Gold Higher, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Higher US Dollar Down Crude Oil Rise a Bit Friday Asian Stocks Up sans Japan In Asia Gold: Gold prices rose Friday, having hit a 1-week high earlier in the session, as investors sought safe-haven assets on fears of a chaotic departure for Britain from the EU aka BREXIT. […]
Gold Steady, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Down Crude Oil deep in Bear Market Territory Asian Stocks Up sans Japan In Asia Gold: Gold prices held steady Thursday, after rising nearly 1% in the prion session, as USD slipped further from a 16-month peak hit earlier in the week. Spot gold was little […]
Gold Up, USD Down, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up US Dollar Down Crude Oil deeper in Bear Market Territory Asian Stocks Down In Asia Gold: Gold prices are us Wednesday as the USD retreated from a 16-month high touched earlier in the week, easing amid a surge in EUR and GBP on a draft BREXIT agreement. Spot […]
Gold Up, USD Up, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Firming US Dollar Up Crude Oil in Bear Market Territory Asian Stocks Lower In Asia Gold prices edged higher Tuesday as investors resorted to bargain-hunting after the precious Yellow metal fell to over 1-month lows, weighed by a stronger USD that has capped the market. Spot gold was […]
Gold Down, USD Up, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Down US Dollar Up Crude Oil in Bear Market Territory Asian Stocks Lower In Asia Gold prices steadied Monday after touching a 1-month low in Friday’s session, but the precious Yellow metal remains under pressure from a firmer USD and expectations the Fed is on track to tighten […]
Gold Down, USD Up, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Down US Dollar Up Crude Oil in Bear Market Territory Asian Stocks Higher Focus on FOMC Minutes later Thursday In Asia Gold: Gold prices fell to their lowest mark in a week Friday, and were set for their biggest weekly decliner since August, on a firmer USD as the […]
Gold Down, USD Up, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Down US Dollar Up Crude Oil Higher Asian Stocks Higher Focus on FOMC Minutes later Thursday In Asia Gold prices inched lower Thursday on the back of a stronger USD, as investors digested the US Congressional midterm election results and turned their focus to the Fed’s monetary policy […]
Gold Up, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up US Dollar Down Crude Oil Lower Asian Stocks Higher US Midterm Congressional Elections come is as Expected. In Asia Gold: Gold prices rose Wednesday on a weaker USD, as the outcome of US Congressional midterm election came in as expected, Republican hold Senate, and Dems take control […]
Iran says it is Selling all of the Crude Oil it Needs to Despite US Sanctions $OIL, $USO Tuesday, Iran said it had so far been able to sell as much Crude Oil as it needs despite US pressure, but it urged European countries opposed to US sanctions to do more to shield Iran. Monday, […]
Gold Steady, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Down Crude Oil Lower Asian Stocks Higher Traders eye US Midterm Congressional Elections In Asia Gold prices were steady early Tuesday ahead of US Congressional midterm elections that may fuel interest in the precious Yellow metal as a hedge against risk if the result sparks […]
Gold Steady, USD Down, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Down Crude Oil Dipped Asian Stocks Lower Traders eye US Midterm Congressional Elections Traders eye US Earnings Data In Asia Gold prices held steady Monday as investors were cautious ahead of the US Congressional electionsTuesday which will determine whether the Republican or Democratic Party controls […]
Gold Steady, USD Up, Stocks Higher + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Up Crude Oils Down Asian Stocks Higher Traders eye US NFPs Data Traders eye US Earnings Data In Asia Gold prices were steady in early Asian trade Friday, after rising about 1.5% in the prior session, while the USD inched up ahead of the US NFP […]
Gold Higher, USD Lower, Stocks Higher + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Higher US Dollar Eases Crude Oils Down Asian Stocks Higher Traders eye US Economic Data Traders eye US Earnings Data In Asia Gold prices inched higher in early Asian trade Thursday, recovering from a 3-week low marked in the Wednesday’s session as the USD eased. Spot gold was up 0.2% […]
Gold Lower, USD Higher, Stocks Higher + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Coming Off of 3 Month Highs US Dollar (.DXY) Index Higher Crude Oils Prices Up Asian Stocks Higher Traders eye US Economic Data Traders eye US Earnings Data In Asia Gold prices fell to a more than 2-week low Wednesday as Asian stocks gained and the USD touched multi-month highs on […]
