It’s been a bit of a grind in markets this week and, judging by the economic calendar, today will be more of the same. There is no economic data due but we have the weekly EIA oil inventory data and a seven-year note auction.
The highlight will be a speech on the economic outlook from Fed Governor Waller but that’s not until 6 pm ET (10 pm in London).
In the meantime, Treasury yields are 1 bps lower and S&P 500 futures are 0.3% higher as they look to erase the late swoon yesterday. Flows will dominate so eyes will be on the London fix as we count down to month-end.
This article was written by Adam Button at www.forexlive.com.
Recent Posts
Categories
Related Articles
Pain in the stock market: 8 things are adding up to an ugly selloff
US stock markets are under some heavy pressure today with the S&P...
Fed’s Goolsbee: Steel tariffs will raise production costs in region
Fed's Goolsbee is lurking around saying that:Steel tariffs will raise production costs...
USDJPY falls below the 50% midpoint
The USDJPY has moved below the 50% midpoint of the move up...
Baker Hughes oil rig count rises -7 in the current week
Baker Hughes rig count for the week shows:Oil rigs up 7 at...
Leave a comment