Japan’s Nikkei hit a 27-year high on Friday, taking heart from a boost for the dollar after the Federal Reserve chairman said he did not expect a near-term recession, and strong gains on Wall Street overnight.
United States
What Would Happen To USD If Oil Hits $100 A Barrel?
Technical Perspective
The main focus is now on a retest of the year to date high (and 2011 low) around 75.15. Above here and the next technical resistance level will be the 61.8% retracement from 2014 highs around 79.51. To the downside, support is seen along the bullish channel base which, while intact, keeps focus on the further upside.
Donald J. Trump Tweet – Jobless Claims fell to their lowest level in 49 years!
Donald J. Trump Tweet – Jobless Claims fell to their lowest level in 49 years!
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a 49-year low in a sign the job market remains strong.
Fed likely to Raise Rates, Possibly end ‘Accommodative’ Policy Era
Gold Silver Reports (GSR) — Two-day policy meeting could mark the formal end of the “accommodative” level of rates the Fed has used to support the American economy since the onset of the 2007-2009 recession.
Gold Slips as Trade, Emerging Market Worries Lift Dollar – Gold Silver Reports
Gold slipped on Tuesday as concerns over an escalating trade conflict between the United States and China battered emerging market currencies and prompted investors to seek perceived safety in the dollar. A stronger dollar makes dollar-priced gold costlier for non-US investors.
Only Interpreters to be Present at Donald Trump and Kim Jong-un’s 45-Minute Private Meet; US Security Experts Raise Concerns
Gold Silver Reports (GSR) – After greeting each other for the first time Tuesday in front of reporters, the American president and the North Korean leader will seclude themselves on Singapore’s Sentosa Island for roughly 45 minutes while their entourages wait nearby. The intimate huddle will precede a larger meeting and a working lunch attended by Trump’s chief of staff, national security adviser and secretary of state, the White House said, along with some of their North Korean counterparts.