Forex news for NY trading on May 15, 2020 In other markets: – Spot gold is ending higher on the day and closing the week at the highest closing level since the week of November 23, 2012. The price this week moved above a topside trend line around $1720 and continued the run higher on Thursday and […]
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CFTC commitments of traders. Little change in the speculative positions this week
Forex futures positioning data for the week ending May 12, 2020 – EUR long 78K vs 76K long last week. Shorts increased by 2K – GBP short 14K vs 12K short last week. Shorts increased by 2K Highlights for the week:
US crude oil futures settle at $29.43
Up $1.87 or 6.8% on the day The price of crude oil is settling up $29.43. The price is up $1.87 or 6.8%. The high price reached $29.92. The low extended to $27.24.
NY Fed purchases next week will be $30B. Down from $35B this week
Keeps the steady move down. $6B per day The NY Fed has announced that they will purchase a total of $30B of issues next week as part of the QE program. That is down from $35B this week. The daily buy would $6B.
Fed chair Powell to appear on news program "60 Minutes" on Sunday
Show will air on Sunday at 7 PM ET Heads up. Fed chair Powell will be interviewed on a CBS news program "60 Minutes". The program is scheduled to air at 7 PM ET. The stock futures markets will be open, and could have an impact during the illiquid start of d
Baker Hughes oil rig counts 258 vs. 277 estimate and 292 last week
Baker Hughes rig count continues to tumble – Oil rig counts 258 vs. 292 last week and 277 expected – Gas rig count 79 vs. 80 last week. Estimate 65 – Total rig count 339 vs. 374 last week WTI crude oil futures is trading at $29.21 up $1.33 or 4.77% on the day (July […]
Pres. Trump begins his press conference
Speaking from the White House rose garden Interesting that Dr. Fauci is wearing a mask. Spot gold is trading up $18.30 or 1.06% at $1748.60 WTI crude oil futures for July contract is trading up $1.33 or 4.77% at $29.21
Pres. Trump to hold press conference on coronavirus vaccine shortly
Expected press conference at 12 PM noon ET Pres. Trump is expected to hold a noon press conference on the coronavirus vaccine shortly. The US secretary of health Azar said today that he would expect 1 or more coronavirus vaccines by the end of the year. It's hard not to see Pres. Trump not be more […]
European shares end the day mixed
Spain's Ibex lower. France and Italy flat For the week,: See here for global coronavirus case data
New York death toll falls below 150 for the 1st time in 7 weeks
132 new virus deaths in a New York – new deaths 132 – New York death toll below 150 for the 1st time in 7 weeks – death toll below 200 for the 5th straight day See here for global coronavirus case data