News

Major restructuring in the US automaker Ford has announced that they will cut 7000 salaried jobs in a major restructuring. Of the 7000 cuts around the world, 2300 will be in the US. The cuts will be made by the end of August.  Looking at Ford’s stock price, the price moved above the 50, 100
Latest data released by Destatis – 20 May 2019 Prior -0.1% PPI +2.5% vs +2.4% y/y expected Prior +2.4% ForexLive Slight delay in the release by the source. Slightly better-than-expected producer price figures but the release here is very much a lagging indication of inflationary pressures. As such, it doesn’t hold much significance in terms
Equity Analysis and News S&P 500 | Trade War Tensions Dictating Price Action DAX | EU/US Trade Dispute is Delayed, Not Resolved Source: Thomson Reuters, DailyFX S&P 500 | Trade War Tensions Dictating Price Action The S&P 500 is on course to drop over 0.5% for the week as investor angst over US/China trade wars
Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes GOLD PRICE OUTLOOK – TALKING POINTS Gold has potential to rebound sharply from its recent stretch of weakness if looming risks intensify XAUUSD might continue to face short-term weakness from the threat of recovering risk appetite and potentially hawkish Fed minutes Read about How to
Trade talks between the U.S. and China appear to have stalled. China has not shown willingness to revisit past commitments it made that it reneged on earlier this month. Sources say scheduling discussions have not taken place since the Trump administration ratcheted up its scrutiny of Chinese telecom companies. The CNBC was reporting late in
MARKET DEVELOPMENT – GBPUSD Slides Through Support, Chinese Yuan Freefall to Spark Intervention DailyFX Q2 2019 FX Trading Forecasts GBP: Unsurprisingly, cross party talks between the government and Labour party have collapsed. However, this did push GBP to session lows, having a made a break below support at 1.2770 (noted Wednesday), while GBPJPY tripped through