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Tag: Forex News Round Up

US Retail Sales Rise in June

U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter. Signs of a strengthening economy, together with a tightening labor market and firming inflation, likely will keep the Federal Reserve on track to continue raising interest […]

Chinese Economic Cool Downs Ahead of Trade War Impact

China’s huge economy is cooling just as trade tensions with the United States are heating up. The world’s second-biggest economy grew by 6.7% in the second quarter of the year. That was slightly lower than the previous quarter and is China’s slowest rate of quarterly growth in almost two years. The official figures released Monday […]

UK PM May Under Fire Compromises Again on Brexit Bill

Prime Minister Theresa May bowed to pressure from Brexit supporters in her governing Conservative Party on Monday, accepting their changes to a customs bill that underpins Britain’s departure from the European Union. May, vulnerable in parliament after losing her party’s majority at an ill-judged election last year, has come under fire from both wings of […]

IMF Warns Trade War Could Cost Global Economy $430B

Rising trade tensions between the United States and the rest of the world could cost the global economy $430bn (£324bn), with America “especially vulnerable” to an escalating tariff war, the International Monetary Fund has warned. Delivering a sharp rebuke for Donald Trump, the Washington-based organisation said the current threats made by the US and its […]

Putin Says That Russia Did not Meddle in US Elections

Russian President Vladimir Putin told President Donald Trump Monday that he never meddled in the 2016 U.S. election, the Russian leader said Monday at a joint press briefing. “Once again, President Trump mentioned the issue of the so-called interference of Russia with the American elections, and I had to reiterate things I said several times […]

Strong USD Creates Market Headwinds

While Wall Street has been focused on trade talks and diplomatic tensions over the summer, the U.S. dollar has quietly crept to its highest levels of the year. The DXY U.S. dollar index, which measures the greenback against a basket of currencies, has surged since April lows to hold year-to-date highs through July. Speaking with […]

Markets underpricing China risk( OANDA Trading Podcast BFM Kuala Lumpur 89.9)

Stephen Innes, Head of Trading in Asia-Pacific, OANDA, Singapore Stephen reckons markets are “seriously underpricing economic risk in China”. Economists suspect the direct impact from the two sets of US tariffs aimed at Beijing could drag China’s GDP down by 0.3 percentage points in the longer run. Stephen also shares some insights on how China […]

US Import Prices Fell 0.4% in June

U.S. import prices fell the most in more than two years in June as prices for petroleum products fell and a strong dollar weighed on the costs of other goods, pointing to benign import inflation pressures. The Labor Department said on Friday import prices dropped 0.4 percent last month, the largest decline since February 2016. […]

Goldman Puts Probability of Higher Tariffs on Chinese Goods at 60%

Goldman Sachs economists said on Friday they placed a 60 percent chance the Trump administration would impose duties on an additional $200 billion worth of Chinese imports that were recently targeted. “While very uncertain, we would expect the tariffs could be imposed as soon as late September but possibly not until after the election,” they […]

Kuwait Could Reach Emerging Market Status

Kuwait has long been nicknamed the Sleeping Giant of the Gulf, and it is not exactly intended as a compliment. Kuwait is considered one of the least interesting of the Mideast regional economies and has done little to attract foreign investment. But that reputation might be set for a change. Kuwait’s stock market is being […]