News

Saudi oil production and export facilities hit Houthi drones attacked two Saudi Arabian oil plants in the heart of the kingdom’s oil industry, sparking massive fires. Reuters reports that up to 5 mbpd of production had bee impacted — half of Saudi Arabia’s output — as the attacks hit the world’s biggest petroleum processing facility.

Forex news for Americas trading on September 13, 2019: Markets: Gold down $10 to $1489 WTI crude down 17 cents to $54.92 US 10-year yields up 12 bps to 1.90% S&P 500 down 3 points to 3006 GBP leads, NZD lags The pound is poised to finish the day up more than 150 pips to

Better outlook for Portugal from S&P It’s easy to sell bonds when the central bank is buying them all. S&P said its rating at BBB was affirmed but that the outlook was shifted to positive. The current yield on Portugal’s 10-year note is 0.32%. Safe to say the market views it as far better than

USD higher Retail sales rose 0.4% in August compared to 0.2% expected. One of the sources of strength in the report was online sales (+1.8%) and that’s particularly impressive because the month earlier they rose on Prime Day despite expectations for a fall. The dollar rose on the report but the gains have been modest

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

If you are a noob and wondering what it is that moves markets, ask yourself the question: Is it two data points indicating the health of an economy of a country of 126+ million people? Or, is a tweet of the whims of one guy? Yes, correct, its the tweet guy. The message of the

Forex news from the European morning session – 11 September 2019 Headlines: Markets: AUD leads, EUR lags on the day European equities higher; E-minis flat US 10-year yields down 2.4 bps to 1.707% Gold up 0.5% to $1,492.43 WTI up 1.2% to $58.11 Bitcoin up 0.3% to $10,079 Heading into the European morning, risk assets

An alternative viewpoint is for euro to fall. Via Citi: in the near term, euro area activity remains very weak inflation low ECB may prepare another round of easing, probably at the 12 September, including more QE More QE means, says Citi: a negative net supply dynamic in the EA bond market And, thereofe: we

Forex news from the European morning session – 10 September 2019 Headlines: Markets: CHF leads, EUR lags on the day European equities mixed; E-minis down 0.1% US 10-year yields flat at 1.64% Gold down 0.4% to $1,493.95 WTI up 1.0% to $58.43 Bitcoin up 0.1% to $10,252 It was a quiet session overall for markets