News

Fed Chair Powell speaks at Jackson Hole Economic Policy Symposium on Friday The key event next week her until Friday at 10 AM ET/1400 GMT, when Fed Chair Powell is scheduled to speak at the Jackson Hole Economic Policy Symposium.  The title of his speech is “Challenges for Monetary Policy”.   The meeting minutes from the last FOMC meeting will
Total rig counts 935 versus 931 estimate oil rig counts 770 versus 762 estimate and 764 last week gas rig count 165 versus 169 estimate and 169 last week total rig count 935 versus 931 estimate and 934 last week The price of crude oil was trading at $54.66 prior to release of the data.  The price is currently
Risk-sensitive technology shares lead the rally on Friday. Recovering US Treasury bond yields lift financial shares higher.  Lack of fresh headlines on US-China trade war allow risk-appetite to return. Major equity indexes in the United States started the day sharply higher as hinted by the strong performance of the stocks futures. As of writing, the
10-year bund yields fall to a fresh record low of -0.72% now ForexLive European bond yields are beginning to fall off again on the day and this could be a sign of trouble for markets in the session ahead. US Treasury yields have also pared gains with 30-year yields falling back below 2% to 1.988%
GBP/USD carries the latest recovery towards near-term key resistance-line amid bullish MACD. 21-DMA can question buyers if the trend-line breaks, 1.2015 becomes the key support. GBP/USD recovers to 1.2100 as bullish MACD pleases buyers while heading into the UK session open on Friday. Traders now look forward to a downward sloping trend-line since month-start, at
Although that will depend on which side of the market you are on. US stocks had their biggest drop in 8 months (Dow worst since December 2018, Greg’s stock wrap up here): Contributors: German growth soft China IP soft  US yield curve had an inversion (usually a warning of impending recession) – first time since
Growth suddenly overwhelms trade This great cartoon from Hedgeye captures everything that’s happening today. The mode in markets for 2019 has been to buy risk when trade talks were going well and to sell it when there was a stumble; but today’s trade is a first sign of something different. Fears about slowing growth are