"The overnight drop in global bond yields has boosted interest rate cut bets across global markets, with money markets pricing in three Fed rate before the end of the year and as many as five cuts until mid-2020. "
The U.S. dollar sank against its rivals on Thursday, putting it on track for its biggest two-day drop in a year after the Federal Reserve signaled it was ready to cut interest rates as early as next month. The Fed joined global peers such as the European Central Bank and the Reserve Bank of Australia this week in signaling that more policy stimulus is needed to maintain growth. That fueled a rally in higher-yielding currencies such as the Australian dollar AUD= and the Korean won .[nL2N23R01O] “Certainly the market has taken this as a dovish turn and as a reason to sell dollars,” said Lee Ferridge, head of macro ... (full story)
The Philadelphia Federal Reserve’s manufacturing gauge tumbled this month, bolstering the Fed’s case for easier monetary policy. The Philadelphia Fed’s manufacturing index fell to ...
Working gas in storage was 2,203 Bcf as of Friday, June 14, 2019, according to EIA estimates. This represents a net increase of 115 Bcf from the previous week. Stocks were 209 Bcf ...
tweet at 10:15am: Iran made a very big mistake!
tweet at 10:05am: TRUMP DECISION TO RESPOND TO IRAN WILL BE TAKEN WITHIN HOURS - AL HADATH h/t @RedboxWire #OOTT tweet at 11:59am: REPORTS INDICATE THAT US PRESIDENT DONALD TRUMP IS CONSIDERING A MULTITUDE OF OPTIONS FOLLOWING THE DOWNING OF US DRONE IN INTERNATIONAL WATERS BY IRAN. A LIMITED STRIKE ON THE IRGC HAS BEEN CONSIDEREDAsked if US will strike Iran, Trump says ‘you’ll soon find out’ President Donald Trump on Thursday told reporters that “you’ll soon find out” whether the U.S. will strike Iran. U.S. officials said earlier in the day that Iran had shot down an American drone over the Strait of Hormuz. Trump tweeted “Iran made a very big mistake!” This is breaking news. Please check back for updates. tweet at 12:17pm: TRUMP SAYS IRAN MADE A BIG MISTAKE, U.S. DRONE WAS IN INTERNATIONAL SPACE, U.S. HAS IT DOCUMENTED tweet at 12:18pm: CANADA'S TRUDEAU SAYS VERY CONCERNED ABOUT ESCALATIONS IN TENSIONS WITH IRAN
tweet at 12:25pm: TRUMP SAYS HE DOES NOT FEEL LIKE HIS ADMINISTRATION IS PUSHING HIM TOWARD CONFLICT AND IN SOME CASES IT’S JUST THE OPPOSITE tweet at 12:25pm: TRUMP: IRAN INCIDENT PROBABLY A MISTAKE OF INDIVIDUAL PERSON https://t.co/lB6tJ1N5OG
The Australian Dollar rose Thursday after the Federal Reserve admitted it might cut interest rates before the year is out and amid mounting hopes the U.S.-China trade war will be ...