Energy gains are being dialed back as production restarts in the Gulf of Mexico while gold marks time. Agricultural commodities are mixed, though the majority are under pressure from abundant supply.   Energy Slower China Q2 GDP, easing Middle East tensions and better weather conditions in the Gulf of Mexico all combined to pull CRUDE
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U.S. President Donald Trump tours his “Made In America” product showcase at the White House July 15, 2019, in Washington, D.C. Chip Somodevilla/Getty Images The Chinese economy grew 6.2% in inflation-adjusted terms in the second quarter this year, the slowest pace in 27 years. Predictably there is a chorus of alarmist media headlines expressing dismay
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Daily Markets Broadcast 2019-07-16 Another record high US indices consolidated and extended recent gains to touch new record highs yesterday. The earnings season gets under way again while phone talks between Washington and Beijing are set to resume this week. US30USD Daily Chart Source: OANDA fxTrade The US30 index extended the recent rally to a
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RBA is ready to adjust policy if needed to support growth.  Labor market to remain soft in the coming months, according to RBA.  AUD/USD is seeing little action despite the dovish tone of RBA’s minutes.  AUD/USD has barely moved in the last few minutes even though the minutes of the Reserve Bank of Australia’s (RBA)
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Treasury Secretary Steven Mnuchin Jonathan Ernst | Reuters Treasury Secretary Steven Mnuchin has concerns about Facebook’s cryptocurrency and its potential illicit use. In a press conference Monday, he Facebook’s proposed digital currency, Libra, “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.” The press conference comes days
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“US remains oblivious to China’s trade war attrition stamina” An editorial from the rascals at China’s Global Times :-D  Says that US President Trump is exaggerating China’s GDP growth slow-down showing that the US is anxious about the ongoing trade war Driven by such anxieties while strategizing Trump’s 2020 re-election campaign, the White House administration
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The Dow, S&P and Nasdaq all scored closing records.  Citigroup which has started off the unofficial start of earnings. Solid industrial production and retail sales data from China keep bulls in the game. U.S. stocks chalked up a modest gain at the start of the week, while investors cheered some positive results from Citigroup which has
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US stocks pulled back from record highs as traders remain cautious ahead of earnings season and as trade war uncertainty remains high.  Citigroup kicks off earnings season with a mixed earnings report that had shares go through a rollercoaster ride.  Citigroup posted significant strength in the consumer division, while trading fell about 5% when you
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