Yesterday, U.S. stocks faltered on their run of all-time highs as investors sorted through a group of high-profile earnings for clues on the strength of the American economy. The 10-year Treasury yield reached its highest level since March’s Federal Reserve meeting.
“We’re going to win either way. We either win by getting a deal or we win by not getting a deal,” Trump said during a visit to a business roundtable in Burnsville, Minnesota.
This trade war has cost the two largest economies billions over the last nine months and will continue to bleed both economies until it ends. Treasury Secretary Stephen Mnuchin has said the deal is close to done but there are still issues around enforcement to iron out.
Sterling slipped yesterday due to a report that talks between the government and Labour were stalling. Though the robust jobs data released yesterday could help the GBP bounce back, clouds of confusion could still hold it down.
Times in GMT
CNY GDP (YoY) (Q1)
Predicted: 6.3% Previous: 6.4%
CNY Industrial Production (YoY) (Mar)
Predicted: 5.6% Previous: 5.3%
GBP CPI (YoY) (Mar)
Predicted: 2.0% Previous: 1.9%
EUR CPI (YoY) (Mar)
Predicted: 1.4% Previous: 1.4%
CAD Core CPI (MoM) (Mar)
GBP BoE Gov Carney Speaks
USD Crude Oil Inventories
Predicted: 2.294M Previous: 7.029M
This commodity’s 1D chart has shown a Three Inside Down pattern which signaling a likely downtrend.
This commodity’s 1D chart has shown a Harami Bullish signal indicating a likely reversal to an uptrend.