China has threatened to forcefully retaliate after the US for escalating the trade conflict by threatening another $200 bln worth of Chinese goods with an additional 10% tariff. Previously, Trump threatened to $100 bln of...
The US dollar is slumping against all the major currencies in the aftermath of the hawkish Federal Reserve. In fact, the inability of the greenback to hold on to the gains scored in the initial...
The Markit group that provides many of the PMI surveys noted with today’s reports that the eurozone outlook has “darkened dramatically.” This makes for a poor backdrop for the ECB, which meets next week. However,...
Tensions between the world’s two largest economies over trade issues have dominated the agenda in recent weeks. Trade in goods and services is important. China is the top market for US goods exports in 2017....
Investors are having a fit. For the first two months after the early March Italian elections, investors could hardly care less. Italy’s premium over Germany to borrow money for a decade fell to a two-year...
There are ostensibly three main political forces in Italy. The Five Star Movement is seen as a populist party who’s agenda appears unique blend of right/left issues. From the March elections, it emerged as the...
The euro made a marginal new low early in European turnover and held barely above the spike low on March 1 to $1.2155. So far, today is the first session since January 11 that the...
Through Republican and Democrat Administrations, no US president has found that a foreign country’s activities have risen to the level that can be considered manipulation for nearly a quarter of a century. Initially, the law...
Whiplashed? Last weekend, President Trump threatened again to walk away from NAFTA. Within 48 hours, reports suggest he wanted an agreement at next week’s Summit of the America (April 13-14 in Peru). The art of...
The US and South Korea struck an important agreement this week. Many are recognizing it as the first success of President Trump’s trade strategy and a turning point in general. It is being offered as an...
In response to the resignation of one of the few “globalist” advisers in the US Administration, the resignation Cohn has sent ripples through the capital markets. Stocks have been marked down across the world. The...
There are three main influence for sterling. The first is the general dollar direction. As widely recognized, the greenback was weak last year and this has continued into this year’s activity. After falling in January,...