Gold Lower, USD Higher, Stocks Lower + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Coming Off of 3 Month Highs US Dollar (.DXY) Index Firms Crude Oils Mixed Asian Stocks Pressured Traders eye US Economic Data Traders eye US Earnings Data In Asia Gold prices edged down Tuesday as the USD gained on worries over slowing economic growth and fears the US- China trade […]
Gold Lower, USD Higher, Stocks Higher + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Coming Off of 3 Month Highs US Dollar (.DXY) Index Firms Crude Oil Softens Asian Stocks Edging Up Traders eye US Economic Data Traders eye US Earnings Data In Asia Gold prices inched down early on Monday to drift away from a more than 3-month highs marked last Friday’s session, […]
Gold Higher, USD Higher, Stocks Lower + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Strengthens US Dollar (.DXY) Index Strengthens Crude Oil Softens US and Global Stocks Strengthen Traders eye US Q-3 GDP data Friday In Asia Gold Gold prices held steady Friday but remained on track to rise for the 4th week running, the longest string of weekly gainers since January on […]
Gold Higher, USD Lower, Stocks Lower + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index Eases Crude Oil futures down US and Global market’s stocks lower In Asia Gold: Gold prices firmed early, hanging near a more than 3-month high reached earlier this week, as the USD eased and Asian stocks slumped after Wall Street surrendered all its […]
Gold Higher, USD Lower, Stocks Mixed to Lower + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index Falls Crude Oil futures down on Saudi pledge US stocks lower In Asia Gold prices Wednesday in global markets is up after hitting their highest in over 3 months in Tuesday’s US session, with international political and economic uncertainty underpinning safe-haven […]
Gold Higher, USD Higher, Stocks Mixed to Lower + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index up Crude Oil futures down on Saudi pledge US stocks mixed, Asia stocks off In Asia Gold prices are up early Tuesday as Asian stocks faltered, weighed down by political uncertainties around BREXIT and […]
Gold Higher, USD Higher, Stocks Flat + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index up Crude Oil futures up on supply/demand issues Stocks Flat to Unchanged In Asia Gold prices settled higher Monday morning in Asia, along with an advance in the USD. The increase in gold prices, a safe-haven […]
Gold Higher, USD Higher, Stocks Lower + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade China’s growth slows US Dollar (.DXY) Index up on the week Crude Oil futures fall again on supply/demand issues In Asia Gold prices are higher Friday as Asian shares fell on renewed political and economic concerns including China’s weak […]
Gold Ranged, USD Firms + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold steady in narrow range Fed mins signal more rate hikes ahead US Dollar (.DXY) Index rises to 1-wk high Crude Oil futures fall for 1st session in 4 In Asia Gold prices held steady in a narrow range Thursday as Asian shares eased, […]
The EU is Moving Too Slowly in Trade Talks President Trump’s patience is not unlimited, and this is not a 5 year process. Wednesday, the US Secretary of Commerce Wilbur Ross says the European Union is moving too slowly in trade talks and is warning that President Donald Trump’s patience with the Europeans may soon […]
Gold Edged Down, USD Edged Up + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold stays near 2.5 month high as risk aversion lends support In Asia Gold prices edged lower early Wednesday as stocks gained and USD firmed on fading risk-averse sentiment, with the market awaiting mins from the Fed’s FOMC latest policy meeting […]
Gold Holding at 12 Wk Highs+ Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold stays near 2.5 month high as risk aversion lends support In Asia Gold prices held steady Tuesday near last session’s 2.5 -month high as risk-averse investors sought refuge in the precious Yellow metal amid rising political tensions and economic uncertainty. […]
Gold Up, Asian Shares Dip + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold prices rose early Monday as Asian stocks eased due to concerns about a potential decline in China’s economic growth amid an ongoing trade dispute and signs of tighter monetary policy by the Fed. Spot gold was up 0.3% […]
Gold Up, USD, US Interest Rates Down+ Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT US President Trump says Fed “crazy” for raising interest rates Spot gold may extend gains to $1,237 oz Crude Oil falling on overblown supply issues In Asia Gold Gold prices edged lower Friday, but held near a more than 10-wk highs hit […]
