Month: July 2021

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Up $1.61 or 2.29% The move higher in crude oil futures continued today with a sharp rise to the upside. The September contract settled at $71.91. That’s up $1.61 or 2.29%. The price is up sharply from Monday/Tueday’s lows which saw the price reached $65.59. The price is now up $6.18 or 9.42% from that low.  Looking
Can’t keep stocks down The dip in Treasury yields earlier weighed on stocks but the S&P 500 has shaken it off and touched a new session high at 4366. The range is just 16 points today as the market catches its breath. The Olympics start tomorrow and that would normally put a damper on trading
Light changes for the most part in FX The dollar is trading somewhat mixed on the day, though changes are relatively light as we get things going in European morning trade. The pound is leading gains slightly as outlined by the bounce in cable here. But elsewhere, changes are mild with the kiwi and loonie
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Daily thread to exchange ideas and to share your thoughts After a tumultuous start to the week, the market is settling down as we see a bit more of a flattish and tepid tone going into European trading today. The rebound in stocks and yields yesterday helped to relieve some of Monday’s suffering but overall sentiment remains
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The USDCAD is moving away from the floor near 1.2730. In an earlier post, I commented on the 1.2730 floor level that was developing in the USDCAD chart. That level was a corrective floor yesterday and also stalled declines during the Asian and North American session today.  The price has subsequently broken below that level and stay below the level. The momentum is increasing
Republican Sen. Mitch Romney speaking Senator Romney says that all infrastructure bill issues are likely to be resolved by the end of the week.  As such a urges Sen. majority leader Schumer to delay the vote till Monday. Meanwhile, Rep Senator Capito says bipartisan infrastructure plan is in a precarious situation and needs more specifics.  He adds it will be difficult convincing lawmakers