Forexlive America FX news wrap: US dollar likes Trump's bipartisan overtures
Forex news for trading on September 13, 2017.
- Record closes for the bunch. S&P, Nasdaq and Dow close at record levels.
- Forex technical analysis: What levels to eye through the AUD employment report
- UK Chancellor Hammond says during Brexit transition cliff edge will be avoided
- Trump comments on bipartisan talks on tax reform, healthcare, DACA
- US crude oil futures settle at $49.30/bbl.
- US monthly budget for August shows a deficit of -$107.7b vs -$119.0b estimate
- BOE Cunliffe on Sky news: Looking very closely at consumer lending
- OMB Director Mulvaney: Trump meeting with bipartisan leaders on tax reform at WH
- ECB Praet: Risks of deflation has largely disappeared
- US sells 29 year and 11 month bonds at high yield of 2.79%
- ECB QE broke EUR/CHF. Now QE is coming to an end
- Ted Cruz abandons fiscal conservatism. Wants tax plan that increases debt
- Bitcoin continues the Jamie Dimon fall today but stalls near retracement target
- Trump said to invite Schumer and Pelosi to dinner
- Weekly US oil inventories +5889K vs +4911K expected
- Euro spills to a six-day low. Tax plan helping US dollar
- US dollar gets back into gear
- Propaganda has completely changed and everyone is trying to figure out what comes next
- Teranet August Canada house price index +13.1% vs +14.2% y/y prior
- US PPI final demand 0.2% vs 0.3% estimate MoM
- The CAD is the strongest and the NZD is the weakest in the morning snapshot
In other markets, a snapshot at the end of day shows:
- Spot gold down -$9.49 to $1322.42. Gold is following the dollar. If the dollar goes up like it did today, gold goes lower and visa versa. Today was a down day
- US WTI crude oil i sup $1.09 or 2.26% to $49.33. The 200 day MA is just ahead at $49.54. The IEA said in its monthly report that robust global demand and an output drop from OPEC and other producers should help balance inventories.
- US yields are modestly higher. 2 year 1.3471, up 1.2 bp. 5 year 1.7670%, up 2.1 bp. 10 year 2.1883%, up 2.1 bp 30 year 2.781%, up 1.5 bps
- US stock indices all closed at record levels. The S&P closed up 0.08%. The Nasdaq closed up 0.09%. The Dow closed up 0.18%. Breaking records.