Gold Down, US Interest Rates Up + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Asian shares fall sharply after Wall St tumbles Holdings in SPDR Gold Trust (GLD) rise for 1st time since July US President Trump says Fed “crazy” for raising interest rates In Asia Gold Gold prices inched down Thursday as strong […]
Gold Steady, USD Pauses + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold Gold prices held steady Wednesday as expectations of more US interest rate increases pressured demand, although the precious Yellow metal drew some support from USD coming off 7-week highs. Spot gold was little changed at $1,189.05 oz at 0513 […]
Gold Dips Below 1200, Investors Buy USDs + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold on track for its biggest daily pct loss since mid-Aug China eases policy on concerns trade dispute with US could hurt growth Speculators cut net short position in COMEX gold in 1st week of October […]
Gold Dips, USD Firms, China China Eases + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold prices inched lower Monday as USD firmed after China’s central bank eased its domestic policy to support the economy. Spot gold was down 0.2% at $1,200.31 oz at 0103 GMT, the precious Yellow metal […]
BREXIT Deal Getting Closer A European Union (EU) chief says the chances of Britain and the bloc striking a BREXT deal are rising, amid reports the two sides are moving closer on the fraught issue of the Irish border. European Commission President Jean-Claude Juncker told Austrian newspapers in comments published Saturday that “the rapprochement potential […]
President Trump Created a New US Trade Model The Trump Administration is pushing for trade talks with other nations and plans to use its new USMCA trade agreement with Canada and Mexico as the model for the future negotiations with its partners. This President is looking to redefine the rules on issues ranging from foreign […]
Gold Flat, US NFPs the Focus + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold prices were steady Friday as investors remained cautious after US Treasury yields hit multi-year peaks on expectations that stronger monthly employment data could boost the Fed’s case for a tighter monetary policy. Investors are expected […]
Gold Down, USD Up + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT The USD reached an 11-month high against the Japanese Yen and stood strong Vs other peers, boosted by upbeat US economic data and hawkish comments from Fed Chairman Jerome Powell In Asia Gold Gold prices inched down Thursday, after upbeat US economic […]
Gold Up, USD Up + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold Gold prices rebounded Tuesday as risk appetite faded after getting a boost from an agreement between the United States, Canada and Mexico’s (USMCA) free trade deal. Asian stocks fell, with MSCI’s broadest index of Asia-Pacific shares […]
Gold Up a Bit, but USMCA Deal Weighs + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold is higher early Tuesday, having dipped Monday, as demand for riskier assets picked up after the United States and Canada reached an agreement to salvage a North American free trade deal aka USCMA. US […]
Gold Slips, USD Firms on Fed Rate Hike + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold Gold prices dipped Monday as the USD firmed in the wake of indications from the Fed last week that it will pursue a tighter monetary policy. The Fed raised US interest rates last week and said it […]
Gold Down and USD Up on Fed Rate Hike + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold Gold is down more than 13% from an April high, largely because of the stronger USD Concerns about Iran sanctions led to a widening difference between NYMEX WTI Crude and ICE Brent Crude prices Global mining […]
Gold Up and USD Up on FOMC Rate Hike + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Thursday, Gold prices rose, as investors looked for bargains after the metal fell a 2-week lows in the prior session following a US interest rate hike and as limited gains in USD after the decision supported demand […]
Gold Steady on Flat USD, and FOMC Rate Policy Announcement + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold prices drifting in a narrow range Wednesday as investors awaited cues of the FOMC’s 2-day meeting, where policymakers are expected to raise interest rates for the 3rd time this year. Spot gold was up […]
China’s Trade Policy Change “Not Going to Be Easy” Tuesday, US President Donald Trump’s top trade official said that changing China’s economic policies to become more market-oriented “is not going to be easy” even with tariffs now in place on $250-B worth of Chinese goods. US Trade Representative Robert Lighthizer, in rare public remarks at […]
