The Australian dollar fell versus the greenback on Friday after a private survey showed factory activity in China shrank by the most in almost three years in January. The Australian dollar, often considered a barometer for global risk appetite, fell 0.4 percent to $0.7246. The kiwi was at $0.6907, down […]
The energy trade is burning up. The energy ETF (XLE) just posted its biggest monthly gain since 2015, buoyed by oil’s bestJanuary since 1983. Frank Cappelleri, chief market technician at Instinet, said that kind of advance could fuel an even bigger crude rally which may spill over into energy stocks. […]
Gold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards. Gold fell on Friday as investors sought riskier assets amid optimism the United States and China may reach a trade deal but a pause in U.S. interest rate hikes put bullion on track for […]
France, Germany and Britain have officially put in place a European system to help facilitate trade with Iran. The move will allow the European Union to circumvent U.S. sanctions in an effort to continue humanitarian trade with Iran and work to uphold what is left of the Joint Comprehensive Plan […]
Oil prices held steady on Friday, torn between hopes the United States and China could soon settle their trade disputes and new data raising fresh concerns over China’s economic slowdown. International Brent crude oil futures were at $60.87 per barrel at 244, 3 cents above their last close. U.S. West […]
A significant reshuffling of the top logistics countries is likely this year, largely because of Brexit and the potential for a trade war between the U.S. and China. The World Bank’s bi-annual logistics performance index, released last month, had Germany on top – as usual – and the United States […]
Toy manufacturer Wah Shing said it might move production to Vietnam or India, “where there is a great labor supply” if they get hit with tariffs in 2019. The company makes toys for American brands. There’s a low likelihood at this stage of tariffs on toys given U.S.-China trade talks getting under way […]
The Chicago Bulls are partying like it’s 2014. Okay, not really, but the Bulls were finally able to acquire Carmelo Anthony, agreeing to a trade with the Houston Rockets on Monday. ESPN’s Adrian Wojnarowski first reported the deal. Of course, the Bulls don’t actually want Anthony in Chicago this time […]
Now that the New Year is here, you have an opportunity for a clean start on your crypto trading activity. Here are a few tips to keep in mind for 2019 that will help make your life much easier come tax time next year. Tip #1: Limit the number of exchanges used for […]
China is still the world’s No. 2 economy and is still the monster of emerging markets, but regardless of those bonafides, Xi Jinping’s country is losing the trade war in nearly every way imaginable. The arrest of Huawei CFO Meng Wanzhou in Canada last month for breaking U.S. sanctions law, […]
There are official and unofficial reasons for it. The official reasons have to do with China’s unfair competition strategy. Its corporations take advantage of America’s open markets, while China keeps its own markets closed to American corporations and products. This unfair competition results in lower output, factory closures, and job […]
