BJ in the headlines, this via Reuters : For markets, the thing to keep an eye on with this (Trump administration taking children from parents) is obfuscation from the administration – diverting attention away by appeals to Trump’s voter base – attacks on China trade like we saw escalating yesterday, and so forth.
KCNA is North Korean state media, on the meeting between Kim and Xi …. reported via Reuters: Yen showing basically no response
New Zealand Q2 Westpac McDermott Miller consumer confidence data, comes in at 108.6 – Q1 was 111.2 That is a below average result, but not a huge drop. Westpac response:
General Electric is to be replaced in the DJIA by national retail drug store chain Walgreens – effective prior to the open of trading on Tuesday, June 26 General Electric was an original member of the DJIA in 1896
One of the key drivers of markets (if not the key) is human behaviour. What we are seeing right now is a manifestation. This the latest from GS: – Mr. B says Trump’s threats are just a bargaining chip and there will be no trade war.
Goldman Sachs CEO Lloyd Blankfein thinks Trump is just shooting blanks in his threats against China Blankfein Tuesday in an interview at the Economic Club of New York
Forex news for NY trading on June 19, 2018 In other markets: – Spot gold is trading down $2.73 or -0.22% – WTI crude oil is trading down -$0.93 or -1.41% at $64.92 In the US stock market, the multi-nationals in the Dow were hit the hardest on trade concerns. The broader S&P and Nasdaq…
A host of central bank speakers to look out for Good day, everyone! Hope you’re all doing well as we get the day going. It’s been a case of forgive and forget in the market as suddenly the trade rhetoric is being left in the dust towards the end of US trading overnight and Asian…
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Forex and Bitcoin news for Asia trading Wednesday 20 June 2018 There was just a little movement for forex here in Asia so far today with small ranges. News flow and data was quite limited also: another White House resignation, New Zealand data, BOJ minutes (dated), and a sharpish onshore yuan devaluation at the reference…