Trump's personal lawyer summoned to testify on Sept 5
13.06.2017
Cohen to testify in SeptemberThe takeaway here is the date. The Russia story isn't going away.He will testify at the House Intelligence Committee.
13.06.2017
Cohen to testify in SeptemberThe takeaway here is the date. The Russia story isn't going away.He will testify at the House Intelligence Committee.
13.06.2017
Breaks below 1.1200.The earlier post today spoke to the 1.1200 level as a level to get below for the bears/sellers. The high today stalled at the 50% of the move down from the June 6th high at 1.12248. The 1.1200 level was a floor intraday (and going back to yesterday as well - see red circles in the chart below).
13.06.2017
Trump on healthcareHealth care will pass 'as soon as we can' get it doneNumbers on GOP health bill will be 'shockingly good''Maybe we'll add some dollars' to health care billIt tough to believe that Trump has suddenly grasped the nuances of healthcare.
13.06.2017
Will the Fed hikeThe Fed funds futures market is pricing in a 94.8% chance of a 25 bps hike on Wednesday with a 5.2% chance they leave rates unchanged. That's according to Bloomberg calculations based on the Fed's effective rate.A separate calculation from the CME puts the odds of a hike at 99.6%.In any case, the market is saying it's basically a done deal. The Fed had plenty of opportunities to d
13.06.2017
Smets on the ECB thinking"ECB would like to see more evidence of domestic inflation," he said to reporters in Brussels. He also said the ECB wants to monitor if the inflation adjustment is sustainable.Draghi talked about structural changes to inflation at this month's press conference. He said that automation, trade and regulation have taken away negotiating power from workers and that could restr
13.06.2017
U.S. Attorney-General Jeff Sessions to testify at 2:30 pm ET( 1830 GMT)Trump team ties to Russia are back in focus today with Attorney-General Jeff Sessions set to testify for the Senate Intelligence Committee today.The committee is investigating ties between Trump's team and Russia. Sessions himself has been under fire for undisclosed contacts with Russia. During the campaign he twice m
13.06.2017
That ain't muchThe AUDUSD moved to a high against the highs from June 7th and stalled for the 3rd and 4th time today (see green circles in the chart below).
13.06.2017
Moves to unchanged on the dayThe USDJPY has cracked below its 100 hour MA at 111.026 and there were some stops triggered down to 109.90 (see prior post).
13.06.2017
According to an EU source cited by Bloomberg, the EU and IMF disagree on the sustainability of Greek debtLet me help out.It's not sustainable, it will never be sustainable. Even if it appears to be sustainable, your forecasts are too optimistic. Even if your forecasts are pessimistic, Greece will find a way (possibly with the help of Goldman Sachs) to make the debt unsustainable.Don't le
13.06.2017
Sounds like someone is about to be disappointedI have long assumed that the administration and Republicans would abandon fiscal discipline in favor of a growth-boosting strategy but I'm starting to think otherwise.The only rise in spending appears to be going to the military while the supposed infrastructure super-fund is looking like a bust.At best, a tax cut is on the horizon along with deregula