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09:00 am New York time, which is 1300 GMT: Federal Reserve Bank of New York President John Williams gives opening and closing remarks before New York Fed Web Series on Culture: “Shifting Norms? The Intersection of Technology and Culture in Financial Services”
USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD/CNH has no restrictions on its trading range. A significantly stronger or weaker rate than expected is typically considered
ING with a pithy summary of oil supply woes, commenting in wake of the big plunge in price on Tuesday: The oil market remains tight and given the expectation that Russian oil supply will decline as we move through the year, the
Tuesday saw a huge drop for the oil price. Too far says Goldman Sachs. Citing the global supply deficit still remaining unresolved. GS add that its to soon for the oil price to drop on recession concerns. Headline via news wires. GS
This from Bloomberg, citing analysts at Citi. In a recession scenario, Brent crude oil prices could fall back down to $65/bbl on their way to the bottom of the cost curve by year-end This article was written by Eamonn Sheridan at www.forexlive.com.
Russian court order: The Caspian Pipeline Consortium has been ordered to halt Black Sea oil loadings for 30 days Due to violations of a spill-prevention plan. Info via Bloomberg — CPC’s oil terminal is located on Russia’s Black Sea coast. Its a key
The morning bank notes are focusing on the Tuesday price responses to growing recession fears: lower oil higher USTs higher USD steady yen With a bare data agenda Asia is awaiting headlines and China’s opening for direction. Euro crumble … the news
I don’t know if anyone had some fun with this one from last week: Oil technical analysis – daily chart prints a reversal candle – unleash the bear? There were two comments on that post, well done to those who caught it.
The Russell sold off in the first half of the day, all the way to the Value Area Low (lower blue line in the video) of the volume profile for the price range Following, RTY staged a V shaped recovery (4 hour
18 cases were found in the city. And thus China’s ‘zero’ policy has kicked in. Xi’an is a city of 13 million. City official Zhang Xuedong said … Xi’an would implement “seven-day temporary control measures”, including: Public entertainment venues including pubs, internet