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Month: February 2019

British Pound Rally Takes Pause as US GDP Beats Expectations

GBP/USD has paused on Thursday, after recording gains throughout the week. In the North American session, the pair is trading at 1.3296, down 0.10% on the day. In economic news, there are no major British events. In the U.S., Advance GDP expanded 2.6% in the fourth quarter, above the estimate of 2.2%. Chicago PMI is …

British Pound Rally Takes Pause as US GDP Beats ExpectationsRead More

Larry Kudlow says US-China trade deal talks made ‘fantastic’ progress last week

National Economic Council Director Larry Kudlow said Thursday that trade talks between the U.S. and China are going great, noting the two countries are making “fantastic” progress in meetings last week. “Last week was fantastic,” Kudlow told CNBC’s “Squawk on the Street.” “We’re making great headway on nontariff barriers and tariffs regarding various commodities such …

Larry Kudlow says US-China trade deal talks made ‘fantastic’ progress last weekRead More

Dollar Surges as US Q4 GDP Grew 2.6%, Eyes on Treasury Yields for More Strength

Dollar regains some ground in early US session after stronger than expected Q4 GDP report. But at the time of writing, it’s still trailing behind Euro and Swiss Franc. The common currency is boosted up by strong rally in German 10-year yield, which is up 0.028 at 0.178. Swiss Franc, on the other hand, strengthens …

Dollar Surges as US Q4 GDP Grew 2.6%, Eyes on Treasury Yields for More StrengthRead More

Unexpected Ending To Trump-Kim Summit Rattles Investor Confidence

A negative vibe swept across financial markets this morning after the US-North Korea summit ended abruptly and with no agreement reached. With US President Donald Trump stating that the US is unwilling to lift sanctions and North Korea “unprepared” to meet his demands, the chances of a breakthrough deal happening anytime soon are unlikely. However, …

Unexpected Ending To Trump-Kim Summit Rattles Investor ConfidenceRead More

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