Major Wall Street economists have their doubts trade cease-fire will lead to actual deal in 90 days
Wall Street traders may be exuberant Monday over the decision to pause the trade war between the U.S. and China, but economists across the marketplace aren’t convinced the delay will lead to a permanent solution. It will still be “challenging”...
Mnuchin says Trump ‘liked’ Fed chief Powell’s market-boosting speech
Treasury Secretary Steven Mnuchin told CNBC on Monday that President Donald Trump was pleased with Federal Reserve Chairman Jerome Powell’s speech that eased fears of a more aggressive policy on interest rate hikes. The central bank has already raised rates...
Sentiments Supported by Trade Truce, But Sterling Down on Renewed Brexit Worries
The global financial markets are blessed by strong risk appetite today, as US and China agreed on 90 days ceasefire on trade war. US stock futures point to sharply higher open, following strengthen and European and Asian markets. Australian Dollar,...
Mnuchin hopeful that Trump-Xi talks can be turned into a ‘real agreement’
Treasury Secretary Steven Mnuchin expressed optimism about a trade pact with China, telling CNBC on Monday the U.S. has received commitments for concessions on several key issues. “This is the first time that we have a commitment from them that...
Soybean prices, Deere shares jump after China agrees to buy ‘substantial’ US agricultural products
Soybean prices surged Monday on the back of a trade truce between the U.S. and China in which Beijing agreed to buy more American agricultural products. The January futures contract on soybeans rose 1.1 percent at the Chicago Mercantile Exchange....
Treasury yields rise as the US and China reach truce on trade
U.S. government debt prices sank on Monday, amid news that President Donald Trump’s administration has reached a cease-fire with China on trade tariffs. The yield on the benchmark 10-year Treasury note was seen trading higher at 3.033 percent at around...
EUR/USD – Euro Posts Gains As Trump Holds Off On New Chinese Tariffs
EUR/USD has posted gains in the Monday session. Currently, the pair is trading at 1.1347, up 0.25% on the day. On the release front, German and eurozone manufacturing PMIs both missed their estimates, with both indicators posting readings of 51.8...
EUR/USD Recovers Itself To Trade At 1.1360
During Friday’s trading session, the currency exchange pair depreciated by 0.83% breaking most of the technical indicators to end the trading session at 1.1337. On Monday morning, the European Single Currency surged to the 1.1360 mark. In regards to the...
GBP/USD Will Trade Sideways
During Friday’s trading session, the currency exchange rate was resisted by the 100-hour SMA to end the trading session at the 1.2745 mark. On Monday morning, the British Pound was trading between the 200-hour and the 100-hour simple moving averages...
Markets Rally As President Trump And Xi Call A Truce On Trade
Notes/Observations Asia: Asian Indices trade sharply higher after President Xi and President Trump have agreed that the US will not impose a 25% tariff on Jan 1st, to retain 10% level for 90 days. China agrees to purchase more from...
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