Australia S&P Global July flash services PMI at 53.8 (vs 51.8 in June) Australia S&P Global July flash manufacturing PMI at 51.6 (vs 50.6 in June) Composite 53.6 (prior 51.6) All three moving further into expansion, solid results indeed. And you lot want a Reserve Bank of Australia rate cut? 😉 ps, Reserve Bank of … Read more
Tesla CEO Elon Musk said he expects European sales to accelerate following regulatory approval of its Full Self-Driving (FSD) system. In China, the company is working to navigate regulatory barriers to bring FSD to market. Despite facing global trade and tariff headwinds, Tesla continues to expand. Musk noted that the rollout of Tesla’s robotaxi service … Read more
The White House has downplayed recent reports suggesting a potential trade agreement with the European Union, cautioning that any talk of a deal remains speculative at this stage. Officials emphasized that while discussions may be ongoing, there is no confirmed framework or agreement in place, and any assumptions about the outcome would be premature. Earlier: … Read more
Treas. Sec. Bessent is speaking and says: We could see 1– 2 rate cuts this year Have breakfast with Fed Chair Powell almost every week. This article was written by Greg Michalowski at investinglive.com. fbs.mobi
The GBPUSD is trading to a new session high, breaking above the 50% midpoint of the July trading range at 1.35764. Earlier in the day, the price approached that level but encountered willing sellers, leading to a pullback to 1.3552, just below the swing area support at 1.3561. However, buyers quickly returned, lifting the pair … Read more
High yield 4.935% WI level at the time of the auction 4.951% Tail -1.6 basis points vs six month average of -0.1 basis points Bid to cover 2.79X vs six month average of 2.62X Directs 21.86% vs six month average of 18.0% Indirects 67.43% versus six month average of 68.0%. Dealers 10.72% versus six month … Read more
The FT is reporting that the US and EU are closing on a 15% tariff deal: US would waive tariffs on some products including aircraft, spirits, and medical devices EU could agree to the so-called reciprocal levies to avoid the US presence threat to raise them to 30% from August 1 EU bloc will continue … Read more
The GBPUSD is pushing to a new intraday high and is now extending away from the 38.2% retracement of the July trading range, located at 1.35263. Late yesterday, the price oscillated around that level into the U.S. close, showing indecision. During the Asian session, a corrective dip held support near the high of a key … Read more
Crude oil inventory -3.169M vs -1.565M estimate Gasoline -0.908M vs -0.908M estimate Distillates 2.931M vs -1.135M estimate’ Cushing 0.455M vs 0.213M last week. The private data released late yesterday showed: The price of crude oil is currently trading down $0.45 or -0.69% at $64.95. The price is trading above and below its 100 day moving … Read more
Trump follows up: This article was written by Greg Michalowski at investinglive.com. fbs.mobi
