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Latest News Headlines
Bloomberg: Stocks Mixed on Trade Hopes as Volatile Month Ends: Markets Wrap
Stocks in Asia were mixed and Treasury yields edged higher on the final trading day of a tumultuous month dominated by the trade war. Benchmarks rose in Tokyo, Sydney and Seoul after China indicated it wouldn’t immediately retaliate against the latest American tariff increase. Read more >
Bloomberg: Trump’s New Trade War Tool Might Just Be Antique China Debt
President Donald Trump’s next move in an increasingly fraught trade war with China could be one for the history books, literally. The Trump administration has been studying the unlikely prospect of reviving century-old claims on Chinese bonds sold before the founding of the communist People’s Republic. Read more >
Bloomberg: Mnuchin Risks Unsettling Markets With Ultra-Long Treasury Bonds
The U.S. government’s latest look at expanding its bond horizon way past 30 years may also signal a shift away from the debt-issuance strategy it’s used for decades to soothe investors. And the idea will probably encounter resistance from the elite group that advises Treasury Secretary Steven Mnuchin on how to manage America’s debt. Read more >
Bloomberg: Australia Is About to Run a Surplus at Precisely the Wrong Time
Australia is on track to close twin deficits that were once seen as the Achilles heel of its small and open economy. Yet the dramatic turnaround is probably not what the Reserve Bank is after. Read more >
Bloomberg: Draghi Gets Warning Shots From ECB Hawks as Stimulus Talks Near
European Central Bank policy makers wary of ever-more monetary stimulus have fired the first warning shots two weeks before they meet to discuss bolstering the euro-zone economy. Read more >
Bloomberg: The Almighty Dollar Needs a Rival
There’s a serious imbalance at the heart of the world economy. Even though the output of the U.S. has shrunk as a share of world gross domestic product, the U.S. currency remains as essential as ever. Read more >
Reuters: Asian shares at one-week top on conciliatory trade tone, stimulus hopes
Asian shares jumped to a one-week high on Friday as the United States and China returned to the negotiating table to resolve their tariff dispute and on hopes central banks and governments will do more to avert a global growth slowdown. Read more >
Reuters: Signs of new U.S.-China trade discussions emerge as increased tariffs loom
The United States and China gave signs on Thursday that they will resume trade talks as the two economic superpowers discussed the next round of in-person negotiations in September ahead of a looming deadline for additional U.S. tariffs. Read more >
CNBC: China will likely wait out the trade war as it bets on its own economy
China’s best option in the trade war is to wait it out, experts say, as it’s huge domestic economy is increasingly being driven by the power of its consumers — not trade. Playing the long game is “probably the best and only option” that China has, said Chung Man Wing, investment director at Value Partners. Read more >
CNBC: ‘A very British coup’: Global media reacts to Boris Johnson’s move to suspend parliament
British and international media outlets have responded predictably strongly to Prime Minister Boris Johnson’s decision to shut down parliament for several weeks, with newspapers around the world transfixed by the surprise announcement. Read more >
Currency Strength Indicators
The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair.
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