Author: FX
Sky News Arabia is reporting:Negotiations in Tehran have reached an understanding on broad outlines regarding the nuclear issue.Delivery of Uranium would be linked to lifting the sanctions and would be gradual.Focused on an understanding regarding the Strait of Hormuz which is still in negotiations. Iran still wants American guarantees for any agreement reached. Crude oil has reached a new low at $94.73. The current price is at $95.84. That is the lowest level since May 8th. Price is down but the oil needs to flow to rebuild stockpiles and get prices lower.The Univ. of Michigan consumer sentiment sent a shot…
ING economists Min Joo Kang and Lynn Song expect the Bank of Korea to leave policy rates unchanged this week but to adopt a more hawkish tone. They see updated dot plots pointing to one or two rate hikes within six months, alongside upgraded GDP and CPI forecasts. Strong chip production and resilient activity data are expected to support South Korea’s growth outlook.BoK seen steady but turning hawkish”We expect the Bank of Korea to keep rates unchanged on Thursday, but signal a hawkish stance.””Dot plots should indicate one or two rate hikes within six months, with the BoK upgrading its…
Kevin Warsh was sworn in as the 17th head of the Fed on Friday, the first chair to take the oath at the White House since Alan Greenspan in 1987, a venue choice that says plenty about how close this central bank now sits to the executive branch. The optics got stranger from there. The president used the ceremony to insist he wants Warsh to act independently and to ignore him entirely, an extraordinary thing to say from a man who spent two years publicly hounding the previous chair to cut faster, reportedly joked about suing his successor if rates…
Baker Hughes rig count Oil rig count =10 to 425Natural Gas Rig cound -3 to 125Total rig count for the week +7 to 558The price of crude oil is trading at $96.35 which is near unchanged on the day. The price remains below the 100 and 200 hour MA which is more bearish. Those MA come in near $100.74. The price before the February 28 start of the Iran War was near the low $60.This week, U.S. crude oil inventories posted a much larger-than-expected draw this week, highlighting strong demand conditions and continued tightness in the physical oil market. Commercial…
The WSJ are reporting that negotiations over Iran are at a critical stage, with mediators urgently trying to secure at least a temporary framework agreement to prevent renewed U.S. and Israeli military action. The core dispute centers on how quickly Iran must make nuclear concessions in exchange for sanctions relief and an end to hostilities. While there has reportedly been modest diplomatic progress, both sides remain far apart, and officials warn that failure to reach even a limited understanding could trigger new strikes and broader regional escalation. You have to start somewhere and putting the effort to small steps diplomatically…
Qualcomm, AMD lead AI and chip stocks higher Source link
Thank you Pres. TrumpIntend to fill roll with energy and purposeLook to faithful to the missionThese years can bring unmatched prosperity, that will raise living standards. INflation can be lower, growth strong.I will lead a reform oriented FedWill learn from past mistakes and successes. I will strive every day to serve our citizens well. It is an honor.Warsh becomes the 17th chair of the Federal Reserve. The Dow is up 9.75%, the S&P is up 0.59% and the Nasdaq is up 0.55%. This article was written by Greg Michalowski at investinglive.com. Source link
Although Canada’s inflation and retail sales data came in stronger than expected, the broader USD buying bias — along with retail sales details that were not as strong beneath the surface (with core sales slipping marginally) — helped push the Canadian dollar lower and the USDCAD higher.Technically, on the hourly chart, the USDCAD has now broken above both the 61.8% retracement of the decline from the late-March high at 1.38068 and the 200-day moving average at 1.3812. The pair reached a high of 1.3821 and is currently trading near 1.3817. Notably, the last time the price traded above the key…
President Trump swears in Kevin Warsh as the new Fed Chair in a White House ceremony:I expect Kevin Warsh to go down as one of the very best Fed Chairman.No one is better to lead the Fed, than Kevin Warsh. Has the deepest respect for the institutionThe Fed is the pillar of the world financial system. Do not look at me. Do your own thing. Be independent.Kevin will safeguard the Fed’s IndependenceWhen the economy is booming that is a good thingTrump wants to stop inflation but does not want to stop greatness. Warsh is looking to create economic growth. You…
Wall St climbs, Dow at record high with US-Iran talks in spotlight Source link