Swiss Franc and Yen Ended as Strongest, Worst of Trade War Yet to Come
The Swiss Franc and Japanese Yen ended last week as the strongest major currencies. Sentiments were hurt deeply by worries on global trade war. Over week, DOW lost -2.03%, S&P 500 lost -0.89%, DAX was down -3.31%, CAC dropped -2.08%,...
Weekly Economic and Financial Commentary: Housing Starts Rise as Inventory Holds Back Sales
U.S. Review Housing Starts Rise as Inventory Holds Back Sales Following April’s upwardly-revised 3.1 percent fall, housing starts bounced back solidly in May, rising 5.0 percent to a 1.35 million-unit pace. Existing home sales fell for the second straight month...
The Weekly Bottom Line: Let the Good Times Roll!
U.S. Highlights The U.S. economy is barreling ahead with more momentum than we had expected. Our latest forecast upgrades real GDP growth to 3.0% in 2018, from 2.7% in March. 3% is difficult to sustain over the medium term. As...
USD: How Does the Escalating Trade War Impact the Greenback?
Global markets were thrown into flux once again when (yet again) US President Donald Trump poured gasoline on the simmering “Trade War” fire. This morning, Trump tweeted that “if [EU trade tariffs] are not soon broken down and removed, we...
OPEC Agrees to Boost Daily Production to Ensure Oil Market Stability
At the 174th Meeting of the OPEC Conference, OPEC members agreed that global crude oil market conditions further improved since its meeting last November, citing a strong global economy that is helping to spur relatively robust demand for oil. They...
Dollar Mixed as EU Trade Spat Escalates
The US dollar is mixed against major pairs. Safe havens like the Swiss franc, Japanese yen and the euro have gained against the greenback, while the Canadian and New Zealand dollars along with the pound are lower. Strong data in...
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