Fundamental and political news update

Within a busy and volatile market space today, there has been a stream of fundamental headlines that should be noted as follows:

  • US Treasury Malpass: US global economy strong despite stock volatility.
  • US Treasury sec Mnuchin: treasury tax guidance on pass-throughs coming soon.
  • Goldman Sachs now sees annual us core PCE increase at 1.9% at year-end from earlier estimate 1.9% after Jan cpi data
  • Goldman Sachs leaves subjective probabilities on march us rate hike unchanged at 95%.
  • WU: opposes Senators Mccain & Coons' bipartisan immigration plan, saying it would increase illegal immigration.
  • US Trs Sec. Mnuchin testifying + additional key funda/political headlines

US stocks turn-around in fickle post CPI data market place

There has been a complete turnaround in the markets as the NY session keeps going after investor's appetites flipped. The S&P is now back to levels pr
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NZD/USD recovers above 0.7300 on USD sell-off

The NZD/USD is trading some 60 pips higher on the day at around 0.7330.  The US released stronger than expected inflation numbers. Core CPI rose by 1
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