Trump-China trade war is ‘like pro wrestling’ but sometimes folks still get hurt: Pimco advisor
Trade war tensions could get worse before they get better. And if the U.S. and China aren’t careful, one or both nations could get hurt, Joachim Fels, global economic advisor at Pimco, told CNBC on Thursday. “I don’t think a...
Becoming a Better Trader – Trading Breakouts and Pullbacks, Part I
Today, we discussed two general types of breakouts – simple price level breakouts (support/resistance) and those involving various types of chart patterns. Not all set-ups are created equally, with some presenting more attractive risk/reward opportunities. We also discussed a few...
Australian Retail Sales Eyed ahead of RBA Meeting; Aussie Sensitive to Trade Tensions Too
Australian retail sales data for June will be hitting the markets on Friday at 0130 GMT, in what is perhaps the last important release before the Reserve Bank of Australia concludes a meeting on monetary policy next week. Meanwhile, Australia...
UK Services PMI to Revert to Slower Gear in July; Unlikely to Prove a Big Driver for Pound
After the highly anticipated Bank of England decision on Thursday, the focus for sterling at the end of the week will turn to the services PMI out of the United Kingdom on Friday at 08:30 GMT. The IHS Markit/CIPS services...
Wilbur Ross and Chris Coons: How the US can level the playing field as China pours money into Africa
The African continent offers real opportunities thanks to some of the world’s fastest growing economies and an expanding labor force. As a Cabinet Secretary and a Democratic Member of the Senate Foreign Relations Committee, respectively, we agree that the United...
Here’s how much you have to earn to be in the top 0.01% in every US state
We already let you in on how much the top 1 percent earn, but the top 0.01 percent of U.S. earners are in an entirely different league. According to a new Economic Policy Institute (EPI) report, to be in the...
Sterling Hammered as BoE Paints a Slower Rate Path ahead, Dollar and Yen Strong on Trade War
Sterling falls sharply today even though BoE delivers the highly anticipated rate hike. Selloff comes in after the dovishness as seen in the inflation report is confirmed by Carney’s press conference. Australian Dollar and New Zealand Dollar follow as the...
BOE Review: Unanimous Rate Hike Decision Fails to Revive Pound
BOE surprisingly voted unanimously to raise the Bank rate, by +25 bps, to 0.75%. This marks the first increase since last November and the second since global financial crisis. The Committee revised higher forecasts for GDP growth and inflation for...
Square makes tiny profit on bitcoin and says it won’t be a money ‘engine’ anytime soon
Square generated $37 million in revenue on bitcoin in the second quarter but it spent almost as much to offer free trading of the volatile cryptocurrency on its Square Cash App. For now, the payments start-up says it’s not relying...
Fears About Higher U.S. Rates And Trade Wars Renewed Pressure On Emerging Markets
The US Fed kept its interest rates unchanged and indirectly confirmed the pace for further tightening of the monetary policy. The Fed noted the labour market strengthening, as well as the strong growth in household spending and business investment. The...
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