SECURITY: Trump Will Greenlight Russia Sanctions If A Deal Appears Out Of Reach
Jun-05 16:38
US President Donald Trump has told reporters in the Oval Office that he will greenlight new sanction...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
FOREX: USDCAD Pressing Towards Cycle Lows Amid Trump Comments
May-06 16:28
- There has been limited reaction in the currency markets to the latest rhetoric from US President Trump, speaking with Mark Carney at the Whie House. The pop higher for equities, albeit brief, provides a bit of support for USDJPY’s intra-day recovery, momentarily rising above 143.00 before trading lower once more.
- It’s the comments on USMCA that potentially provide a bit more significance, as President Trump voices an opinion that it’s still very effective, and suggests he doesn’t know if it’s necessary to renegotiate the agreement anymore.
- Both MXN and CAD have traded to session highs on the back of this, with USDMXN largely respecting the short-term range between 19.55/75 and USDCAD narrowing the gap to last Friday’s (and cycle) lows of 1.3760.
- Potential is seen for a move towards 1.3744, a Fibonacci retracement. Note that moving average studies are in a bear mode position, highlighting a dominant downtrend for USDCAD.
TRUMP SAYS HE RESPECTS CARNEY, WANTS BETTER CANADA TRADE DEAL
May-06 16:25
- TRUMP SAYS HE RESPECTS CARNEY, WANTS BETTER CANADA TRADE DEAL
- TRUMP: WON'T RAISE CANADA AS 51ST STATE IN CARNEY MEETING
US TSYS/SUPPLY: Preview: 10Y Auction
May-06 16:25
- Treasury futures are holding mixed ahead midday ahead of the $42B 10Y Note auction (91282CNC1) at the top of the hour, WI currently 4.362%, 7.3bp rich to last month's stop.
- April auction recap: Treasury futures pared losses after the $39B 10Y note auction reopen (91282CMM0) stopped through again: drawing 4.435% high yield vs. 4.467% WI; 2.67x bid-to-cover vs. 2.59x prior.
- Peripheral stats: indirect take-up climbed to high of 87.90% vs. 67.41% prior; direct bidder take-up fell to record low of 1.4% from 19.51% prior; primary dealer take-up 10.7% vs. 13.08% prior.
