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Economic Indicators Released Overnight
Another day, another US Treasury auction. Bond yields fell and US rose as FED day approaches. Trump's line of fire would now seem to be Putin and sanctions on Russian oil.
Equities fell due to some bad earnings announcements and spike in VIX.
US Equities
Trump’s short fuse could set off Russian oil sanctions timebomb [Reuters]
Judge rejects bid by Trump ally to open Fed interest rate meeting to the public [CNBC]
China may gain greater control of Panama Canal after BlackRock deal misses deadline [Fox News]
More consolidation. Expecting a spike lower from the shooting star from 14th July. Haven't seen it yet.
Sanctions on Russian oil now confirms oil as this year's widowmaker trade.
USD higher this morning but Aussie tells the tale. Rejection of long-term resistance. Let's see if we break below the short-term channel.
S&P negative on earnings and FED meeting. VIX spikes on players taking protection.
10 year yield drops but we're still in the wedge.
US 10 Year Government Bond Yield Daily
China launches $500 annual baby subsidy in effort to boost births [FT]