| | No Trade Agreement for China & States Yet
# w e e k l y r e v i e w |
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Whirlwind for Wall Street Sparks Plunge
The U.S produced another whirlwind of torment on Friday with a steep plunge. Just as some traders were preparing to dip their toes in the waters again, equities got pummeled on the three major Indexes as the White House made it clear no agreement is imminent with China regarding the escalating trade fiasco. While the Average Hourly Earnings data in the U.S came in...Read more |
| | | Risk Adverse Traders Seek U.S Dollar
The U.S Dollar got a jolt of strength on Friday. However, it did not come via a strong inflation result from the wage numbers. What happened was that risk adverse investors who were caught up in the firestorm in equities on Wall Street as losses mounted, likely began to seek the U.S Dollar as a place to park investment funds until another day. The Euro and Pound came off highs and went into the weekend treading water near short term lows. The Yen also got stronger as risk adverse trading increased. The Yen should be watched closely early on Monday for a potential gap if market....Read more |
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