Another day, another session with a weak bullish bias trend supported by the same “old” song, the FED is going to cut rates, even if inflation picked up a bit, not only on the consumer side but also on the producer front, as showed by the economic data from the last two days. Nevertheless, Wall Street is grinding higher towards new record highs and right now only the earnings season or a lost “bullet” could derail the sentiment, like a tweet from Trump.
The Yen is getting an extra attention by buyers, but nothing too extraordinary, so its gains against the U.S dollar are around 0.3% to 108.15. West Texas Intermediate crude has stabilized at the $60 a barrel mark after a few rocky days, with the geopolitical tensions and the tropical storm in the Gulf of Mexico that could cut production in half for a while.
Photo by Jackson Jost.
