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Tag: Forex Live

China (May) Retail sales -6.7% y/y (expected -7.1%)

Retail Sales -6.7% y/y ... ugly but not as ugly as expected. I guess that's something. expected -7.1%prior -11.1%Industrial Production +0.7% y/y comes in for...

AUDUSD extends to lower swing area

The  AUDUSD  is down for the 5th...

Redfin asks about 8% of its employees to leave today

One of the driving forces behind  inflation  has been the cost of housing and rents, along with the wealth effect that comes with...

USDCAD extends higher and up for the 5th day in a row

The USDCAD has extended to a new North...

White House acknowledges Biden will talk oil with Saudis on his visit

Obviously oil is a prime consideration for US President Biden to make the trip to Saudi Arabia and meet with the Crown Prince.The administration...

WTI crude oil futures settle at $120.93

The price of WTI crude oil futures are settling at $120.93. That's up $0.26 or 0.22%.The high price reached $122.25. The low price reached...

Ukraine agricultural minister: Ukraine has lost 25% of its arable land

The Ukraine agriculture minister says that Ukraine has lost 25% of its arable land due to the war.Ukraine is a major producer of wheat,...

The lack of a bid in bonds is grim

All the focus is on stocks and crypto today but what's happening in bonds is arguably worse.US 10-year yields are up 12 basis points...

Goldman Sachs have outlined a scenario taking the S&P500 to 3150. Morgan Stanley see 3400.

I posted on Goldman Sachs here:Goldman Sachs S&P500 forecast scenarios - median recession takes it to 3150Morgan Stanley are looking for a "tradeable low"...

Cryto suffers a hellish weekend

Ethereum breaking through support on Friday was the tell.Cryptocurrencies are suffering huge declines this weekend in a bad sign for the space. Bitcoin is...

Newsquawk Week Ahead: Highlights include FOMC, BoE, RBA, BoJ, China data

MON: UK GDP Estimate (Apr). TUE: UK Jobs Data (Apr/May); Swedish CPI (May); German ZEW Survey (Jun); US PPI...

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