Update of the Commercial War 19 July 2018

         On Wednesday, Steve Bannon, former chief aide to US President Donald Trump, spoke about the trade tensions between the United States and China, and his words were surprisingly optimistic. "We are at war with China," commented Bannon at the Delivering Alpha Conference. Bannon added that the United States has been dealing with trade tensions … Read moreUpdate of the Commercial War 19 July 2018

The Oil to the Low before Surprising Data

                  Oil prices fell still on Wednesday after a surprising report that showed US crude inventories rose last week, despite analysts' expectations of a significant decline in reserves. According to data from the American Petroleum Institute (API) on Tuesday, the United States injected more than 600,000 barrels into the reserves, which increases the threat … Read moreThe Oil to the Low before Surprising Data

The pound still weighs on the harsh fears of Brexit

                  The growing division within the UK Prime Minister's own party became apparent after a parliamentary vote yesterday did little to advance the agenda related to Theresa May's Brexit. That earlier pushed the pound sterling to a minimum of 8 months against the US dollar. Analysts say the Prime Minister's acceptance of certain demands … Read moreThe pound still weighs on the harsh fears of Brexit

The Dollar to the Hike after the Inflation Data

                  The dollar remained close to the 10-day high recently reached after the latest US inflation data has shown an increase. In fact, the US Department of Labor Statistics reported that, on an annualized basis, the core CPI rose to 2.3% in June, matching analysts' forecasts and exceeding the 2.2% reading of the previous … Read moreThe Dollar to the Hike after the Inflation Data

The Dollar Near 6 Month Highs

                  The dollar rose against the yen on Thursday, staying close to 6-month highs after the new economic data reaffirmed expectations of two further rate hikes before the end of the year. Wednesday's reports showed that producer prices in the United States exceeded expectations for June, registering the largest annual increase in 6½ years. … Read moreThe Dollar Near 6 Month Highs