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1 May 2018

US Treasury Sec. Mnuchin: 'Cautiously optimistic' on China trade talks

The US Treasury Secretary Steven Mnuchin told Fox Business Network that he was “cautiously optimistic” about the highly anticipated US-China trade talks to be held in China this Thursday and Friday.

Key Quotes:

“We’re looking to have a very frank discussion on trade, on the issues of the trade imbalance.”

Asked about concerns over possible retaliatory measures by China, Mnuchin said: “It’s not a worry of mine,” adding that Trump was focused on “free and fair and reciprocal trade.”

May 1, 2018

NZD/USD: Bears target 0.7000 ahead of US ISM, NZ GDT

The NZD/USD pair extends its yesterday’s sell-off into Asia, now flirting with the key support area near 0.7030 (68.1% Fib retracement level), as the
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May 1, 2018

Gold drops back towards $ 1310 as DXY re-takes 92.00

Gold (futures on Comex) extended its overnight weakness and came under renewed selling pressure in Asia this Tuesday, as the buying interest around th
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