US Secretary Mnuchin He Will Travel to Beijing Soon
U.S. Treasury Secretary Steven Mnuchin said on Wednesday he will likely travel to Beijing soon to co...
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US Business Inventories Flat in March as Sales Ramp Up
U.S. business inventories were unchanged in March as sales increased by the most in more than two ye...
Gold settles with a modest gain, remains pinned below $1,300
Gold prices finished modestly higher Wednesday, although remained below the psychologically signific...
Risk Appetite Returns on Trump Auto Tariff Delay
Today’s main market move was driven by the Trump administration expected decision to delay auto ta...
USD/JPY – Japanese yen yawns as U.S retail sales disappoint
USD/JPY is almost unchanged on Wednesday. In the North American session, the pair is trading at 109....
Oil Prices Rise on Geopolitical Turmoil Despite Rising US Inventories
Oil prices are rising on Wednesday despite higher US weekly crude inventories. The Energy Informatio...
FTSE gains ground as trade tensions continue to cause swings in markets
After a rough start to the week, the FTSE has reversed directions and posted gains. In the North Ame...
EIA: Crude Oil Inventory report +5.43 million build vs expectations for a flat reading
West Texas Intermediate crude pared losses following the larger than expected build, which some trad...
GBP/USD – Pound slips to 3-month low despite soft U.S. retail sales
GBP/USD has posted considerable losses on Wednesday, as the pound continues to slide. In the North A...
Nancy Pelosi to Meet with Trade Rep Lighthizer
House Speaker Nancy Pelosi will meet with President Donald Trump’s top trade negotiator Wednesday ...
US Factory Production Fell in April
Declining output of cars and machinery led U.S. factory production to fall unexpectedly in April, a ...
Steve Bannon Says No Chance Trump Backs Down on Trade With China
There is “no chance” President Donald Trump will back down in the U.S. trade war with China, for...
Weekly US Mortgage Applications Drop 0.6%
Mortgage hunters were not particularly impressed with the latest drop in interest rates. Mortgage ap...
IEA Says Rising US Oil Output to Cover Gap from Iran and Venezuela
The world will require very little extra oil from OPEC this year as booming U.S. output will offset ...
German Auto Sector Could Fall 12% if US Imposes Tariffs
Germany’s automotive sector could fall as much as 12% over “three bad trading days,” if Presid...
Iran Ends Key Nuclear Commitments
Iran is officially ending one of its key commitments to the 2015 nuclear deal, local media reported ...
German GDP Rose 0.7% on a Yearly Basis
The German economy expanded in the first quarter of this year as growth in consumer spending and bus...
Risk Aversion on Weak US and Chinese Data
Both China and US are seeing softer data points ahead of an escalation in tariffs. US stocks opene...
U.S Retail sales declined in April, missing expectations
U.S. retail sales unexpectedly declined in April for the second time in three months, weighed down b...
USD/CAD – CAD trades weaker on BoC preferred inflation measure miss
The annual inflation rate in Canada accelerated slightly in April on broad-based price increases for...