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Trump hands out the get-out-of-jail-free cards Trump has handed out a handful of pardons today including: former New York police commissioner Bernie Kerik former San Francisco 49ers owner Eddie DeBartolo Jr junk bond king Michael Milken ex-Illinois Governor Rod Blagojevich The first three had long-ago served their sentences so this was mostly a symbolic move
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Watch out for the early February high around 7.0256 ForexLive The risk-off mood in the market is pushing the yuan lower on the day – part of the reason weighing on the aussie and kiwi – as USD/CNY now rises back above 7.0000. Looking at the chart, we are moving closer to being just one
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US markets are closed in observance of President’s Day The market snapped three consecutive Fridays of risk aversion at the end of last week ahead of the long weekend in the US and investors are certainly feeling vindicated right now. Coronavirus headlines progressed as per the usual, without any overwhelming surprises – for now at
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A rough day for Japanese stocks but it could have been worse ForexLive The Nikkei slips to start the new week after a dismal Japanese Q4 GDP report earlier but the drop in equities have been limited by China’s continued pledge for stimulus to bolster its economy and its stock market. Chinese equities are faring
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Daily thread to exchange ideas and to share your thoughts Good day, everyone! Hope you’re all doing well as we get things going in the session ahead. It’s been a calmer start to the new week with risk keeping a more steady footing. The aussie is leading gains in the currencies space but overall movement so far
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Xinhua reports on the matter The report says that the National People’s Congress (NPC) standing committee are holding a meeting next Monday to review a delay of the annual session, slated to begin in March. This isn’t the first we’re hearing of this, as there was also a report here last week. With the coronavirus
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Slightly more positive tones in early trades German DAX futures +0.4% French CAC 40 futures +0.3% UK FTSE futures +0.3% ForexLive The more optimistic risk tone here follows that from Asian trading as we see Chinese equities surge higher on the day, closing their post-holiday gap lower from two weeks back. That is helping with
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The more positive risk mood continues in the European morning Eurostoxx +0.5% Germany DAX +0.9% France CAC 40 +0.6% UK FTSE +0.9% Spain IBEX +0.6% ForexLive Risk is getting a nice shove higher to start European trading today with Treasury yields also hitting session highs across the curve now. 10-year yields are up by 4
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2145 GMT New Zealand Building Permits for December prior -8.5% m/m 2230 GMT Australia weekly consumer confidence ANZ/Roy Morgan survey prior 108.0 2350 GMT Japan monetary base, January 0330 GMT RBA monetary policy decision and Governor Lowe’s accompanying statement I’ll have more to come on this separately, but these in the meantime: ForexLive
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