Hope everyone is well-rested
New York is back to being five hours behind London and GMT. The North American is light today, so there is plenty of time to ease into the new arrangement.
The post Reminder: North American turned back the clocks on the we…
Barclays ends short-bund recommendation
On October 19, analysts at Barclays recommended shorting German 10-year bunds. It was a bet that yields would rise on the ECB taper.
The post Betting against bonds swallows another trade appeared first on Forex n…
Arrests include one of the world’s richest men
Prince Alwaleed bin Talal, plus at least 10 other princes, four ministers and many former ministers were arrested Saturday night.
The post Arrests threaten major turmoil in Saudi Arabia appeared first…
NY Fed President to retire next year
New York Fed President Bill Dudley could announce his retirement as soon as next week, .
according to CNBC
The 65-year-old will stay on until spring or summer when his replacement is found.
The post Another change c…
Trump really cares about stock prices
Approval ratings might not matter to President Trump but the stock market does.
Trump constantly tweets about record highs in the Dow but it’s not just political spin, he really cares about equity prices.
The post …
Everyone is watching the euro
October range/right shoulder breakdown suggests EUR/USD should decline 1.1320.
Bank of America Merrill Lynch FX Strategy Research maintains its bearish EUR/USD outlook, noticing that the
The post BAML likes that…
Party at OPEC this weekend
Oil has broken the January high and is now trading at the best levels since January 2015 — when oil had just started the second leg of its collapse.
The post Oil breaks out to highest since January 2015 appeared first on For…
Drop in drilling rigs has led to a fresh bid
WTI crude is threatening the best levels of the week as trading winds down.
Wednesday’s high was $55.22 and the best level today is $55.14. But the big level to watch is $55.24, which was the January high. …
That’s going to be a problem for him
The thing about offshore banking is that people do it for the secrecy. But when there is a Panama Papers or major FBI investigation, the secrecy evaporates.
The post Cyprus said to give Manafort’s bank records to Mueller appeared first on Forex news forex trade.