Oil rose on Wednesday after the release of the Energy Information Administration (EIA) weekly crude inventories report showed a larger drawdown than anticipated at 3.1 million barrels of crude, a surprise buildup of 3.6 million barrels of gasoline and a larger than expected buildup of distillates at 5.7 million barrels. Crude was under pressure from
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U.S. Treasury prices rose early Wednesday, pushing yields lower, after resurfacing fears around a Trump trade deal weighed on equities, stoking appetite for government bonds. What are Treasurys doing?The 10-year Treasury note yield TMUBMUSD10Y, -0.87% slipped 2.8 basis points to 2.092%, while the 2-year note rate TMUBMUSD02Y, +0.24% was down 1.2 basis points to 1.850%.
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Tarde por la noche o temprano por la mañana, dependiendo de tu perspectiva, tenemos algunos datos claves desde Australia que tienen el hábito de afectar al AUD y NZD. Esta es la primera vez que tenemos un resultado que incorpora el recorte a la tasa de referencia, así habrá especial atención sobre qué efecto tuvo
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Coming up, we’ve got some key employment data out of Australia. And this release has a habit of moving the AUD and NZD. It’s the first time we will be getting a full set of jobs data after the RBA’s first rate cut, so everyone is extra interested to see what, if any, effect there
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The Bank of Japan Governor Haruhiko Kuroda said on Wednesday that the bank governing board is going to debate its monetary policy this month assuming that Japan is currently on a path of moderate recovery, implying that increasing stimulus is not necessarily an immediate option. “We’re seeing some weakness in exports and output, but there’s
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Share to facebook Share to twitter Share to linkedin Photocredit: © 2019 Bloomberg Finance LP © 2019 Bloomberg Finance LP It is earnings reporting time for many companies. I have found that cycles analysis can be useful in measuring Wall Street’s reaction to these announcements. If the weekly cycle is rising, there will more likely
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The schedule for Fed speakers before the FOMC blackout period begins Here’s the details: (17 July) 1730 GMT – Fed’s George speaks in Missouri Kansas City Fed president Esther George will be discussing the economic outlook during an agricultural symposium hosted by her bank. There will also be a Q&A session thereafter with audience members.
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The USD fails to capitalize on the overnight upswing amid sliding US bond yields. Tempered expectations for aggressive policy easing by the Fed might cap gains. Wednesday’s US housing market data eye for some short-term trading impetus. The NZD/USD pair regained positive traction on Wednesday and recovered the previous session’s retracement slide from three-month tops.
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The better than expected retail sales report from the US undercut the expectations that the Fed will lower rates more aggressively. Following the upbeat jobs report in June, retail sales report also came out higher than expectations. This lowered the expectations that the Fed will cut rates at a faster pace. The Fed is due
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