Gold Flat on Firm USD, China Trade Tensions Continue + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold was steady Tuesday on US-China trade tensions after $200-B of tariffs came into effect, investors stay on the sidelines ahead of the FOMC policy meeting. Spot gold was barely changed at 1,198.28 oz by 0056 GMT. […]
Gold Down on From USD, as China Halts Trade Talks + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold edged lower Monday, as USD held firm on news that China has cancelled trade talks with the United States, with the market also eyeing this week’s FOMC policy meeting for guidance on […]
Iran’s Economy Is ‘Plummeting’ Under US Pressure Iran’s economy is faltering after the US pulled out of a nuclear deal in May, and Europeans are deciding not to do business there, said Nikki Haley, the US Ambassador to the United Nations. The US position remains not to do business with any EU countries that engage […]
Gold Prices Up, Easing Trade Concerns Soften USD + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Asian stocks extended gains Friday thanks to Wall Street marking all-time highs, as investors believe that the latest exchange of tariffs between the United States and China may be less damaging than initially feared. […]
Gold Prices Steady, Trade Concerns Pressure USD + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT In Asia Asian stocks followed global indexes higher Thursday, as investors took a less bearish view on the impact of the US-China trade war on markets, a sharp contrast to dim expectations economists had on US growth amid the […]
Gold Prices Up, as USD Eases + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT Gold prices edged up Wednesday, as the USD weakened despite another round of reciprocal tariffs in the US-China trade dispute. In focus 19 September 2018 Spot gold up 0.1 % to 1,199.18 oz by 0044 GMT US gold futures […]
BREXIT Negotiator Says, “Deal Possible by November” The European Union’s chief BREXIT negotiator says a divorce agreement with Britain by early November is “possible,” and that has triggered a big rally in the Great British Pound. At a conference in the Alpine lake resort of Bled in northwestern Slovenia, Michel Barnier said a BREXIT deal […]
President Trump’s Mexico Trade Deal a Look at the Future President Donald Trump has sidestepped conventional processes, protocols and procedures in trade negociations Last Monday, the US reached a preliminary trade agreement with Mexico that addresses several American grievances. A similar deal with Canada may also to be on track. These breakthroughs, combined with an easing […]
President Trump Wants ‘Rapid’ Resolution of Trade Issues With EU Washington is pressing the European Union to move more quickly on trade negotiations launched after last month’s meeting between President Donald Trump and EU Commission President Jean-Claude Juncker. Emily Haber, Germany’s Ambassador to the United States, told reporters that a working group formed after the […]
FX: Sterling (GBP) Traders Focused on BREXIT Outcome GBP/USD: -0.32% to 1.2721, Tuesday’s action is the 9th consecutive decliner for the GBP Having sunk to 13-month lows, the Pound Sterling could fall by up to another 10% in the coming months should Britain crash out of the EU without a deal on future trade ties, […]
Iran Deal was Fatally Flawed, the Reinstatement of Sanctions is in Order The United States should never have entered into the international nuclear deal with Iran, and President Donald Trump is right to choose a stronger stance against the country’s regime, Representative Lee Zeldin (R-NY) said Tuesday. “I think it is outstanding,” the New York Republican […]
“Anyone doing business with Iran will NOT be doing business with the United States.” The 1st stiff set of US sanctions against Iran that had been eased under the landmark nuclear accord went back into effect at Midnight Tuesday under an executive order signed by President Donald Trump, targeting financial transactions that involve USDs, Iran’s automotive […]
Iran on the Verge of Collapse Willing to Talk with US ‘Right Now’ Iranian President Hassan Rouhani says he’s willing to talk to the US “right now”. His statement comes as US sanctions on the country took effect Tuesday. They were previously relaxed under the Y 2015 Iran nuclear deal. President Rouhani said Monday: “I do not […]
President Trump’s Policies Restore Economic Prosperity After about 19 months in the Oval Office, US President Donald Trump’s economic policies have begun to return the US to real economic prosperity. The U.S. Bureau of Economic Analysis (BEA) announced that in Q-2 of this year GDP grew at a 4.1% annual rate. It has been 13 years since […]
US Hails EU Trade Deal, President Trump Says Others Can Also Make Progress $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, US Treasury Secretary Steven Mnuchin declared the the United States will move ahead with European trade talks and also aim to strike a deal with Mexico and Canada in stalled negotiations over the North American Free […]
