Forex Market News .. collected from serval sources, all in one place for you to review.
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New Zealand food prices -0.1 percent in February
For the y/y, +4.5%
Data from Statistics New Zealand.
Food prices make up nearly 19 percent of the consumer price index.
This article was written by Eamonn Sheridan at investinglive.com.New Zealand food prices -0.1 percent in February
For the y/y, +4.5%
Data from Statistics New Zealand.
Food prices make up nearly 19 percent of the consumer price index.
This article was written by Eamonn Sheridan at investinglive.com.Trump on his visit to China to see Xi:
"I'd love to go, but I have to be here because of the war."
"We asked to delay it a month."
This article was written by Eamonn Sheridan at investinglive.com.Trump on his visit to China to see Xi:
"I'd love to go, but I have to be here because of the war."
"We asked to delay it a month."
This article was written by Eamonn Sheridan at investinglive.com.Axios reports:
A direct communications channel between U.S. envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi has been reactivated in recent days, according to a U.S. official and a source with knowledge.Trump today said they weren't talking about a deal but it would make sense that both sides would at least want to establish some channels.
The Axios report says it's not clear how substantive the messages passed were but they're the first known communication.
The foreign min has repeatedly tweeted throughout the war.
Yesterday he wrote:
Iran has neither sought a truce nor talks. Such claims are delusional. Our Powerful Armed Forces will keep firing until POTUS realizes that illegal war he's imposing on both Americans and…FYI Top Producers (barrels/day)
Trading is 90% preparation and 10% execution so let's spend some time preparing for an end to war. The market is clearly optimistic today but that could just be an unwind of fears of weekend escalation. There are so many moving parts here and iterations of how it could end but let's make one simple assumption: The free flow of oil through Hormuz is re-established. Whether that's a Trump TACO or Iran capitulation is largely irrelevant in terms of most market moves.
So let's say the oil gets moving again and the headline hits. What are the trades you want to think about?
1) Short oil
This is the obvious one and it's the big one. It's the torque on any kind of post-war trade and the clearest expression of war trades. May WTI is down $4.23 to…
Trading is 90% preparation and 10% execution so let's spend some time preparing for an end to war. The market is clearly optimistic today but that could just be an unwind of fears of weekend escalation. There are so many moving parts here and iterations of how it could end but let's make one simple assumption: The free flow of oil through Hormuz is re-established. Whether that's a Trump TACO or Iran capitulation is largely irrelevant in terms of most market moves.
So let's say the oil gets moving again and the headline hits. What are the trades you want to think about?
1) Short oil
This is the obvious one and it's the big one. It's the torque on any kind of post-war trade and the clearest expression of war trades. May WTI is down $4.23 to…
The headline number has been sliding — the index fell to 36 in February, down from 37 in January, which itself dropped from 39 in December. That's now 22 consecutive months below the 50 line that separates positive from negative builder sentiment, and it came in below the consensus forecast of 38.
I'm surprised to see improvement in this survey given higher oil prices and borrowing costs.
The main culprit is affordability. High price-to-income ratios, elevated land and construction costs, and mortgage rates that — while improving — remain well above pandemic-era levels are all weighing on…
Trump posted on Truth Social:
News Conference today, prior to Trump Kennedy Center Board Meeting. Thank you!
I still can't find a specific start time published for today's meeting. None of the reporting includes a scheduled time — just that it's happening today (Monday, March 16) at the White House. The exact time doesn't appear to have been made public, which fits with the fact hat this is a closed board meeting rather than a public event.
If I had to guess, White House meetings of this kind typically happen during normal business hours — likely late morning or early afternoon, somewhere in the 10 a.m. to 2 p.m. ET range. But that's purely speculation on my part.
Obviously any comments about the war will be critical. Perhaps he's already…