noncommercial positioning data for the week ending June 18, 2019 EUR short 52K vs 87K short last week. Shorts trimmed by 35K GBP short 53K vs 45K short last
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 to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
Plenty of potential market movers The economic calendar today starts off with top-tier Canadian data then shifts towards US manufacturing and housing, followed by waves of Fedspeak. All that should keep volatility high in what’s been a lively week. Up first at the bottom of the hour is Canadian retail sales. The prior report was
Forex news from the European morning session – 21 June 2019 Headlines: Markets: EUR leads, NZD lags on the day European equities mixed; E-minis down 0.2% US 10-year yields down 0.5 bps to 2.023% Gold up 0.6% to $1,397.23 WTI up 0.8% to $57.50 Bitcoin up 2.5% to $9,798 It was a calmer session for
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 to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
The inflation data is due at 0830GMT. What to expect, this via SG: Within the core, we expect services inflation to dip slightly after being pushed up in April by timing effects on air fares related to the way the ONS captures air fares in holiday periods. Those effects should start to be reversed in