The Trump Effect: Victory for America’s Farmers in Trade Dust-up with EU Thursday, US President Donald Trump declared victory for American farmers after mitigating a trade dispute with the European Union. The agreement as a benefit of the US President’s straight forward tactics, which President Trump has deployed evenly against allies. The details of the […]
US Stocks ‘Jump’ on President Trumps Trade Agreement with EU’s Junker $DIA, $SPY, $QQQ, $RUTX, $VXX President Donald Trump’s agreement with European Commission President Jean-Claude Juncker pushed seven S&P 500 Index member stocks up more than 1% in the closing 18 mins of the trading session. Deere & Co., the world’s biggest tractor maker, surged […]
EU Aligns With President Trump on Trade Issues Wednesday, US President Donald Trump reached an agreement with European Commission President Jean-Claude Juncker aimed at averting a transatlantic trade war, easing tensions fueled by President Trump’s threat to impose tariffs on car imports. The 2 sides agreed to expand European imports of US LNG (liquified natural […]
President Trump, “China, EU ‘Manipulating Currencies’” President Donald Trump doubled down Friday morning on his plan to impose massive tariffs on China and the European Union, Tweeting that the United States should be on a “level playing field’’ with countries that have been “manipulating their currencies.” Trump also zeroed in on Canada in a 3rd […]
UK PM Theresa May’s Power Weakened Over BREXIT Former UK Foreign Secretary Boris Johnson implored fellow lawmakers not to abandon BREXIT urging them to remember the initial enthusiasm for a sharp break from the EU. UK Lawmakers confronted Prime Minister Theresa May on her plans for leaving the European Union Wednesday, with testy exchanges in […]
The European Union’s top officials arrive in Japan Tuesday to sign the single market’s biggest trade deal ever and present a united front as Washington upends the international trade order. EU Council President Donald Tusk and Commission head Jean-Claude Juncker land in Japan after talks in Beijing, where they urged global trade cooperation and warned […]
US Rejects European Plea for Exemptions From Iran Sanctions The Trump Administration has refused wide-ranging protections for European companies operating in Iran, rejecting appeals from Britain, France and Germany for exemptions from sanctions on the Tehran regime. Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin wrote, in response to a 4 June letter […]
President Trump: “May’s BREXIT Plan Could ‘Kill’ US Trade Deal” British Prime Minister Theresa May’s plan for BREXIT would “probably kill” the prospects for a free trade deal with the United States, US President Donald Trump said in an interview Thursday “If they do a deal like that, we would be dealing with the EU […]
President Trump, “EU possibly as bad a China on trade.” Sunday, President Trump said, Europe is “possibly as bad as China” on trade. “The European Union is possibly as bad as China, only smaller,” he said. “It is terrible what they do to us.” “I love those countries, Germany, and all of the countries. Scotland…. […]
President Trump Set to Destroy the Crumbling European Union Recently, US President Donald Trump proposed French President Emmanuel Macron leave the European Union, suggesting he would get a better bilateral trade deal for France in return European officials told reporters the President approached the subject during a private meeting at the White House with President Macron […]
Germany in Favor of Reducing Tariffs on US Car Imports $VLKAY, $BMWYY, $DDAIF German automobile executives have proposed ending the European Union’s 10 percent tax on American-made cars. US Ambassador to Germany Richard Grenell has reportedly met with chief executives from Volkswagen, BMW and Daimler, who pitched him the idea as part of a broader […]
Angela Merkel’s Government Crumpling, Ousting Looms A dispute in Angela Merkel’s coalition over migration policy has swiftly escalated into the biggest tests of her Chancellorship. The clash has opened a rift at the heart of her camp, between her Christian Democratic Union (CDU) and its CSU Bavarian sister party. How the conflict is resolved will […]
Euro: Europe is a Failed State $EURUSD Euro selling extended into Asia on Friday after the European Central Bank said it would hold off hiking interest rates at least for another year, while equity traders were uneasy ahead of Donald Trump’s decision on whether to hit China with fresh tariffs. The single currency was hammered […]
US Leads the Global Economies, EU Struggling $DIA, $SPY, $QQQ, $RUTX, $VXX NAS Comp Hits New Closing High on Strong US Economic Data The US economy is driving ahead of the rest of the world, now. May retail sales that topped forecasts Thursday, as the US racks up growth of at least 4% in the current […]
