Blogs

The Chinese military has begun two months of live-fire naval drills off the mainland's northern coast. – PLA will have 11 weeks of naval exercises off the coast of Tangshan 

The US Senate has approved a bill to sanction Chinese government officials responsible for internment camps in Xinjiang – Senate passed (unanimous consent) the Uighur Human Rights Policy Act This comes amidst rising US-China tensions on trade, Taiwan. While the USD has lost some ground over the past hour or so this and this:

Currencies had gained over the past hour or so, this will put a dent in that for the time being.  Republican attack on Democrat proposal – what else is new? (the vice versa applies also). 

2100 GMT New Zealand house sales for April – REINZ – prior -4.8% y/y 2200 GMT Fed's Kaplan speaking – negative rates, to be or not to be, is the hot topic – Robert Kaplan is president of the Federal Reserve Bank of Dallas 2230 GMT New Zealand – BusinessNZ manufacturing PMI for April

New York coronavirus statistics in California: See here for global coronavirus case data

Expect Navarro to become the sounding board for US-China tensions The White House and trade advisor Peter Navarro is on Fox news saying:

Pres. Trump speaking in other news from the White House crossing the wires: See here for global coronavirus case data

Dow leads the way It was an up and down day with lots of of volatility. At the end of the day, the major indices are closing higher and at session highs.  The biggest gainer was the Dow industrial average rose by 1.62%. The index had a volatile range of over 700 points. It is e

Falls below floor at 1.05065-084 The EURCHF has moved below a floor at the 1.05065-084 level and traded to the lowest level since July 2015 See here for global coronavirus case data

Up $2.27 The price of the June crude oil futures are settling at $27.56. That's up $2.27 or up 8.9% the high price reached $27.96. The low extended to $25.18