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Tag: Forex News

Commodities Weekly: Copper nears 15-month low as fresh tariffs announced

The commodity space has generally struggled today amid escalations in the US-China trade war. US President Trump announced a 10% levy on Chinese imports from September 24, rising to 25% next year.  China has said it will decide today how to retaliate.   Base metals COPPER fell as much as 2.3% this morning after US […]

Seeing the forest for the trees

Seeing the forest for the trees With trade war dominating the landscape, even more so after this morning’s US tariff headline, it’s easy to focus on markets from a one-dimensional perspective. But cross-asset trading is multidimensional and observing the more granular details can offer much-needed clarity in these difficult times. US Markets Certainly, Trade war […]

China Ready to Retaliate if US Tariffs a Reality

China will not be content to only play defense in an escalating trade war with the United States, a widely read Chinese tabloid warned, as U.S. President Donald Trump was expected to announce new tariffs on $200 billion in Chinese goods as early as Monday. The United States and China have already levied duties on […]

Dollar and Stocks Lower as Tariff Threat

A gauge of global equity markets eased and the dollar slipped on Monday as investors took a dim view of an expected new round of tariffs from Washington on Chinese goods, which would escalate a simmering U.S.-Sino dispute over trade. U.S. President Donald Trump was expected to announce new tariffs on $200 billion in Chinese […]

Gold punches past $1200 as key manufacturing report slides

Gold has started the week with strong gains. In Monday’s North American trade, the spot price for one ounce of gold is $1202.93, up 0.74% on the day. In the U.S, a key manufacturing report disappointed. The Empire State Manufacturing Index dropped sharply, falling from 25.6 to 19.0 points. This missed the estimate of 23.2 […]

Oil Lower Awaiting Trade and Iran Tensions

Oil prices were little changed on Monday as market participants weighed potential supply cuts from U.S. sanctions on Iran with deepening trade tensions between the United States and China that could dent global crude demand. Brent crude futures rose 13 cents to $78.22 a barrel by 11:12 a.m. EDT (1512 GMT), while U.S. West Texas […]

May tells Brexiteers it’s my deal or no deal

Prime Minister Theresa May told rebels in her divided party that if they torpedoed her Brexit deal then the United Kingdom would leave the EU without any agreement, a scenario the IMF said would make the country much poorer. The United Kingdom is due to leave the EU on March 29 and yet little is […]

Ripple predicting good news in next month

Blockchain start-up Ripple could launch a commercial application of its cryptocurrency-focused product “in the next month or so,” an executive at the company has told CNBC. Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said Monday that the firm was making significant headway with its xRapid product, which is […]

Trump the symptom not the cause of the trade war

Escalating trade tensions between the United States and China would have manifested with or without Donald Trump, experts said at the Singapore Summit on Saturday. While the U.S. president’s “crazy” ways have worsened it, he’s only a symptom of world developments that have hastened the tensions, and not the cause, pointed out Dani Rodrik, a […]

Italy to stick to euro budget rules

Italy’s economy minister is expected to prevent Italy’s 2016 budget deficit from rising above 1.6 percent of the country’s gross domestic product (GDP), an Italian newspaper reported Monday. Economy Minister Giovanni Tria is due to meet Prime Minister Giuseppe Conte and joint Deputy Prime Ministers Luigi Di Maio and Matteo Salvini on Monday to discuss […]