Blogs

<p>The US Treasury sanctioned a long list of Russian companies today that were involved in acquiring machine tools, equipment and key inputs for the war in Ukraine. It also went after companies boosting Russia's energy production and exports.</p><p>However US and European sanctions including the oil price cap have been ineffe

<p>Oil has fallen for seven straight weeks and is in danger of falling again this week after a $2 decline today.</p><p>WTI is trading down $2.07, or -3.0%, to $69.25. The drop nearly erases three days of modest gains and comes ahead of weekly private US inventory data later today and official data on Wednesday.</p><p>T

<p>The major US stock indices are trading mixed with the S&amp;P and Nasdaq trading above and below unchanged (now lower). The Dow is holding onto small gains at the open </p><p>The CPI data was around expectations. It just wasn't bad but it wasn't better than expected. As a result, the pre-market open gains have bee

<p>The market quickly changed its mind about the CPI report.</p><p>The initial reaction was to sell the US dollar but it quickly reversed and now the dollar is higher. The market was pricing in 115 bps of Fed cuts next ahead of the report, then that rose to 120 bps but has since fallen to 110 […]

<p>The US CPI came in about as expected. The headline number MoM was a bit higher at 0.1% versus 0.0% expected, but the YoY levels came in as expected. The core YoY came in at 4.0%. However, the last six months the core measure is 2.8% which is a step in the right direction. Rents […]

<ul><li>CPI y/y +% versus 3.1% expected</li><li><a href="https://www.forexlive.com/news/us-october-core-cpi-40-yy-versus-41-yy-expected-20231114/" target="_blank" rel="follow">Prior </a>y/y 3.2%</li><li>CPI m/m +0.1% versus 0.0% expected </li><li>Prior m/m 0.0

<p>Argentina's Economy Minister Luis Caputo announces a peso devalution to 800 per dollar.</p><p>This comes as zero surprise at all. </p><p>Other measures to be implemented include elimination of taxes on exports, reduction of energy, transport subsides.</p><p>Argentina's new central bank head wil

<p>News out of China's annual Central Economic Work Conference hit State Media outlets late on Tuesday. ICYMI.</p><p>I posted the early leaks from the Conference yesterday:</p><ul><li><a href="https://www.forexlive.com/news/chinese-communist-party-leaders-discuss-growth-targets-stimulus-proposals-tod

<p>NZD/USD little changed on this data point. </p><p>What is the current account? In very brief:</p><ul><li>represents the most comprehensive gauge of a nation's international financial interactions. It encapsulates not just the exchange of goods and services, but also earnings from foreign investments and p

<p>This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.</p><p>Via oilprice.com on Twitter:</p><p>–</p><p>Expectations I had seen centred on:</p><ul><li>Headline crude -0.7mn barrels</li><li>Distillates +0.6 m