Trump’s tariffs on $112 billion of Chinese imports hit at midnight
President Donald Trump meets business leaders at the Great Hall of the People in Beijing, China, in November, 2017. Jonathan Ernst | Reuters Barring an unlikely agreement or a presidential tweet, it will soon be 15% more expensive for U.S....
Here’s what happened during August’s wild month for the stock market
Jin Lee | Bloomberg | Getty Images Wall Street suffered from whiplash throughout August as trade headlines and recession angst sent stocks on a wild ride during the last full month of summer. The S&P 500 posted 11 moves of...
EUR/USD Resumed Down Trend as Dollar Surged after China Backed Down on Tariff Escalations
Dollar ended as the strongest major currency last week, largely thanks to late buying before weekly close. It remains to be proved whether that was due to month end flows. But somewhat receding risk of US-China decoupling and expectations of...
Weekly Economic and Financial Commentary: Consumers Keeping the U.S. Economy Afloat
U.S. Review Consumers Keeping the U.S. Economy Afloat Revised data show the U.S. economy grew at a 2.0% annualized pace in the second quarter, a tenth lower than the initial estimate. Data thus far for Q3 suggest consumer spending should...
The Weekly Bottom Line: Uncertainty Still Name of The Game
U.S. Highlights US-China trade tensions spiked last Friday as both countries announced more protectionist measures against each other, but later eased this week. Equity markets swept the escalation under the rug, making a full recovery on the week. Second-quarter U.S....
US Dollar Screaming Higher as Month End Flows Dominate
As we wrote about earlier in the week, sometimes month end flows can come out of nowhere and lead to large, sometimes even exaggerated moves in the market. Today is the last trading day of the month and that could...
Fib Extensions Point to a Possible Bounce in NZD/USD
The New Zealand Dollar, otherwise know as the kiwi, has been the dog of currencies over the second half of summer. In particular, the NZD/USD is down almost 500 pips since July 22nd. Fundamentally, this move is primarily due to...
Week Ahead – New Tariffs Begin on China as RBA, BOC, Riksbank and CBR Have Rate Decisions
Labor Day will not be quiet at all, as the US-China trade war remains tense, as certain tariffs kick in and will start to weigh on the US economy. Politics will remain a focal point as some UK officials will...
Investors say goodbye to choppy August markets but September may be no better
Stock market investors may be glad to see August go, but September might not be any better, unless there are some positive developments in the trade war. Markets enter September, anticipating a Federal Reserve rate cut mid-month and worrying the...
GOLD Trades Below Key Support On Correction
GOLD trades below key support on correction as it remains vulnerable. On the downside, support comes in at the 1,520.00 level where a break will turn attention to the 1,510.00 level. Further down, a cut through here will open the...