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15 Aug 2017

Formal investigations of China’s trade policies on intellectual property underway - UOB

Analysts at UOB Group noted that US President Donald Trump signed an executive memorandum on Monday to authorise an investigation into China’s alleged theft of intellectual property.

Key Quotes:

"U.S. Trade Representative Robert Lighthizer will have a year to look into whether to launch a formal investigation of China’s trade policies on intellectual property.

Lighthizer said that China intellectual property probe will be one of USTR’s highest priorities.

The long period of consultation during the investigation period and Trump’s planned visit to China in November will provide a platform for both sides to negotiate outstanding issues."

Aug 15, 2017

USD/CHF reutrns to pre-data levels below mid-0.97s

After rising to a fresh session high at 0.9751 on the back of higher-than-expected retail sales data from the U.S., the USD/CHF retraced a portion of

US: Demand for new homes strengthens in August - Wells Fargo

According to analysts from Wells Fargo, the National Association of Home Builders/Wells Fargo Housing Market Index showed rising demand for new...