Market News
Morning Commentary & Currency Insights – June 28, 2018
- June 28, 2018
- Posted by: Joey Benedid
- Category: Market News
No CommentsThe Dollar Index is slightly down today after seeing gains across the board yesterday. Trade tensions eased as the Trump administration backed off from a total ban on Chinese investment in US companies. Uncertainty remains though as Larry Kudlow mentioned that Trump’s announcement did not specify a softened stance on China. A summit for Trump
Morning Commentary & Currency Insights – June 27, 2018
- June 27, 2018
- Posted by: Joey Benedid
- Category: Market News
The Dollar Index has been under pressure as heightened trade tensions continue to weigh on the market. Earlier in the week, Trump had indicated that he was planning to prevent Chinese investment in US tech which in part has contributed to the slide in Chinese Indices. Trump has since changed his tone stating that he
Morning Commentary & Currency Insights – June 20, 2018
- June 20, 2018
- Posted by: Joey Benedid
- Category: Market News, Uncategorized
The DXY is 0.06% as it continues to push highs that we haven’t seen since last July. Trade war escalation took the night off as neither China or the US added to the deteriorating rhetoric between the two nations. Earlier in the week Trump threatened to impose a 10% tariff on $200B of Chinese imports,
Morning Commentary & Currency Insights – June 19, 2018
- June 19, 2018
- Posted by: Joey Benedid
- Category: Market News
The Dollar Index is up 0.56% to 95.29 as we reach highs we haven’t seen since early November. The Dollar broke out overnight after Trump ordered the identification of $200B in Chinese imports to assign a 10% tariff, while threatening to apply a tariff on an additional $200B in Chinese imports if Beijing chooses to
Morning Commentary & Currency Insights – June 18, 2018
- June 18, 2018
- Posted by: Joey Benedid
- Category: Market News
The Dollar made strides towards the end of last week, seeing the DXY rise 1.33% over he course of the week. The main push for Dollar bulls was the diverging monetary policy outlooks between the US and Europe. The Fed was hawkish and alluded to two more hikes throughout 2018, while the ECB took a
Morning Commentary & Currency Insights – June 15, 2018
- June 15, 2018
- Posted by: Joey Benedid
- Category: Market News
The Dollar broke through resistance during the overnight session as trade tensions continue to make headlines. Trump announced that he has approved more tariffs on Chinese goods worth about $50B. The Trump administration is also planning a second list of goods that it plans to slap more tariffs on. The two largest economies continue to
Morning Commentary & Currency Insights – June 13, 2018
- June 13, 2018
- Posted by: Joey Benedid
- Category: Market News
The event of the day will be the FOMC rate decision at 2PM EST where a 0.25% hike is expected & fully priced into current levels. What will be of greater interest is the press conference at 2:30PM EST following the release. With global trade tensions at the highest level seen in many decades, led
Morning Commentary & Currency Insights – June 12, 2018
- June 12, 2018
- Posted by: Joey Benedid
- Category: Market News
With the long awaited meeting between Trump and Kim Jung Un done, markets are in a wait-and-see mode as they wait for concrete evidence that the involved parties will actually take steps to achieve what they have promised. The two nations signed a declaration that North Korea would work towards complete denuclearization of the Korean
Morning Commentary & Currency Insights – June 11, 2018
- June 11, 2018
- Posted by: Joey Benedid
- Category: Market News
The G7 Summit ended with little to show for, as Trump departed early from the Summit and trade tensions remain between the US and it’s closest allies. Trump flew to Singapore from Quebec ahead of his Summit with North Korea, which is slated to begin at 9:00PM EST tonight. Trump is confident that he’ll be
Morning Commentary & Currency Insights – June 8, 2018
- June 8, 2018
- Posted by: Joey Benedid
- Category: Market News
The G7 Summit begins today in Quebec, and focus is now on the early departure of Trump as he heads to Singapore ahead of the Summit with North Korea. France and Germany warned the US that they would not sign a joint statement without concessions on trade, the Iranian nuclear deal and the Paris