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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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A smartphone displays the Bitcoin USD market value on the stock exchange via the Yahoo Finance app. (Photo by Guillaume Payen/SOPA Images/LightRocket via Getty Images) The bitcoin price bull run over the last month, which saw it climb from around $6,300 to highs of $8,400 in a matter of weeks, could be over. Bitcoin has
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All from China state media So what is the Politburo, you ask? “The Central Politburo of the Communist Party of China, formally known as the Political Bureau of the CPC Central Committee and known as Central Bureau before 1927, is a group of 25 people who oversee the Communist Party of China.” Headlines: China’s Economy
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Long ago, an executive promoting US LNG exports told me that Japan should buy U.S. LNG because the trade deficit had become a politically sensitive issue.  I tried to explain that “Japan” didn’t buy LNG, rather, Japanese companies did and they were not particularly inclined to make business deals with regard to the nation’s trade
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What moved markets Monday There was nothing to point to on the economic calendar that would have reconciled price action on Monday. Eurozone data was softer, as reflected through sentiment readings and German CPI, while US pending home sales came in well above forecast. Looking ahead, Tuesday features the BOJ decision and plenty of data. 
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President Donald Trump delivers remarks on trade at Granite City Works Steel Coil Warehouse, Thursday, July 26, 2018, Granite City, Ill. (AP Photo/Evan Vucci) President Trump recently tweeted that currency manipulation was rampant across the rest of the world. He blames the U.S. Federal Reserve for raising interest rates and strengthening the dollar. He also
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Ali Mohammadi/Bloomberg Iran’s rial plunged from 98,000 IRR/USD on Saturday to 112,000 IRR/USD on Sunday on Tehran’s Ferdowsi Street. That stunning 12.5% one-day plunge has pushed the rial into a classic death spiral. The last time the rial was in a grip of such a spiral was back in September 2012. The chart below shows
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Comments from White House Council of Economic Advisers Chairman Kevin Hassett “My guess is we will see something by the fall,” Hassett told Fox Business Saturday. He said they are making “absolutely amazing” progress toward a deal. However he cautioned that he was not a negotiator in the talks but that his colleagues have indicated
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What does a central bank do when it can’t control interest rates? No, this isn’t about the zero lower bound problem, which is fast becoming a non-problem, at least in the United States. It’s about Eurozone countries. Specifically, it’s about Ireland. Currently, Ireland boasts the fastest-growing economy in the EU. In 2017, headline GDP rose
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Here’s an estimate Trade was a boost to US GDP but major exports of goods about to be hit with tariffs — namely soybeans — likely skewed the data and will reverse in the months ahead. Brad Setser writes about trade imbalances at the Council on Foreign Relations and he’s certainly the most-informed person I
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