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Dead cat bounce in oil Oil is back near the lows after a 2% bounce following yesterday’s rout has faded. WTI is now flat on the day at $57.94 after rising as high as $58.98. It’s all about the trade war at the moment with the market fearing that curbs in US-China trade will hurt
Latest data released by Markit/BME – 23 May 2019 Prior 44.4 Services PMI 55.0 vs 55.4 expected Prior 55.7 Composite PMI 52.4 vs 52.0 expected Prior 52.2 ForexLive Another month, another contraction in Germany’s manufacturing sector. Despite the drop in the overall manufacturing sector and services sector, the composite reading actually improved in May so
Weekly crude oil inventory data from the DOE Crude oil inventories, +4740K vs -1700K est Cushing OK crude inventory, 1266K va 1805K last week Gasoline inventory, 3716K vs -850K estimate Distillate inventory, 768K vs -500K estimate The private data from the API showed a +2400 build but this is even larger.  THe price of crude
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
Briefing from National Security Advisor Bolton In a tweet fron So. Carolina Senator, he says that national security advisor Bolton is warning him about escalating tensions with Iran.  He tweets: Over the weekend Pres Trump tweeted: The price of crude oil is up $0.25 at $$63.00. The high for the day reached $63.81. THe low
Tokyo’s main index retains gains but finishes near the lows ForexLive The gains in Japanese stocks were mostly helped by the better-than-expected Q1 GDP report but as investors are given time to digest the less pretty details, the earlier optimism started to wane. Equities in the region are more mixed as Chinese stocks are trading
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
Above 50 day MAs for S&P and Nasdaq The major US indices are ending the session with solid, positive gains, but off the highs and near mid range.   Nevertheless, buyers can’t be too disappointed.    Technically, the S&P and Nasdaq indices each closed above their 50 day MAs. The final numbers are showing: The S&P
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