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  • 1h
    John Shaw John  Shaw
    Great piece as always Mike. Thank you for sharing.
    The world zigs just when you think its suppose to zag.
    The ears that I have on the...
    Michael O'Neill Michael O'Neill
    Thanks John.I think today s dip in usdcad is a head fake and a usdcad buying opportunity.
  • 3h
    Warren Buffet007 Warren Buffet007
    Therein Lies The Opportunity Look, the world runs on oil, period. Virtually everything is petroleum-based, from the obvious gasoline products to home furnishings and even food supply....
    Nadia Kazakova Nadia Kazakova
    Agree, the oil price is about demand and supply, and the oil prices should theoretically reflect that. It is hard to see, though, where the spike...
  • Squawk / Yesterday at 12:37 GMT
    Head of Macro Strategy / Saxo Bank
    US durable goods orders rebound 3.4% in June:

    Orders for durable goods, including aircrafts and vehicles, rose 3.4% m/m last month to more than offset the 2.1% drop in May (revised from -1.8%). The consensus expectation of 3.2% was not far off the mark.
    If you exclude the volatile transportation sector then orders rose a more modest 0.8% vs. 0.5% expected. However, May was revised lower to -0.1% from +0.5%.

    Capital goods orders, which serves as a proxy for future investment, rose 0.9%, nearly double the 0.5% expected, but again the revision was negative (to -0.4% from +0.4%). Capital goods shipments, a proxy for present investment, dropped 0.1% vs. +0.6% expected while May was revised down to -0.3% from +0.3%.

    Overall a much more mixed report than the headline reading of 3.4% suggests. EURUSD has not moved much on the release.
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