Markets: Gold up $6 to $1323 WTI crude down 10-cents to $68.08 S&P 500 up 3 points to 2669 US 10-year yields down 2.4 bps to 2.96% NZD leads, GBP lags A late wave of US dollar selling hit on profit taking and trade worries. EUR/USD was chopping around 1.2100 but gained 30 pips in
Everyone hates banks but no one is getting their money stolen from them Step 1) Be a crypto millionaire Step 2) Don’t tell anyone you’re a crypto millionaire Because if word gets out, people are going to be coming after your money. I have read about some incredible plans for blockchain technology but nothing compares
Italy’s FTSE MIB leads  The European major stock indices are ending the session with gains: German DAX, of 0.6% France’s CAC of 0.8% UK’s FTSE of 0.5% Spain’s Ibex of 0.6% Italy’s FTSE MIB up 1.0% Portugal’s PSI 20 but the trend is closing down -0.4% In the 10 year note sector in Europe, yields
Short-dollar is the second-most crowded trade, according to Bank of America Merrill Lynch’s most recent fund manager survey Markets always find a way to inflict the most pain, on the most amount of people. If that’s the philosophy, it’s no surprise that the US dollar has been on a two-week rampage. On Friday, I wrote about the
China press: Don’t need overly loose monetary policy Coming Up! Title text for next article Bloomberg with a few headline comments in the China Securities Journal China is to issue guidelines to expand imports China’s economy does not have big downturn risks this year Doesn’t need overly loose
This via Société Générale on oil prices  Brent and WTI prices have gained … The main driver has been: geopolitics followed by investor flows and fundamentals In summary (bolding mine): Many in the oil markets assume that oil sanctions will snap back on Iran on 12 May; this is SG’s view (70% probability). There are also
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;
A Friday (April 20) report from JP Morgan with a look at currencies In summary: USD has failed to rally in the past month, despite several potential triggers including a relative outperformance in surprise indices and a sharp drop in equity markets Most dollar pairs were confined to rather narrow ranges for the past month
Forex news for North American trade on April 20, 2018: Fedspeak: Markets: Gold down $9 to $1336 WTI crude flat at $68.26 S&P 500 down 22 points to 2670 US 10-year yields up 4.5 bps to 2.95% — highest close of the year USD leads, NZD lags The Canadian dollar was in focus to start