Source: CNBC The EU looks ahead to pressuring the US to ease Trump-imposed tariffs ahead of the Brussels meeting next week. EURUSD is up +0.19%. Europe wants the US to end aircraft-related tariffs, as well as steel and aluminum duties before the end of this year. There is no certainty that the US will agree to lift the tariffs on EU’s request. President Trump imposed … [Read more...] about EU to use “Symbolic” Brussels Meeting to Press for an End to Trump-Imposed Duties
Forex News
U.S Job Recoveries Continue with a Record 9.3M Employment Opening
Source: Bureau of Labor Statistics Rapid recoveries of the U.S saw the economy register a record 9.3 million jobs openings in April. SPY gains +0.052% on news, DXY is up +0.12%. The job openings were higher than March’s 8.3 million and more than expected 8.18 millionThe hire rate remained low at 69,000, unchanged from the previous month at 4.2%Quits, which measures … [Read more...] about U.S Job Recoveries Continue with a Record 9.3M Employment Opening
Americans Are Still Holding on to Their Stimulus Paychecks – BoA
Source: CNN Most Americans continue to park the last rounds of economic stimulus they received in banks. Bank of America Chief Executive Officer Brian Moynihan said most clients of the bank have not yet spent about 65% to 70% of the most recent stimulus paychecks.The United States released $804 billion to individuals and families classified as low and middle income … [Read more...] about Americans Are Still Holding on to Their Stimulus Paychecks – BoA
U.S Cuts Trade Deficit by $6.1 Billion in April
Source: Bureau of Economic Analysis U.S narrowed its international trade deficit to $68.9 billion in April, from $75 billion in March. DXY reacts to news +0.10%, SPY sheds -0.11%. U.S exports in April jumped by $2.3 billion from March to reach $205.0 billion. Imports in April slipped by $3.8 billion from March to $273.9 billion in April. Overall year to date … [Read more...] about U.S Cuts Trade Deficit by $6.1 Billion in April
Will Commodity Markets See a Return of $100 Oil? Option Traders Keep Bets
Source. WSJ Owners of $100 options are betting that oil prices will hit $100 a barrel towards the end of the year. CL! is down 0.26%. Having seen oil surge at least 40% this year, the option traders see it gaining momentum as coronavirus restrictions are loosened. A price of $100 in prices will see oil reach a milestone hit in 2014. Analysts have cautioned … [Read more...] about Will Commodity Markets See a Return of $100 Oil? Option Traders Keep Bets
