Comments from a US trade official Trade talks are “positive” but there is still no clarity from Beijing on intellectual property, technology transfers and structural changes, according to a USDA official cited by Reuters. The IP thing is such a tough one. What’s Beijing going to say? We are stealing from you but will stop?
tavros, Head of Investment Research at Orbex, is a certified investment professional that has been involved in the FX markets as a trader and analyst for nearly 5 years. He covers both fundamental and technical aspects of trading with a specialization in core institutional trading strategies. As an engineer by trade, his analytical mind allows
Retail sales edged down 0.1% to $50.4 billion in December. Lower sales at gasoline stations (-3.6%) were partly offset by higher sales at motor vehicle and parts dealers (+1.0%). Excluding gasoline stations, retail sales increased 0.4%. After removing the effects of price changes, retail sales in volume terms increased 0.2%. Retail sales declined 0.5% in
MARKET DEVELOPMENT – Crude Oil Extends Rally, GBP Underperforms Crude Oil: Brent crude futures continues to edge higher as Saudi jawboning continues to take precedent over rising US oil supply. As a reminder, the DoE report showed US production hitting a fresh record high at 12mln, however, given that rising production has been flagged for
Gold has steadied in the Friday session, after sustaining sharp losses on Thursday. In North American trade, the spot price for one ounce of gold is $1326.27, up 0.22% on the day. There are no data releases out of the U.S., so we could see an uneventful North American session. Gold tumbled on Thursday, following
Lessons from Dubai on risk Over the course of this last week I have been writing from Dubai as I have been leading an FX trading course for aspiring traders. Needless to say, one of the key teaching aspects I have been emphasising is the danger of using leverage and that has led me to that theme
Forex news from the European morning session – 22 February 2019 Headlines: Markets: AUD leads, GBP lags on the day European equities slightly higher; E-minis up 0.4% US 10-year yields down 1.3 bps to 2.678% Gold flat at $1,323.76 WTI up 0.9% to $57.45 Bitcoin up 1.0% to $3,935 There wasn’t much notable action on
The trade war between China and the US will end soon. Perhaps, by March or by May at the latest. That’s according to XD Chen, Chief China Economist for BNP Paribas. “We remain confident in expecting a reasonable trade deal either in March or before May, with March more likely, in our view,” says Chen.
The cross remains close to YTD peaks beyond 10.6000. Riksbank minutes showed members remain optimistic on outlook. Riksbank Ingves talked down recent poor CPI figures. Another day, another drop in the Swedish Krona. EUR/SEK is extending the rally so far this week and is now navigating in the middle of the daily range around the
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Gold (XAU) Price, News and Chart: Gold slips as market grab a risk-on bid. Higher highs and lows dominate the Gold chart. Q1 2019 Gold Forecast and Top Trading Opportunities Gold’s sell-off from Wednesday’s 10-month high remains intact as financial markets continue to trade with a risk-on bias, boosted by US-China trade hopes, while a
Latest data released by CBI – 22 February 2019 Prior 0 Total distributive reported sales 14 Prior 13 The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy. Retail sales balance holds flat for a second straight month as sentiment continues to be weighed down by Brexit
The economic calendar for next week gets an early start with key data from New Zealand during the Sunday Asian session. This data release gets extra attention because it’s a data set that we would typically expect to receive monthly. However, in New Zealand, we only get to see it quarterly. Here’s a look at what’s
Investors optimistic about Sino-US talks A pretty flat open is expected in European markets on Friday, as we wrap up another week one step closer to a US-China trade deal and hopefully one week closer to a Brexit agreement. With major central banks around the world in a much more accommodative place now compared with
If you want to invest in individual stocks, you have to be ready to do your homework, CNBC’s Jim Cramer said on his show Thursday. The “Mad Money” host told a story from his childhood about how his father, “Pops,” began buying stocks of National Video through a tip that he received from his brother.
Latest data released by the Federal Statistics Office – 22 February 2019 Prior +1.4% Industry and construction output WDA +3.8% y/y Prior +1.1% ForexLive The positive news is that factory activity continues to run solid in Switzerland based on the indications here. However, it is but a small part of the Swiss economy, which relies
According to Vladimir Miklashevsky, senior economist at Danske Bank, the US economic data demonstrated weakness across several indicators, with only initial jobless claims keeping a spark of positivism. Key Quotes “The ISM-adjusted Philly Fed release at 52.4 was the poorest reading since October 2016, while the Philly Fed headline index went negative for the first