The Mexican peso jumped by more than 2% on the news the country has escaped President Donald Trump’s tariffs after capitulating to U.S. border policies. A key aspect of the deal is Mexico’s willingness to deploy the Mexican National Guard nationwide with a focus on its southern border. While...
has fallen to the lowest levels of the year, and we are set for an all-out medium-term reversal, ahead of tomorrow’s . We have been bullish on gold for a while, with our , as it was falling for the fifth straight day, which we considered a buying...
The Organization of the Petroleum Exporting Countries says it’s trying not to mix politics with oil. OPEC Secretary General Mohammad Barkindo should be applauded for his courage in saying that at a meeting in Iran—at present, the lion’s den of oil producers. Because nothing could be further from the...
U.S. equity markets have hit another rough patch. The and each finished the past week down for a third consecutive week while the was off for a fifth straight week. Most market watchers are pointing to continuing U.S.-China trade tensions as the primary culprit. But a...
U.S. futures, Europe rebound on Huawei ban's temporary relief Dollar climbs; gold, yen slip Defensive Utilities hit all-time high on Monday VIX keeps pointing to more pain coming up Key Events Futures on the , , and climbed in unison this morning after the U.S. to Huawei to maintain and...
US futures rebound; STOXX Europe 600, Hang Seng tick higher on HSBC earnings beats boosts Oil, yen and gold fall on dollar strength Yields enter downtrend on investors' flight to safety Key Events Europe shares opened higher and US futures rebounded this morning, shaking off the negative sentiment permeating Asian markets as...
Like a tired recording, we've recently been hearing this narrative day in and day out: “Oil prices are up 40 percent from a year ago, and US sanctions on Iran are largely to blame.” Crude Oil Weekly 2015-2018 It's supposed to explain why crude needs to trade higher and not lower....
The spectacular stock market rally since the end of last year has set in motion a powerful risk-on cycle. Increased confidence in the economy, growing optimism that equities will just keep going higher — it’s easy for traders to get caught up in this whirlwind and lose track...