July 2018

The U.S. and China are seeking to restart talks to avert a trade war, according to a Bloomberg News report. The media outlet said representatives of Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu are talking privately, according to sources familiar. Mnuchin told CNBC last week there continues to…

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Consumer confidence gained more than expected in July, but consumers remained concerned about future economic growth. The Confidence Board’s index increased to 127.4 in July, beating an estimated 126.5 by Reuters economists. The index was up from a disappointing revised reading of 127.1 in June, sunken by lower income prospects….

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Gold is supposed to be a haven, a place for investors to turn during tumultuous times. But in the middle of a trade war, gold has fallen into a correction, down more than 10% from its high for the year. Why has the price fallen lately? Simply put, it’s the…

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The sell-off in GBPUSD (cable) has been losing momentum for a couple of months now, with the pair having stalled around 1.30 despite one attempt to break below a couple of weeks ago, something that now looks like a false breakout. The move has coincided with a general improvement in…

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