Yields -Continue to slide on economic concerns Brexit – May offers resignation in exchange for Brexit deal EM currencies – Turkey measures have investors selling other EM currencies Oil – Crude stockpiles rise Gold – Slides on profit-taking Bitcoin – Rises as volatility eases Yields Right now, bonds are driving the move with all asset
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Dow Jones Outlook Talking Points: Dow Jones Outlook: Index Awaits US GDP on Shaky Ground The Dow Jones will look to Thursday’s release of the finalized GDP data from the United States. While the initial fourth quarter figure – which often has a larger market reaction – was released a month ago, the final yearly
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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. “Left to their own devices, computer scientists would recreate the Soviet Union.” That line belongs
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This guy is a joke The Washington Post goes after Fed nominee Stephen Moore today noting that he’s swooned over Trump’s physique and suggested he win the Nobel Prize for economics. There was that time when, at a Young America’s Foundation event, Moore swooned over Trump’s rockin’ bod. Trump, Moore said, “looks like a football
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Gold has posted losses for a second successive day. In Wednesday’s North American session, the spot price for one ounce of gold is $1311.80, down 0.29% on the day. In economic news, there are no major U.S. releases. On Thursday, the U.S. releases Final GDP and unemployment claims. After a sharply dovish Fed meeting last
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Weekly US oil inventories: Prior was -9589K Gasoline -2883K vs -3000K expected Distillates -2075K vs -1000K exp Refinery utilization -2.3% vs +0.5% exp API numbers released on Tuesday: Crude +1930K Gasoline -3470K Distillates -4280K Cushing +688K Oil ticked a few cents higher on the kneejerk but it’s a small move. Last down 4-cents on the
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