Perceived safe-haven assets Bitcoin and Gold were trending downwards on Friday as investors processed the emotional aftermath of China’s weak economic data. Bitcoin extends bearish bias after breaking crucial support… Read more »
WSJ reports on the matter The report says that Trump’s top economic advisers warned him that continued escalation of trade tensions could imperil the economy and hurt his chances of… Read more »
CHINA, GDP, TRADE WAR, AUSTRALIAN DOLLAR – TALKING POINTS: 3Q Chinese GDP registers narrowly worse than expected at 6.0% y/y Industrial production data, US trade talks may have offset the… Read more »
US DOLLAR INDEX TESTING CRITICAL TECHNICAL SUPPORT LEVEL AS SELLOFF ACCELERATES The US Dollar selloff is showing no signs of subsiding, but upcoming high-impact economic data releases like China GDP… Read more »
(Bloomberg) — Japan remained the biggest foreign owner of U.S. Treasuries in August as China’s holdings continued to drop. Japan’s holdings of U.S. notes, bills and bonds increased by about… Read more »
Hong Kong Bill, US Dollar, AUD/JPY, Trade War –TALKING POINTS The US House just proposed, passed a bill supporting Hong Kong protesters Legislation would require annual inspection of HK’s autonomy… Read more »
Australian Dollar Talking Points The recent breakout in AUD/USD unravels amid doubts surrounding the US-China trade negotiations, and the exchange rate may continue to give back the advance from the… Read more »
Via Bloomberg The title of this post was a good question on Bloomberg’s Markets live blog at the end of last week. Mark Cranfield phrased the question as follows: China’s… Read more »
Forex news for North American trade on October 11, 2019: Markets: Gold down $5 to $1489 WTI crude up $1.36 to $54.91 US 10-year yields up 6 bps to 1.73%… Read more »
(Bloomberg) — China is planning to cut the value-added tax rate that covers the manufacturing sector by 3 percentage points as part of measures to support the slowing economy, a… Read more »