WH Larry Kudlow speaks on Bloomberg TV Larry Kudlow is on Bloomberg TV saying: If there is aspirational goals to reopen, I suspect it will be spearheaded by the private sector. How?
Blogs
EUR/USD: Staying tactically bearish for a retest of 1.0770 ahead of 1.0635 – Credit Suisse
What's next in the euro Credit Suisse discusses EUR/USD technical outlook and stays biased bearish for a retest of its long-term uptrend and April low at 1.0770/68 in the near-term.
Merkel: We shouldn't move too quickly easing the lockdown
Comments from Merkel: The next big leg in markets might be based on how the virus responds to easier lockdowns. My guess is that it goes ok because people are being very cautious right now, even if things are open.
It’s official: Iconic O Beach Ibiza to open in Dubai later this year
The hedonistic Ibiza party spot is (finally) coming to Dubai… After years of planning, one of Ibiza’s biggest and most famous beach clubs, O Beach, has finally announced its first-ever Dubai location and it’s set to open this winter… Set along the beachfront of Dubai’s Habtoor Grand hotel on JBR, O Beach Dubai will take […] The post It’s official:
Audio recap: Will there be any support for oil this time?
A look at what's happening in the oil market The big story as the week gets going is the latest dump in the price of oil, with the commodity sinking to a 21 year low. Worry about the US running out of storage is the primary driver behind the price decline, though with the market […]
WTI extends decline to 40%, Canadian physical oil goes negative
The physical damage is even worse than futures May WTI crude is now down $7.42 to $10.85 — a drop of 40.6% on the day. It's the worst day ever for a crude contract. The June contract is also now down $3.28, or 13.1%, to $21.76.
The US-China relationship is headed towards a true breakdown
Anger is brewing People want a scapegoat for the pain of COVID-19 and in the US at least, it's going to be China. I'm not even weighing in on who is responsible for anything. There's not going to be anything rational about the blame game. There's nothing rational about racism either, but it's coming. I'm […]
Retail traders are getting slaughtered in oil
Retail money continues to pile into the trade Hedge funds see a chart like this and absolutely lick their chops. It shows shares outstanding in USO, which is the main oil ETF.
Canada February wholesale trade sales +0.7% vs -0.4% expected
February wholesale trade sales data: See here for global coronavirus case data
Teranet March Canada house price index +3.8% vs +2.9% y/y prior
Canada March house price data from Teranet and National Bank The housing market is interesting right now because there's a strike among both buyers and sellers.