China's Wang Yi, after meeting with India's Modi, said they reached an agreement to restart dialogue mechanisms in various fields. He said under the current international situation, the strategic value of China-India cooperation is more prominent.
Tue, 19 Aug 2025 19:29:47 -0400
US Treasury Chief Bessent said the US has had very good talks with China. He said the status quo with China is working very well.
Tue, 19 Aug 2025 19:25:20 -0400
Markets are almost fully pricing in a 25bp rate cut, which would take the RBNZ's Official Cash Rate down to 3.00%. OIS pricing is currently sitting around a 92% probability for a cut.
Tue, 19 Aug 2025 19:11:16 -0400
North Korea's Kim Yo Jong said South Korea cannot be a diplomatic counterpart to North Korea, according to Yonhap. She said South Korea's President Lee Jae Myung cannot turn the tide of history.
Tue, 19 Aug 2025 17:19:37 -0400
Natural gas extended its decline Tuesday, breaking recent lows and confirming a bearish continuation, with traders eyeing potential downside targets clustered between $2.54 and $2.51.
Tue, 19 Aug 2025 17:12:34 -0400
It wasn't a great day for risk sentiment yesterday. The S&P 500 closed -0.57% at 6,412, the Nasdaq 100 -1.39% at 23,385, while the Dow was basically flat (+0.02%) and small caps (RUT) fell 0.77%.
Tue, 19 Aug 2025 17:02:45 -0400
Markets barely moved on Monday despite the high-level peace talks in the background. There was some progress, but significant barriers persist.
Tue, 19 Aug 2025 17:00:00 -0400
Looking ahead, the Pound to Australian Dollar exchange rate may extend its gains through the middle of the week, with the publication of the UK's consumer price index. July's CPI release is forecast to report another acceleration in inflation, with economists predicting price growth will climb from 3.6% to 3.7%, its highest level since.
Tue, 19 Aug 2025 17:00:00 -0400
Crude oil extended its consolidation activity Tuesday, holding between $62.19 support and $64.18 resistance, as traders weigh potential bearish continuation against signs of short-term reversal.
Tue, 19 Aug 2025 16:58:06 -0400
A White House official said Trump and Hungary's Orban discussed Ukraine's EU accession talks. They also discussed Budapest as a possible site for a Zelenskiy-Putin meeting.
Tue, 19 Aug 2025 16:49:05 -0400
Results via oilprice.com on X: Expectations ahead of the release that I could see was: Headline crude -0.3mn barrels Distillates +0.7mn bbls Gasoline -0.7 mn This data point is from a privately-conducted survey by the American Petroleum Institute (API). It's a survey of oil storage facilities and companies The official report from the EIA is due Wednesday morning US time.
Tue, 19 Aug 2025 16:45:58 -0400
Bloomberg reported that Mexico will propose reinstating a North American steel committee. The aim is to improve trade ties with the US.
Tue, 19 Aug 2025 16:17:16 -0400
Oil traders cut their bets on additional Russia-related sanctions.
Tue, 19 Aug 2025 14:30:23 -0400
With CPI easing but PPI spiking, Powell's Aug. 23 Jackson Hole speech lands as markets reassess a September cut. Tariff pass-through risks and softening jobs strain the Fed's dual mandate.
Tue, 19 Aug 2025 14:10:02 -0400
The New Zealand Dollar (NZD) weakens against the US Dollar (USD) on Tuesday, as traders reposition ahead of key macro catalysts, including the release of the Federal Reserve's (Fed) July meeting minutes and the Jackson Hole Symposium later this week. The Greenback edges higher across the board amid cautious sentiment, adding pressure on the Kiwi ahead of Wednesday's Reserve Bank of New Zealand (RBNZ) interest rate decision.
Tue, 19 Aug 2025 13:45:02 -0400
As far as I know there has been any additional comments from the US in regard to additional sanctions. It may be that they are giving some time.
Tue, 19 Aug 2025 12:03:06 -0400
DXY softens as traders await Powell's Jackson Hole speech. With inflation mixed and jobs data weak, rate cut bets remain in play heading into Friday.
Tue, 19 Aug 2025 11:36:12 -0400
WTI Crude Oil remains under pressure on Tuesday, trading around $62.00 per barrel, as markets digested signs of de-escalation in the Russia-Ukraine conflict and positioned cautiously ahead of key macroeconomic events. The fading geopolitical risk premium, coupled with concerns over a mounting global supply glut, continues to weigh on sentiment and limit upside potential for Crude Oil prices.
Tue, 19 Aug 2025 11:30:18 -0400
New Zealand GDT Price Index: -0.3% vs previous 0.7%
Tue, 19 Aug 2025 11:10:21 -0400
The Dollar Index had been in the middle of many headwinds, as per usual. After a stellar July followed by and N-shaped (for nope) downward spiral in the beginning of August, it has been difficult to spot where the Greenback is heading.
Tue, 19 Aug 2025 10:29:18 -0400