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<p>A torrid day in UK politics. Another one that is. </p>
<p>Solicitor General Chalk has resigned. </p>
<p>From his letter:</p>
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</p>
...read more
Posted on: Tue, Jul 5, 2022 9:50 PM
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<p>Plenty of remarks about the place out of the US. </p><p>
@page { size: 21cm 29.7cm; margin: 2cm }
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Posted on: Tue, Jul 5, 2022 9:25 PM
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<p>Chief US diplomat for East Asia Daniel Kritenbrink remarks regarding the meeting to come between US Secretary of State Blinken and Chinese Foreign ...read more
Posted on: Tue, Jul 5, 2022 9:07 PM
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<p>UK politics update, the latest on this tumultuous day of resignations. </p>
<p>New ministers:</p>
<ul>
<li>Nadhim Zahawi appoint Chancello ...read more
Posted on: Tue, Jul 5, 2022 8:41 PM
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<ul>
<li>UK health minister Javid resigns as the crisis mounts</li>
<li>US May factory orders +1.6% vs +0.5% expected</li>
<li>UK parliame ...read more
Posted on: Tue, Jul 5, 2022 8:28 PM
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<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and di ...read more
Posted on: Tue, Jul 5, 2022 8:24 PM
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<p>There is nothing of substance for major FX on the data calendar due from Asi-Pacific today. </p>
<p>We will get the 'Chart Pack' from the Rese ...read more
Posted on: Tue, Jul 5, 2022 8:05 PM
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<p>
</p>
<p>It's a holiday-shortened US trading week but it's already had enough drama for many days.</p>
<p>US stocks were down 2% shortly af ...read more
Posted on: Tue, Jul 5, 2022 8:01 PM
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<p>Boris Johnson is having a worse day than the sterling bulls.</p>
<p>Bhatti tweeted out his own resignation letter, saying "The Conservative party h ...read more
Posted on: Tue, Jul 5, 2022 7:05 PM
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<p>The knives are out for Boris Johnson within his own party but it sounds like he's not going down easily. Minister Rees-Mogg says it's business as u ...read more
Posted on: Tue, Jul 5, 2022 6:46 PM
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<p>
</p>
<p>The stock market is taking comfort in lower yields and diminished odds of the Fed hiking rates to the economy's breaking point.</p ...read more
Posted on: Tue, Jul 5, 2022 6:40 PM
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<p>To be honest, I don't think this strike had much of an effect on oil to begin with.</p>
<p>In any case, Reuters is citing a union leader who says i ...read more
Posted on: Tue, Jul 5, 2022 6:23 PM
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<p> </p> <p></p><p>Former Chancellor of the Exchequor Sajid Javid said he had lost confidence in PM Boris Johnson's ability to govern in the ...read more
Posted on: Tue, Jul 5, 2022 5:21 PM
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<p>The tech trade has roared back to life with the Nasdaq shaking off a nearly 2% decline to trade briefly in positive territory (now -0.2%).</p>
<p>T ...read more
Posted on: Tue, Jul 5, 2022 4:49 PM
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<ul> <li>When profitable long traders, that have taken a previously successful Long on the US Dollar, are so profitable, following a major rally, ...read more
Posted on: Tue, Jul 5, 2022 4:32 PM
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<p>The US dollar continues to carve out new highs, catching a strong bid through the London fix and beyond.</p>
<p>Cable is down to 1.1904, more than ...read more
Posted on: Tue, Jul 5, 2022 3:15 PM
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<p>There was a report that lifting tariffs would come alongside a process to lift other tariffs but you have to wonder about the political wisdom of m ...read more
Posted on: Tue, Jul 5, 2022 3:11 PM
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<p>The Nasdaq has now nearly wiped out the opening gap lower. The index is down just 0.2% after falling nearly 2% at the open.</p>
<p>There's a bit of ...read more
Posted on: Tue, Jul 5, 2022 2:42 PM
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<p>There's some deflation in dairy prices in the latest auction from New Zealand's GlobalDairyTrade. The GDT Price Index fell 4.1% in the second ...read more
Posted on: Tue, Jul 5, 2022 2:37 PM
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<p>
</p>
<ul>
<li>Prior was +0.3% </li>
<li>Durable goods orders +0.8% vs +0.7% prelim</li>
<li>Durable goods orders non-defe ...read more
Posted on: Tue, Jul 5, 2022 1:58 PM
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<p>Oil is doing a nice job of encapsulating the reversal in sentiment today.</p>
<p>Crude was up $3 at the highs but is now down nearly $6. It's tradi ...read more
Posted on: Tue, Jul 5, 2022 1:37 PM
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<p>The 4th of July long weekend didn't bring much optimism about the state of global markets.</p>
<p>The S&P 500 is down 68 points to 3756 shortly ...read more
Posted on: Tue, Jul 5, 2022 1:34 PM
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<p>Oil is in an epic battle between supply and demand at the moment.</p>
<p>Indication of supply are tight and weekend news about a strike in Norway a ...read more
Posted on: Tue, Jul 5, 2022 1:12 PM
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<p>The FOMC prefers 3-month bills to 10-year yields as an inflation warning but 2s10s has long been the market benchmark. </p>
<p>US 2-year yield ...read more
Posted on: Tue, Jul 5, 2022 12:59 PM
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<p>The US returns from the long weekend with a light data docket that only features the May factory orders report. The consensus is a 0.5% rise but wa ...read more
Posted on: Tue, Jul 5, 2022 12:54 PM
