Yen and Dollar Not in Reversal Yet, Low Expectation on US-China Trade Talks
The forex markets are clearly in consolidation mode today. Yen and Dollar trades broadly lower as they digest recent gains. But Canadian Dollar is, at the time of writing, the weakest one. Australian Dollar and New Zealand Dollar are the...
White House economic advisor Kudlow confirms trade talks to resume with China later this month
White House economic advisor Larry Kudlow confirmed Thursday that the U.S. and China will resume trade talks later this month, but warned that President Donald Trump has a strong resolve to make sure the administration gets a good deal. Kudlow...
Trump thinks his tariffs are saving the US steel industry
President Donald Trump believes his divisive metals tariffs will save the American steel industry — despite any pain the duties have caused so far. In an interview Wednesday with The Wall Street Journal, the president contended that his trade actions...
US jobless claims fall for a second straight week
The number of Americans filing for unemployment benefits fell for a second straight week last week, suggesting no impact yet on the labor market from ongoing trade tensions between the United States and its trading partners. Initial claims for state...
US homebuilding rebounded less than expected in July from a nine-month low
U.S. building of houses rebounded less than expected from a nine-month low in July, suggesting the housing market was likely to tread water for the rest of this year against the backdrop of rising mortgage rates. Housing starts rose 0.9...
ETP leader reckons on risk reduction to crack FX market
Flow Traders’ financial results for the first half of this year underlined its status as a European ETP powerhouse. The firm traded €448.7 billion of ETPs between January and June, and while a report published earlier this year by Cboe...
UK Retail Sales Beats Expectations, Renewed US/China Trade Talks Soothes Risk Appetite
Notes/Observations Risk sentiment improves on US-China trade dialogue set to resume but remains fragile due to Turkish and Italian concerns UK July Retail sales data handily beats expectations aided by discounts, world cup and hot weather Norway Central Bank keeps...
Turkish Lira Erases Its Economic Attack Losses
Thursday August 16: Five things the markets are talking about This week, the mighty U.S dollar has gained traction from safe-haven investment flows on the back of trade disputes between the U.S and China. Nonetheless, investor risk sentiment has received...
Amazon is reportedly considering an insurance comparison website for the UK
Amazon is speaking with a number of leading European insurers about the creation of a price comparison website in the U.K., Reuters reported Thursday. The report, which cited three executives within the insurance industry, said it was not immediately clear...
Yen and Dollar Pare Gains as US-China Trade Talk to Resume
While the financial markets are staying in risk averse mode generally, two development helped stabilized sentiments mildly. Firstly, Qatar offered to inject investments in Turkey as an act of “friendship”. The news helped lifted DOW from day low of 24965.77...
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