EU on tariffs and trade via Reuters – IF US wants to stop the WTO dispute system, it’s on the right track – US view of national security is very innovative and hard to understand “they seem to want to include anything” Sounds like a lot of head-scratching in Europe.
The bank has cut its target for EUR/USD for Q1 of 2019 from 1.27 to 1.23 JPM citing several months coming of both global event risk and potential global shocks ….
A couple of headlines from overnight: British taxpayer set to lose billions in 2.6 billion pounds RBS sale – Britain is selling some of its stake in Royal Bank of Scotland for about 2.6 billion pound Britain may invest directly in Hitachi’s Welsh nuclear plant
Forex news for NY trading on June 4, 2018. In other markets, the snapshot shows: – Spot gold is down -$1.81 or -1.4% at $1291.96. The dollar rallied in the NY session and that helped to turn gains in Gold to losses. The US stocks closes higher with the Nasdaq and Russell indices closing at…
A bit late to the game perhaps but maybe dotting the “I”s and crossing the “t”s from Moody’s:
Government said to be pausing the plan There have been strikes in protest of rising fuel prices, now the government concerned actions it may take would weigh on the fiscal situation.
9 am in Singapore That’s 9 pm in New York (on June 11), 10 am in Tokyo and 2 am in London. Yonhap reports that officials are finalizing the preparatory talks and have made significant progress.
Q1 Balance of Payments and Net Export data from Australia today, Tuesday 5 June 2018 These are important data points as they provide inputs into the GDP data due Wednesday. Yesterday we got the ‘inventory’ input, which blew past expectations and triggered AUD buying. Check out more on this here:
It’s not a straight-forward trade The easiest lens to view and global problem through is risk aversion. That means that if there is trouble, but the yen, Swiss franc and US dollar (in that order).
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