Populist Government Takes Power in Italy “Populism is the new organizing principle.” The new government has pledged to pursue a host of populist policies, including reclaiming national sovereignty from the European Union over issues ranging from border protection and immigration to economics and finance. For now, however, it has abandoned previous plans to hold a […]
Socialist EU Cracked, Crumbling from Inside Europe has relied on the US for protection and economic support, and now The Trump Administration has sanctioned the single currency bloc for refusing to level playing field on trade and unfair trade practices Friday, US President Donald Trump imposed tariffs on European steel and aluminum, dismissing Europe’s pleas, […]
Uncertainty in the EU, Rattles US Stock Market $DIA, SPY, $QQQ, $VXX Simply put, Italy has fallen out of love with the Euro! The DJIA and S&P 500 posted their biggest 1-day percentage decliners in a month Tuesday as political and financial turmoil in Italy triggered concerns about the stability of the Eurozone, shares of […]
As the EU Splinters, ECB’s Draghi Pleads for Currency Reform $EURUSD European Central Bank President Mario Draghi Friday called for greater central government interference in capital markets, stating his desire for a fiscal instrument that would alleviate crisis-driven stress on weaker countries. The Head of the European Central Bank (ECB) is urging political leaders to […]
President Trump, “US Cannot Ignore Unfair Trade Practices” US President Donald Trump said the US cannot ignore “rampant unfair trade practices” against it. President Trump’s latest comments on trade came in a Tweet Wednesday Recently he signed proclamations imposing a tariff of 25% on imported steel and 10% on aluminum. Monday, he slammed the European Union, saying […]
President Trump’s Secretary of Commerce to Talk Tariffs with EU US President Donald Trump says his Commerce Secretary will be talking to the European Union about tariffs he argues have been unfair to the United States. President Trump wrote on Twitter Monday: “Secretary of Commerce Wilbur Ross will be speaking with representatives of the European […]
President Trump to the EU, “Drop your tariffs, we will drop ours” US President Donald Trump challenged the European Union (EU) Saturday to “drop their horrific barriers and tariffs on US products” if those countries did not want to see new duties on their steel and aluminum exports to America. “We will likewise drop ours,” […]
Italian Voters Cast Doubts on the Survival of the European Union ItalExit is inevitable. Since the European Union’s (EU) founding treaty was signed in Rome more than 60 years ago, Italy has been a booster of increased unity and common purpose. That looks now to have come to an end. Sunday, Euroskeptics and populists rode […]
Secretary of Commerce, “No exemptions on tariff measures.” President Donald Trump spoke to world leaders about his planned tariff hikes on steel and aluminum and is not considering any exemptions to the measure, Commerce Secretary Wilbur Ross said Sunday. “I know he has had conversations with a number of the world leaders,” Secretary Ross said […]
Bitcoin Gains, Testing Key Resistance $BTCUSD Bitcoin marked gains Tuesday as new fund inflows into the industry continued to aid the popular digital currency’s move North as it moves to test Key overhead resistance. The total cryptocurrency market cap rose to about $460-B Vs the $450-B seen Monday, as traders appeared to downplay a recent […]
US President Trump Has Rained Apocalypse on ‘Davos Man’ We all knew something Apocalyptic was going to Davos it did! “I’m here to represent the interests of the America people and affirm America’s friendship and partnership in building a better world.” — President Donald Trump Those tactically released photographs of President Trump arriving by helicopter […]
Box Office: Global Expanded, Domestic Contracted in 2017 $DIS, $CMCSA, $TWX Revenue in North America for Y 2017 dipped 2.3%, but growth at the international box office resulted in a 3% uptick worldwide box. The performance of the Y 2017 worldwide box office was a roller-coaster ride. Attendance fell in North America to a likely […]
EU Seeks to Regulate Bitcoin, as it Tops $19,000. $BTCUSD, $DB Bitcoin is currently trading at: 19,199.1445, +1,099.16, or +6.07%, at close: 8:31p GMT Friday, EU states and legislators agreed on stricter rules to prevent money laundering and terrorism financing on exchange platforms for Bitcoin and other virtual currencie. The agreement is part of a broader set of […]
