EURUSD 1.1072 |
USDJPY 108.10 |
GBPUSD 1.2522 |
AUDUSD 0.6864 |
USDCAD 1.3236 |
GBPJPY 135.36 |
EURJPY 119.68 |
AUDJPY 74.22 |
CADJPY 81.66 |
Silver 18.08 |
Oil Tests Trump & Powell Resolve
The latest rise in oil prices may jeopardize the already complicated balancing act at the Fed (between containing manufacturing deterioration from the trade war) and Trump's managing of Saudi and Iran without provoking further price ascent. Yet, the US administration continues to send signals about reprisals against Iran and that helped crude to its 4th best day on record Monday. US crude oil is currently trading at $62 (from an earlier $63.38), while Brent is at $68.10 (from $71.95 earlier). CAD loses half of its gains as US equity futures head into the red. EUR is the strongest of the day after better than expected ZEW sentiment survey. Data points on Tuesday include US industrial production and homebuilder sentiment. The Premium JPY trade was stopped out, leaving only 1 trade in progress. A new trade shall be issued ahead of the US opening bell.
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21-yr Intermarket Charts - 7 indices 11 currencies 14 commodities
Interactive charting by instrument, chronological and alphabetical order. This enables organizing each individual commodity, currency or equity index' performance by magnitude or chronological order.
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ECB Action Sheds Doubts on Yield Differentials
Can the euro gain despite the latest rate cut. Before we cover the aftermath of Thursday's drama-fillled ECB decision, let's backtrack for a bit.
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