News

German DAX -1.8% The major European shares are ending the session with sharp declines. For the year, the major European indices are also in the red.  A look at the provisional closes are showing: German DAX, -1.8% France’s CAC, -2.0% UK’s FTSE 100, -1.9% Spain’s Ibex, -2.4% Italy’s FTSE MIB, -1.4% For the year, changes are
What’s next for EUR/USD MUFG Research discusses EUR/USD outlook and flags a scope for further weakness in the near-term.  “The EUR remains vulnerable to further weakness in the near-term. A further modest improvement in business confidence in the euro-zone PMI surveys for February has brought some temporary relief. The negative impact from COVID-19 on business
Weekly DOE inventory data.  Crude oil was trading at $54.30 right before the release The crude oil build his less than expectations at 0.415M vs 3.2M estimate.  Gasoline -1.971M vs +0.20M estimate distillates -0.635M vs estimate -1.6M  Cushing OK -0.133M vs 1.668M last week US refinery utilization 1.4% vs -0.65 estimate.  Last week +0.60% Crude oil implied demand 19488 vs 18912 last week gasoline
Economist speculates on delay A delay in China’s largest political gathering could mean lower economic targets this year, the Global Times reports. A potential delay in the sessions of the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference set the tone on policies for the year but it
What’s coming up today First of all, congratulations to the Great State of Kansas on a great game and a fantastic comeback. The economic calendar focuses on manufacturing today starting with the Canadian Markit PMI at 1430 GMT. The US final release is 15 minutes later. That all leads up to the 1500 GMT ISM
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do