The upcoming Thursday CPI report is the pivotal event of the week, the last one before the Federal Open Market Committee convenes on the first of February. Predictions suggest that the data will show a decrease of 6.5% year-on-year from the prior 7.1%, still retreating from the peak of 9%.
Bank of America Global Research has conducted a time-zone analysis to review the performance of FX in 2022. This study divided a 24-hour day into 3 distinct time zones: Asian hours from midnight GMT to 8am GMT, European hours from 8am GMT to 1pm GMT, and US hours from 1pm.
At the auction, the high yield was 3.575%, with a WI level of 3.58%. The tail was -0.5 bps in comparison to the 6 month average of 2.0 bps. The bid-to-cover ratio was 2.53X compared to the 6 month average of 2.35X. The domestic demand, as measured by directs, was.
Later on today, the US Treasury will enliven the day by auctioning a total of $32 billion worth of 10-year notes. Today, markets are on the edge of their seats in anticipation of the CPI data that will be released tomorrow, which is why the majority of the major currency.
The Stoxx 600 is up 0.4 percentage points. The Dax is up 1.1 percentage points, the CAC is up 0.8 percentage points, the FTSE 100 is up 0.5 percentage points, the UK’s FTSE is up 0.5 percentage points, the Ibex is down 0.2 percentage points, and the MIB is up.
In the past 6 trading days since the EURJPY hit a low of 137.377 on January 3rd, it has increased five times. This equates to a rise of 544 pips. The cost soared to 142.85, nearly matching the 100-day moving average of 143.026. Furthermore, this price peak also came close.
Prior was +1694KGASOLINE +4114K vs +1186K EXPECTED Distillates -1069K vs -472K EXPECTED Production estimate +12.2 mbpd vs +12.1 mbpd SPR draw +800K (already reported) +17.627 mbpd (implied demand) +7.55 vs +7.51 mbpd prior Implied mboc demand 7.55 vs 7.51 mbpd prior The huge build was due to refinery closures because.
Today, WTI crude oil soared to as much as $77.15 but the price has since regressed to $76.00. This stock is experiencing a $0.98 increase today; however, it is threatened by the weekly US inventory data to be released in the near future. The private oil inventory figures from the.
The euro is having itself a nice day, rising 30 pips to 1.0765 and near a session high. The markets are pricing a 76% chance of a 50 bps hike from the ECB on Feb 2. That’s dipped from earlier this week.
Today, the three principal American indices have been trading up for the majority of the past four trading days, with the Nasdaq being on the brink of finishing in the green for four days in a row. The S&P and Dow have both advanced in three of the last four.
An attorney for Sullivan & Cromwell today told the Bahamian court that it has recovered more than $5 billion in cash, “liquid cryptocurrency” and other investment securities. That doesn’t include the roughly $400 billion in crypto held by the Securities Commission of the Bahamas. The recovered funds don’t include the.
It’s been a nightmarish few weeks of travel in the US. “Normal air traffic operations are resuming gradually across the United States following an overnight outage to the FAA’s Notice to Air Missions (NOTAM) system that provides safety information to flight crews. The ground stop has been lifted.” This article.