Beijing Responds To Trump Charge China Is A "Grand Champion At Currency Manipulation"
When it comes to the latest US stance vis-a-vis China's currency manipulation, the jury is out, and based on two recent statements it is more confused than ever.
You are here
Business
Gold Up 9% YTD - 4th Higher Weekly Close and Breaks Resistance At $1,250/oz
Gold Up 9% YTD - 4th Higher Weekly Close and Breaks Resistance At $1,250/oz
I See Red, People!
In the immortal words of Chuck Schumer: "Get back to work Mr. President..."
From the S&P to Switzerland, and from China to The CAC - global equity markets are in the red this morning, just a day after Treasury Secretary Mnuchin told the world that Trump's presidency was a 'mark to market' administration.
Europe extends yesterday's weakness...
Still a long way to go yet...
Are US banks about to play catch down?
Who's right? Bonds or Utility Stocks?
Dow Streak Of Record Highs In Danger As S&P Slides; Gold Surges
The near-record string of 10 consecutive Dow Industrials record highs, a streak not seen since early 1987, may be about to end if futures, which are currently trading -0.3% lower, fail to stage a rebound.
Trader: "The Next Market Phase May Be Dominated By Genuine Disappointment"
By Mark Cudmore, a former FX trader who writes for Bloomberg
Mnuchin’s Dose of Reality Yet to Bite
Steven Mnuchin’s dose of reality for investors in relation to the fiscal stimulus has triggered a disinflationary theme to markets that will impact many assets classes.
Yesterday, I wrote that Trump’s speech to congress on Tuesday may mark a capitulation point for reflation trades. It appears that Mnuchin has tried to pre-empt him.