Daily Market Review – 10/1/2019
Carney: Yuan to overtake USD, USD down on Trump walkout, and Canada maintains steady rates.
Carney: Yuan to overtake USD, USD down on Trump walkout, and Canada maintains steady rates.
Asia already reacting to falling US index futures, Irish manufacturing down but still the best in Europe, & USD down on government shutdown – ahead of US China trade talks.
Once central banks themselves go crypto, the choice between a virtual currency and one backed by a central bank will become a no-brainer.
The European Central Bank announced it would start to withdraw from its easy money scheme by reducing its bond purchasing programme by €30 billion, as expected.
weak data out of the Eurozone and better than expected data out of the US drove the EUR lower once again, although it managed to come off its lows as the day.
Oil prices continued to rally on Tuesday as Iraqi forces move in on the oil-rich city of Kirkuk.
Asian markets traded broadly higher Thursday, extending their own gains in response to the overnight strength from Wall Street.
President Donald Trump proposed the biggest tax reform to the US tax system in three decades, pushing the dollar to a five-week high.
If president Trump was a savvy business man when he was a private real estate investor he certainly isn’t showcasing his talent in the political arena.