A fireball erupted from the base of SpaceX’s so-called “Starhopper” prototype rocket after a test at the company’s facility in Texas. @LabPadre A fireball erupted from the base of SpaceX’s prototype rocket on Tuesday evening, minutes after a key test at the company’s facility in Boca Chica, Texas. The blaze erupted from what appeared to
Do both sides needs some pain first? The conditions might not be right for the US and China to make a trade deal, Morgan Stanley argues in a note today. They highlight that when Trump called Xi to resume trade talks in December, it came after a 20% drop in US equities. They also note
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
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%.
EUR/USD is consolidating the recent losses just below 1.1230 resistance. The level to beat for bears are at 1.1200 followed by 1.1164 to the downside. EUR/USD daily chart EUR/USD is hovering near the 1.1200 figure below its main daily simple moving average (DSMA). EUR/USD 4-hour chart EUR/USD is trading below 1.1250 resistance and its main
MARKET DEVELOPMENT – Crude Oil Prices Rebound as Iran Rejects US Claims DailyFX 2019 FX Trading Forecasts Crude Oil: Yesterday’s double whammy of Trump talking up further tariffs on Chinese goods and Secretary of State Pompeo noting that Iran were ready to talk had sent oil prices tumbling. However, Iran had later rebuffed reports that
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
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
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
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
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.
The European Central Bank board member Benoit Coeure said on Wednesday that the bank is ready to do what is necessary to keep the inflation levels near but below the 2% target. “Looking ahead, the Governing Council is determined to act in case of adverse contingencies and also stands ready to adjust all of its
The Canadian dollar is holding firm on the day ahead of the CPI data release ForexLive The loonie has been one of the top performers over the past three months – only behind the yen – as the currency is largely benefiting off more positive economic data as well as a central bank that doesn’t
GBP Talking Points: Core consumer inflation picked up in June, but producer inflation turns negative amid ongoing trade war concerns GBP suffered another slide in the morning session on the back of growing concerns that Boris Johnson could deliver a no-deal Brexit if he is elected as PM EU inflation is revised higher but still
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.
Microsoft CEO Satya Narayana Nadella. Tobias Schwarz | AFP | Getty Images Microsoft, Nvidia and Salesforce are among the stocks on RBC Capital Markets’ list of “best ideas” for sustainable investing. The annual list consists of 39 global equities, all with outperform or top pick ratings, that ranked highest in environmental, social and governance related
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
Daily thread to exchange ideas and to share your thoughts Good day, everyone! Hope you’re all doing well as we get things going here in the European morning session. It’s been a quiet one to start the day with markets a little bit more tepid and currencies little changed so far. The dollar is trading mixed in