Markets Market-
- Gold from $ 3 to $ 1844
- U.S. 10-year production fell from 7 bps to 2.79%
- WTI crude oil rose from $ 95-cent to $ 110.83.
- S&P 500 up 0.1%
- Nasdaq -0.3%
- NZD leads, Euro delayed.
The S&P 500 weekly fall was the seventh in a row, the longest since 2001. The most visible streaks were 8 weeks in 2001 and 1970. From Combined Consultants.
There is a lot of focus on stocks right now. The S&P 500 opened higher, then fell more than 2% to its lowest point, but recovered too late in the day to finish the break.
Surprisingly, the relationship with FX has broken down. Overall, the dollar was soft today and the Yen crosses were much higher. This is a recent trend.
For the second week in a row, bonds are producing a different tone. That may reflect the hatred of danger, but at least for now it argues that it has done so.
In terms of daytime activities, it was a cut in FX. The price action was ultimately on most fronts in New York business, although the cable was close to the highs and the euro was close to the lowest.
There was a permanent auction in Kiwi. With the Australian dollar, they both tested the Asian low and then moved higher.
CAD delayed his relatives but not surprisingly. The amazing resilience was as high as oil. This was not a concern for Loni, although she was concerned about housing congestion. Note that Canada went on vacation on Monday.
Happy weekend.
