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US President Donald Trump says US will continue to support Israel
US President Donald Trump said on Sunday that the United States will continue to support Israel, adding that he hopes there will be a deal between Iran and Israel but they have to fight it out. Trump opposed an Israeli plan to kill Iran’s Supreme Leader Ayatollah Ali Khamenei as the US President pre
EUR: Not liking the oil rally – ING
The Euro (EUR) generally dislikes geopolitical shocks leading to higher energy prices, and has therefore detached from JPY and CHF in early price action after the Israeli strike on Iran. This is a trigger for an unwinding of stretched longs on EUR/USD, which, according to our model, briefly reached
Gold rally extends to Silver, Platinum [Video]
The week started on a quiet note in the US and with some weakness in Europe, where many were off due to a religious holiday. But futures are in positive territory this morning as traders return to their desks. One of the main drivers of optimism is the renewed momentum in US/China trade talks. The f
ECB seen cutting rate to 2.00% – BBH
The ECB is widely expected to cut the policy rate 25bps to 2.00% (8:15am New York, 1:15pm London), BBH FX analysts report. Focus turns to Lagarde and split vote "President Christine Lagarde’s press conference is 30mins later. The ECB will publish updated macroeconomic projections. At the last April
USD/CNH: Likely to trade between 7.1850 and 7.2050 – UOB Group
US Dollar (USD) is likely to trade between 7.1850 and 7.2050 against Chinese Yuan (CNH). In the longer run, for now, USD is likely to trade in a range between 7.1800 and 7.2300, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. USD is likely range-bound for now 24-HOUR VIEW: "Yesterday, we
Conflict between the US and China picks up speed again – Commerzbank
US President Donald Trump seems to enjoy keeping people on their toes with his social media announcements every Friday. After causing turmoil the previous week with his threat of tariffs on EU goods, which he later backtracked on as we reported, the conflict with China resumed this Friday, Commerzba
Americans' incomes continue to rise sharply without fuelling inflation
Household personal income in the US rose by 0.8% in April, following increases of 0.7% and 0.8% in the previous couple of months. This is the fourth consecutive month that the figure has exceeded analysts' average expectations, which were 0.3% this time. Meanwhile, we have become accustomed to the m
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