UAE Expects to be Taken off EU’s Tax ‘blacklist’ The UAE government said it was surprised and disappointed at being listed The United Arab Emirates (UAE) expects to be taken off the European Union’s tax-haven blacklist after it meets criteria for transparency set by the EU, the UAE government said Thursday. “We have committed to […]
The Key Points in the Brexit Deal From the Irish border to the divorce bill, the deal struck Friday between Britain and the European Union covers the main terms of divorce. It also paves the way for the 2 sides to start negotiating on the Key points of their future relationship, such as trade. Below […]
France’s Macron Takes Europe’s Center Stage, Germany’s Merkel Stumbles He has a big head and bigger ideas French President Emmanuel Macron, 39 anni, looks like the best hope to salvage a unified Europe, as Britain drifts away and Germany get mired. The role of Knight in shining armor is one Macron relishes, whether he’s standing […]
Tensions Arising on How UK Should Exit EU British Prime Minister Theresa May is facing new tensions within her Conservative Party on the Question of how to best manage Britain’s departure from the European Union. UK Foreign Secretary Boris Johnson told reporters that a proposed transition period to ease the impact of Brexit must not […]
European Commission President Jean-Claude Juncker Pushes Socialist Agenda Firstly Lets Remember Exactly Who Juncker Is On Greece’s economic meltdown in 2011 “When it becomes serious, you have to lie. On the introduction of the euro “We decide on something, leave it lying around, and wait and see what happens. If no one kicks up a […]
EURUSD closed up 0.001 at 1.203. Volume was 15% above average (neutral) and Bollinger Bands were 2% narrower than normal. Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Warning: bearish divergence Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish […]
100 000 Merkel Refugees are ISIS Soldiers More than 800 Britons have travelled to Syria and Iraq to fight with Islamic State. But the number of people who have returned is actually significantly less than expected. While 350 fighters have already made their way back home, up to 200 are believed to have been killed […]
THERESA May’s plans for a hard Brexit could boost the UK economy by £135 billion a year, top economists have predicted. They believe the UK could reap trade gains worth £80bn annually by removing tariffs for both the European Union and the rest of the world. Deregulating the economy and other Brexit-related policies could provide […]
Morning Briefing: WTI, Brent & Gold $USO, $OIL, $GLD Commentary: The perceived drop in NKorea threats and some weak data from China and the EU was all the excuse that old Crude Oil and Gold longs needed to exit. PE Crude Oil Crude Oil prices fell overnight with both Brent and WTI spot falling 2.60 […]
Downing Street sources have played down reports that the UK is prepared to pay a divorce bill of up to £36bn to try and force progress in stalled Brexit talks. The figure amounting to some €40bn would be offered in a bid to push discussions on from withdrawal and towards a future trade deal. Theresa May is expected […]
Bank of England says Brexit and the uncertainty around it has already hit people’s incomes and is weighing down the economy. Households have cut back on spending and businesses on investment, slowing the economy’s growth. It comes as the Bank downgraded its forecasts for the British economy this year, just days after EU statistics indicated the eurozone […]
The Government has proposed setting up a national investment fund to help fledgling UK businesses thrive and compete with their US counterparts, even after Brexit. The Treasury said on Tuesday that a consultation had identified a £4bn funding gap between US and British firms and that the new fund would “help address this gap and boost British business”. It also […]
The battle to control euro clearing once the U.K. leaves the European Union is getting uglier. LCH, the London Stock Exchange Group Plc unit that dominates euro clearing, wants to stop the European Central Bank from gaining the power to veto its decisions. Eurex Clearing, the Deutsche Boerse AG-owned subsidiary that would probably benefit most if London was […]
UN Plot to Replace Europeans with Refugees Exposed UN document reveals Y 2000 plan to push massive migration Millions of migrants mostly from Africa and the Middle East have swarmed Europe in the last three years, the result of what has been explained by world leaders as a war-driven “refugee” crisis. Yet, a United Nations […]
Europe’s Mass Migration: The Leaders Vs The People $MSFT, $FB Philanthropist and Microsoft co-founder Bill Gates recently said in an interview: “…you want to demonstrate generosity and take in refugees. But the more generous you are, the more word gets around about this — which in turn motivates more people to leave Africa. Germany cannot […]