Comments from Citigroup’s Chief Economist via a Reuters report ICYMI. In brief: “Tariffs are a stagflationary shock to the U.S. economy”40% to 45% chance of […]
Trump says he is going to be very nice to China, they have to make a deal
Trump has lost his credibility with markets, so take these with a grain of salt: Trump, asked if he’ll play hardball with China: noChina, other […]
Economic calendar in Asia Wednesday, April 23, 2025 – Fed speaker
At 2200 GMT/1800 US Eastern time Federal Reserve Board Governor Adriana Kugler speaks on “Transmission of Monetary Policy”. It’s a light calendar otherwise, flash PMIs […]
Crude oil futures settled $64.31
The price of WTI crude oil futures for May delivery is settling at $64.31. That is up $1.23 or 1.95% on the day. The gains […]
Fed’s Kashkari: Backdrop of high inflation risks de-anchoring inflation expectation
Too soon to judge path of interest ratesLogical that tariffs are a one-off rise in prices but backdrop of high inflation runs the risk of […]
Treasury Secretary Bessent: China negotiations will be a ‘slog’
From the private meeting with Treas. Sec. Bessent China negotiations will be a ‘slog’Describes current bilateral trade situation as an embargoNo one thinks the current […]
US stocks get an additional boost from Bessent comments. Indices approach hourly MAs
The US stocks are getting a boost from comments from Treas. Sec Bessent who said that terrible standoff with China is unsustainable, and that he […]
S&P 500 climbs 2%, nearly erases yesterday’s decline
Trump has been quiet on the tariff front today and with that it’s no surprise that equities have a bid. The S&P 500 has extended […]
USDCAD moves above 100 hour MA. Can the price stay above the MA and give the buyers hope
USDCAD fell during yesterday’s Asia-Pacific session, breaking below a key swing area between 1.38078 and 1.38499. The initial decline reached a low of 1.37808 before […]
USDCAD moves above 100 hour MA. Can the price stay above the MA and give the buyers hope
USDCAD fell during yesterday’s Asia-Pacific session, breaking below a key swing area between 1.38078 and 1.38499. The initial decline reached a low of 1.37808 before […]