<p>The US Treasury will release its quarterly financing estimates at 3 pm ahead of Wednesday's quarterly refunding announcement. In this edition, the Treasury will announce how much it will need to borrow in the quarter ahead with estimates for further down the line. On Wednesday, it will announce where on the curve it will borrow [&hell
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US Set will renew Venezuela oil sanction in April if candidate barred
<p>The US made a deal last year to drop sanctions through mid-April if free elections were held. At the time, Venezuela said it had hoped to boost production to 1 mbpd from 786k bpd.</p><p>Chevron was also drilling to boost production in the country.</p><p>That deal <a href="https://www.bloomberg.com/news/artic
Super Micro Computer (SMCI) is reporting its earnings tonight. Short squeeze potential.
<p>Scheduled Earnings Release for Super Micro Computer (SMCI): January 29, 2024</p><p>Mark your calendars for a significant financial update from Super Micro Computer, Inc. Common Stock, slated to unveil its earnings post-market close on January 29, 2024. This eagerly awaited report will shed light on the company's financial
EURUSD bounces off the 50% of the move up from October low
<p>The EURUSD has traded lower today and in the process, the price moved below its 200 day MA at 1.0842 and into a swing area between 1.08030 and 1.0824 (see yellow area and red numbered circles on the 4- hour chart above). </p><p>Initially, the pair found buyers against the low of that swing area at […]
USDCAD sets it's support and resistance targets . Trades between two levels
<p>The USDCAD is trading up and down today with a high rate up at 1.3464, and a low price at 1.3425. In between, sits its 100-bar moving average at 1.34355.</p><p>The range today sitting between a bigger range defined by it 200-day moving average above at 1.34828. The high prices from Friday stalled against that 200 […]
SNB Jordan: Our expectation is that inflation will again rise a little
<p>SNB Jordan:</p><ul><li>Our expectation is that inflation will again rise a little</li><li>Regarding inflation, the situation has improved, it looks relatively good</li><li>Inflation should be below 2% in 2024</li><li>Inflation probably accelerated January</li></ul> This arti
War council discussing a 45 day truce in Israeli Palestine conflict
<p>Al Arabiya is reporting that the War Council is discussing a 45 day truce in exchange for the release of 35 detainees.</p><p>Earlier it was reported that negotiators from Israel, US, Egypt, and Qatar agreed on the framework for the release of remaining American and Israeli hostages.</p> This article was written by Greg Mi
Mixed results in the major European indices to start trading week
<p>The major European indices are closing mostly lower.:</p><ul><li>German DAX -0.15%</li><li>France CAC +0.06%</li><li>UK FTSE 100 unchanged</li><li>Spain's Ibex -0.45%</li><li>Italy's FTSE MIB -0.57%</li></ul><p>as European traders exit for the day
Ex Fed Pres.Lacker: There is a spread of optimism &some of that spread to Fed officials
<ul><li>There is a strong real spending growth</li><li>Wage growth is still not consistent with a 2% inflation rate</li><li>Does not see inflation expectations coming down to be consistent with 2% inflation</li><li>No signs of recession, but not confident inflation will fall far below 3%</li><
Major indices remain mixed with the Dow down, the S&P unchanged and Nasdaq higher
<p>The major US stock indices are trading mixed. The Dow Industrial Average is lower with a decline of -34.10 points or -0.10% at 38070. The S&P is near unchanged with a decline of -2.5 points or -0.05%. The NASDAQ indexes up marginally with a gain of 15.85 points or 0.11% at 15471.46.</p><p>After the major indices [&helli