EUR/USD
1.13972
-0.159%
Gold
4057.28
-1.243%
Oil
74.195
3.810%
USD/JPY
162.082
0.218%
GBP/USD
1.33748
-0.172%
GBP/JPY
216.786
0.046%
Real-time News
July 13th - Investors will be watching newly appointed Federal Reserve Chairman Kevin Warshs semi-annual testimony before Congress on Tuesday and Wednesday for his latest views on inflation and interest rates, as well as updates on the progress of his plans to reform the Fed. Warsh is likely to be questioned by members of Congress about his broad Fed reform plans. The Fed previously announced the appointments to five working groups established by Warsh to assess everything from communication methods to the size of the balance sheet. Ian Lingen, head of U.S. interest rate strategy at BMO Capital Markets, said investors will be watching Warshs testimony for more details and guidance on how the chairman is shaping the overall state of the U.S. economy and Fed policy. The market is currently in a state of low trading volume and low confidence, at least until Tuesdays inflation data and Warshs testimony.JPMorgan Chase raised its price target for Delta Air Lines (DAL.N) from $85 to $114.According to the Financial Times, the EU has purchased a record amount of natural gas from Russia’s flagship plant.Goldman Sachs: If pipeline capacity bypassing the Strait of Hormuz is expanded in the future, it will pose a downside risk to the long-term price assumption of $76 per barrel.Goldman Sachs: Recent attacks highlight the uncertainty surrounding the export outlook in the Gulf region, and a serious escalation of the situation could exacerbate the risk of short-term upward movement in oil prices.
