US: MNI POLITICAL RISK - Trump To Meet w/Japanese Trade Delegation
Apr-16 11:52
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- President Donald Trump will meet with a Japanese trade delegation at the White House today, offering the first look at how the administration will approach trade talks with allies.
- Trump launched a probe to determine if tariffs are required on critical minerals.
- A standoff between Washington and Beijing over opening trade talks continues. China is reportedly open to talks if Trump "shows respect". White House Press Secretary Karoline Leavitt said: “The ball is in China’s court… We don’t have to make a deal with them.”
- WSJ reports the Trump administration plans to use tariff negotiations to pressure trading partners to limit dealings with China.
- On Thursday, Italian PM Giorgia Meloni will become the first European leader to meet Trump since Liberation Day. Meloni has an ideological affinity with Trump, but her country lags on defence spending and operates a large trade surplus with the US.
- A dozen House Republicans warned they won’t back a reconciliation package that includes major cuts to Medicaid.
- The White House is launching a new phase towards dismantling government regulation.
- Up to 40,000 employees could leave the IRS through a combination of layoffs and buyouts.
- Trump hinted at another farm bailout package.
- The Trump administration is divided over the best way to prevent Iran from acquiring a nuclear weapon
- Poll of the Day: Many Americans expect deportations to lead to higher food prices.
Full Article: US DAILY BRIEF
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OPTIONS: Larger FX Option Pipeline
Mar-17 11:49
- EUR/USD: Mar18 $1.0745-55(E2.3bln), $1.0900-10(E678mln); Mar19 $1.0800(E1.5bln), $1.0900(E1.1bln); Mar20 $1.0900-10(E1.3bln)
- USD/JPY: Mar18 Y147.00($1.2bln), Y148.50($1.2bln), Y150.00($1.4bln); Mar20 Y145.00($1.2bln)
- AUD/USD: Mar18 $0.6320-30($1.5bln); Mar20 $0.6400-15(A$1.5bln)
- USD/CAD: Mar19 C$1.4565($1.6bln)
OUTLOOK: Price Signal Summary - Gold Bulls Remain In The Driver's Seat
Mar-17 11:48
- On the commodity front, a clear uptrend in Gold remains intact and last week’s move higher reinforces current conditions. The yellow metal traded to a fresh all-time high and price has also pierced the psychological $3000 handle. Note that moving average studies are in a bull-mode position, highlighting a dominant uptrend and positive market sentiment. Sights are on $3006.9 next, a 2.236 projection of the Nov 14 - Dec 12 - 19 price swing. Key S/T trend support has been defined at $2832.7, Feb 28 low. First support lies at $2913.9, the 20-day EMA.
- In the oil space, a bearish condition in WTI futures remains intact and the latest recovery appears corrective - for now. Recent weakness resulted in a breach of $70.20, the Feb 6 low. This confirmed a resumption of the downtrend that started Jan 15 and has paved the way for an extension towards $63.61 next, the Oct 10 ‘24 low. MA studies are in a bear-mode position, highlighting a dominant downtrend. Key pivot resistance is $69.86, the 50-day EMA.
MNI EXCLUSIVE: Dennis Lockhart discusses the U.S. and Fed outlook
Mar-17 11:40
Former Atlanta Fed President Dennis Lockhart discusses the U.S. and Fed outlook -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
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