As such, worse-than-expected PMI readings may deliver a notable blow to risk appetite and a meaningful boost to the US Dollar. Early in June, one Euro cost $1.1300. less We’ve talked at length this week about why investors are falling hard for the euro. But now the dollar has hit its key rising trend, a trend in place since 2011. In addition to vanishing demand for safe-haven currencies, US Dollar selling pressure has largely corresponded EUR/USD price action surging to fresh 2020 highs. This morning it cost almost $1.1600 to purchase one dollar. Good luck with that as the US Dollar has just approached a key level. Tracked by the DXY Index, the US Dollar has swooned nearly 3% since the end of June. For all of these reasons, unless there’s unambiguously negative euro news, the pair’s uptrend should remain intact. The world will be better off with a strong Euro, backed up by a strong EU fiscal union.
Silver s industrial uses mean it shines when lockdowns lift, but there s a political dimension too. In short, the Fed is blowing bubbles, many believe on purpose, and gold has responded to the stress. On their helmets, players will see the team’s former logo replaced with their number in gold, ESPN reported.
After all, it is the largest single producer of oil in the United States. For natural gas traders, today’s inventory figure was very bullish. In and of itself, there is no problem with this methodology – it’s a valid way of tracking natural gas through time. If you were monitoring the news today, then you likely noticed that natural gas inventories rose by 37 BCF. The first source of return is the actual movements in the general prices of natural gas. The key answer to this question is contained in the fact that natural gas inventories are cyclical. Every year, the oil and gas industry flares some 140 billion cubic meters of natural gas. Investors have always had the swing vote in oil and gas. Today’s natural gas inventory report was slightly above average and yet the market responded with strong buying activity. For this reason, I must temper my bullishness in natural gas as it relates to UNG. One of these things is the fact that demand for natural gas has been suffering due to a slowdown in business activity from the coronavirus.
Source: Bloomberg Oil prices fell on the day as stocks sank with WTI findingh brief support at $41..
Economic improvement in the US is in doubt as Coronavirus cases surged higher in states that had reopened. Analysts at the Brookings Institution concluded Mr Trump has made “very little progress” on the coast-to-coast border barrier he promised as a candidate in 2016. Mr Trump told reporters earlier as he departed the White House that his administration has constructed over 200 miles of structure along the US-Mexico border since he took office. I would print Trump’s exact words but the government’s prepublication review process has decided otherwise.” VoteVets, a group of veterans opposed to Mr Trump, have been especially critical of the president since the story broke. In a statement sent to The Hill, Erin Perrine, director of press communications for the Trump campaign, criticised the new attack ad. On the opposite end, though, were several reports from major companies like Twitter and Whirlpool showing that their businesses held up better during the spring than Wall Street expected.
With stocks weak all day, and accelerating to the downside in the afternoon, some were wondering when Jerome “Jay” Powell would answer Steve Mnuchin’s phonecall. While the Fed can certainly control the short end of the curve, long-term duration yields are generally set by growth and inflation expectations. Mr Deere did not indicate whether or not Mr Trump raised the issue of hacking, but said the leaders discussed preparations for upcoming weapons discussions involving China. The APM Research Lab released a report earlier this month that found black Americans have suffered 24.3 per cent of the known Covid-19 deaths in the US. “The Trump administration has not been successful in getting Congress to appropriate the sums that Trump envisions the wall would require. While they make up 62.2 per cent of the US population, their share of the Covid-19 death total is just 51.7 per cent. News > World > Americas > US politics Close Infectious disease expert Anthony Fauci is one of the leading voices in the US on the coronavirus pandemic.
Still, the editorial goes on in just a few months the EU has embraced emergency fiscal transfers.