‘More bumps in the road’ before US-China trade deal, former Treasury Secretary Jack Lew warns
A new round of trade talks between American and Chinese officials could help bring an end to the global trade war, former U.S. Treasury Secretary Jack Lew told CNBC on Monday, but resolving the remaining sticking points will be a...
Business economists see a slowdown in growth this year, survey says
The nation’s business economists foresee a sharp slowdown in U.S. economic growth over the next two years, in sharp contrast to the Trump administration’s predictions that growth will accelerate this year and next. That finding comes from the latest survey...
WTI Oil Outlook: Rising Concerns about Global Economic Slowdown Keep Oil Price Under Pressure
WTI oil remains in red on Monday, following bearish close last Friday that completed Doji reversal pattern on daily chart. Rising concerns of broadening global slowdown that were sparked by news from Germany on Friday that showed extending contraction of...
Hopes rise for US-China trade deal after Mueller report
With President Donald Trump in a stronger position now that the Mueller investigation is out of the way, China has more incentive reach a deal on U.S. trade, analysts say. Over the weekend, U.S. Attorney General William Barr said a...
GBP/USD And EUR/GBP: Pound Could Recover
GBP/USD started an upward move from the 1.3000 support and it could recover above 1.3240. EUR/GBP declined recently and broke the key 0.8600 support area. Important Takeaways for GBP/USD and EUR/GBP The British Pound is showing positive signs above the...
Risk Aversion Continues With Focus on German Ifo and Brexit
Risk aversion dominates in the Asian markets today as recession fears spread. But the currency markets are steady though. Major pairs and crosses are bounded inside Friday’s range at the time of writing, with mild weakest in Sterling and Swiss...
Dollar Rebounds With Market Focused On Apple’s Event
The dollar is higher in the Asia session after US Attorney General said the Muller report did not find sufficient evidence against President Donald Trump. Safe havens retreated slightly but will be on hand as another week filled with risk...
Oil Lower On Dollar Rebound
Energy prices are lower on Monday as the US dollar rebounds after the comments from the US Attorney General removed some uncertainty surrounding the White House. Oil rose after a surprise 9.6 million drawdown and the efforts of the OPEC+...
Investors shouldn’t get scared by latest market pullback: Federated
One of Wall Street’s biggest bulls suggests the latest market pullback is no fluke. Federated Investors’ Phil Orlando believes the 2019 rally is increasingly vulnerable to a setback that could reach into the second quarter. Yet, he contends it’s no...
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