Blogs

Meng will remain under house arrest Huawei's CFO will remain under house arrest. Her lawyers tried the argument that the sanctions violations charges she faces in the US aren't a crime in the US. A British Columbia judge ruled against that but she has 30 days to appeal.

The latest CDC data It looks like we will pass 100,000 on the CDC count tomorrow with the data to be released Friday. The US numbers have fallen rapidly, as recently as last week there were more than 1500 deaths per day.

A look at GBP against JPY from Mitsubishi UFJ For bank trade ideas, check out eFX Plus. This week only, get a free week . MUFG Research " While the pound was buoyant at the start of the day, the comments from BoE Chief Economist Andy Haldane certainly helped fuel further buying. The risk of […]

Nice turnaround in gold Gold fell as low as $1694 today but has bounced back to $1709 alongside broader risk trades. Gold is now virtually unchanged on the day and that helps to keep the series of higher lows intact. I think we need something on the fiscal or central bank front to get gold […]

Report from Reuters The White House is considering suspending Hong Kong's preferential US tariff rate for Exports to the US in response to China's planned security law.

Nasdaq now higher on the day The Nasdaq fell 2% at one point today but is now up 0.1% in another impressive turnaround. Money continues to flood into the market despite the Hong Kong situation as optimism about the economy reopening continues to build.

Comments from the Atlanta Fed leader He was speaking in an online talk. See here for global coronavirus case data

Highlights of the Beige Book released May 27, 2020: This doesn't tell us anything we didn't know. The overall summary is about what you would expect: Economic activity declined in all Districts – falling sharply in most – reflecting disruptions associated with the COVID-19 pandemic. Consumer spending fell further as mandated c

Comments from St Louis Fed President James Bullard: The Fed's Clarida said hew as more in favor of calendar guidance. The Beige BOok will be out in moments. See here for global coronavirus case data

Bailey op-ed in the Guardian Dovish stuff from Bailey. See here for global coronavirus case data