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Tag: Forex News Round Up

Trump to Give $12B to Farmers Hurt by Tariffs

The government announced a $12bn plan Tuesday to assist farmers who have been hurt by Donald Trump’s trade disputes with China and other trading partners. The plan focuses on midwest soya bean producers and others targeted by retaliatory measures. The agriculture department said the proposal would include direct assistance for farmers, purchases of excess crops […]

Yen Loses Safe Haven Appeal

The trade is familiar to investors worldwide: in times of turmoil, rush for cover by buying the Japanese yen. This year a global trade row has erupted, Donald Trump has lamented the dollar’s strength – ignoring a custom that U.S. presidents avoid openly interfering in financial markets – and the Chinese yuan has tumbled. And […]

US Democrats Forecasted to Win House of Representatives

For the first time this cycle, a leading elections forecaster has given Democrats a greater than 50 percent chance to reclaim the House of Representatives in the 2018 midterms. An analysis by Sabato’s Crystal Ball, a service of the University of Virginia’s Center for Politics, published on Tuesday shows the House tilting past 50-50 odds […]

China Announces Fiscal Stimulus and Tech Stocks Rise on Google

World shares hit their highest in a month on Tuesday, as China promised fiscal action to support the world’s second-largest economy and stellar results from internet giant Alphabet underpinned tech stocks. Wall Street was set for a short climb when it reopens, with Google-parent Alphabet, part of the so-called FAANG stocks, expected to jump almost […]

US President Trump Endorses Tariffs Again

President Donald Trump has accelerated the rhetoric on tariffs, saying they are a good bargaining tool in his quest to get better trade agreements. In a Tuesday morning tweet, the president appeared to dig in on his position in the global trade war. Tariffs are the greatest! Either a country which has treated the United […]

Iran Could Retaliate if US Blocks Oil Exports

Iran’s foreign ministry reportedly said it would implement countermeasures against the U.S. if it tries to block its oil exports. “If America wants to take a serious step in this direction it will definitely be met with a reaction and equal countermeasures from Iran,” Foreign Ministry Spokesman Bahram Qassemi was quoted as saying on Tuesday […]

Trump Welcomes Elected Mexican President Plans for Quick NAFTA Negotiation

U.S. President Donald Trump spoke warmly of Mexico’s incoming leftist president on Monday, saying he expected to get “something worked out” on NAFTA, while a top Mexican official said there was scope to revive the trade talks this week. “We’re talking to Mexico on NAFTA, and I think we’re going to have something worked out. […]

EU Economy Slows Down in Q3

Flash PMI survey data indicated that the eurozone economy lost momentum again at the start of the third quarter after a brief rebound in June. Although the rate of growth remained relatively robust in July, weakened new order inflows and reduced business expectations of future activity added to the downbeat picture. Price pressures meanwhile remained […]

German PMI Rises in July

July saw a further pick-up in the rate of growth of Germany’s private sector economy from a 20-month low in May to a five-month high, driven by a stronger increase in manufacturing output. New order growth also gathered pace, seeing the steepest rise for four months. Private sector firms continued to add staff at a […]

Morgan Stanley Says 2018 Most Volatile Year Since 2008

The year is only halfway through and already 2018 is on track to be the most volatile since the financial crisis, Morgan Stanley analysts wrote in a note published Monday. Morgan Stanley defines a “large move” as an unexpected single day change in price compared to “what was implied by options markets at the time” […]