UK data and Brexit eyed, while US team heads to Beijing for more talks It promises to be another very interesting week for investors, with the US, China and UK very much at the centre of most of the headlines sending ripples through the markets. In the UK, we’ll be bouncing back and forth between
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Prepared by Jeff Halley, Senior Market Analyst The markets limped to a tepid close on Friday with stocks broadly flat and the US dollar broadly ascendant. Politics rather than data will overshadow the markets this week with US Trade Representative Robert Lighthizer and Secretary of the Treasury Steven Mnuchin heading to Beijing for another round
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Jeffrey Leiden, M.D., Ph.D., Chairman, President and Chief Executive Officer of Vertex PharmaceuticalsGetty The worst December in 31 years has given way to the S&P 500’s best January in 32 years. The sharp turn around whipsawed investors who sold stocks in December and didn’t immediately reinvest the proceeds. Wayne Himelsein has been moving his capital
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ICYMI, iron ore has been strong since the deadly Vale mine dam disaster Chinese markets opening, iron ore limit up. This is a ‘catch up’ move to surging prices last week Chinese market didn’t see (closed for the holiday)  coking coal +3% odd  CNH is a little stronger approaching the mid-rate setting (around 0115GMT or
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Welcome to the start of the forex week! With barely any liquidity at this time of the week prices can move on a sneeze, looks like no one has caught a cold today though. Early indicative rates are barely changed from late Friday US time. EUR/USD 1.1324 USD/JPY 109.72 GBP/USD1.2947 USD/CHF 1.0002 USD/CAD 1.3277 AUD/USD
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(photo credit: Johannes Eisele/AFP/Getty Images)Getty The Dow Jones Industrial Average remains above its 200-day simple moving average at 25,005. The S&P 500 nearly tested its 200-day SMA at 2,742.63. The Nasdaq, Dow Jones Transportation Average and Russell 2000 remain below their 200-day SMAs at 7,457.60, 10,558.95 and 1,587.74, respectively. All five equity averages have been
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AUD/USD touched the lowest since Jan 4 earlier today The RBA was downbeat on economic and inflation prospects for the Australian dollar in a report today. It fell as low as 0.7061 but has rebounded to 0.7092. Morgan Stanley says there is scope for further losses. Declining yield and interest rate differentials stand in contrast
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