Navarro says Trump’s new tariffs ‘may not have to go into effect’ depending on US-Mexico talks
White House trade advisor Peter Navarro said that President Donald Trump’s new tariffs on Mexico “may not have to go into effect,” depending on the outcome of talks between U.S. and Mexican officials. Navarro, a hard-line supporter of Trump’s tariffs,...
Dollar Selloff Extends on Poor ADP Job, Yields Dive Again
Dollar suffers another round off selloff after terribly poor ADP job data, which showed only 27k growth in May. 10-year yield also takes a steep dive breaching Monday’s low at 2.081. Gold breaks 1344 and is on track to take...
Job growth screeches to a near halt in May, with private payrolls up just 27,000
Job creation skidded to a near-halt in May in another sign that the U.S. economic momentum is slowing. Companies added just 27,000 new positions during the month, according to a report Wednesday from payroll processing firm ADP and Moody’s Analytics...
Why Trump’s pivot to using tariffs as a political weapon is so dangerous for the economy
President Donald Trump delivers remarks in the Roosevelt Room at the White House in Washington, May 9, 2019 Jonathan Ernst | Reuters President Donald Trump prides himself on bold negotiating tactics, but his threat to slap tariffs on Mexico for...
Trade tensions have had a ‘significant’ impact on China, IMF says
Containers are stacked on a vessel at the Port of Long Beach in Long Beach, California on July 6, 2018, including some from China Shipping, a conglomerate under the direct administration of China’s State Council. Frederic J. Brown | AFP...
Gold Spot The Bias Remains Bullish
Pivot (invalidation): 1320.00 Our preference Long positions above 1320.00 with targets at 1329.00 & 1335.00 in extension. Alternative scenario Below 1320.00 look for further downside with 1316.00 & 1312.50 as targets. – advertisement – Comment The RSI is above its...
Dollar in Deep Selloff as Markets Price in 90% Chance of Fed Cut by September
Talks of Fed rate cut intensified overnight after comments from Fed Chair Jerome Powell. Markets are now even pricing in 90% of a cut by September FOMC meeting. US stocks rebounded strongly with DOW closed up 512.40 pts or 2.06%....
First Impressions: Australian Q1 GDP
Q1 GDP: 0.4%qtr, 1.8%yr. A downside surprise, detail on the soft side – private demand contracting. Q1 GDP Sluggish output growth has extended into 2019, with Q1 printing at 0.4%qtr, 1.8%yr. This was a downside surprise and the detail was...
Stocks making the biggest moves after hours: Salesforce, GameStop, Skyworks and more
Game Stop store in New York City. Michael Brochstein | LightRocket | Getty Images Check out the companies making headlines after the bell: Shares of Salesforce jumped nearly 3% in extended trading after the software company reported better-than-expected first-quarter earnings...
Engulfing Candle Patterns & How to Trade Them
Trading with Engulfing Candlesticks: Main Talking Points Engulfing patterns in the forex market provide a useful way for traders to enter the market in anticipation of a possible reversal in the trend. This article explains what the engulfing candle pattern...
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