White House economic advisor Larry Kudlow has commented that the US-China trade war phase one’s unresolved issues could spill over into phase two.
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Daily Brief
Daily Brief
The Federal Reserve expectedly lowered rates 25 basis points to 1.50-1.75, however the dollar sunk following the subsequent comments from Fed Chairman Powell who stated...
Daily Brief
With phase 1 of a US-China trade deal now apparently on the books, the markets will await when the deal will be signed.
Daily Brief
The FOMC begins their two day meeting this morning as most market players expect the US central bank to lower interest rates tomorrow by 25 bps.
Daily Brief
The US Commerce department expanded the trade blacklist of Chinese companies and also imposed visa restrictions on Chinese government officials.
Daily Brief
According to NY Fed President Williams, the recent rate cut will “appropriately” address risks from trade uncertainty, global slowdown, and low inflation.
Daily Brief
A month or so ago investors decided that, not only would the Fed hold back from raising interest rates another notch, it could well deliver a rate cut before the end of the year.
Daily Brief
President Trump signed an executive order yesterday, sanctioning Turkish officials, hiking tariffs on Turkish steel up to 50% and “immediately” halting trade negotiations with Turkey.
Daily Brief
America's two PMIs, produced by ISM and Markit, were better than most of the offerings from elsewhere, with readings of 51.7 and 50.6.
Daily Brief
As August approaches and Europe prepares for long vacations, there is a sense that the traders who get currencies moving are losing interest in their task.
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