There is no firmly scheduled time for the trade data from China, sometime after 0200GMT is a good estimate. Coming first though will be the PMI: For the China trade balance:
Blogs
The US economic recovery – V, W or Nike shaped?
The shape of the US economic recovery ahead is much discussed, will it be L, V, U, or W shaped? Seriously, this is a debate! Now there is a new contender – the Nike Swoosh shaped recovery. This is probably a read for the weekend with a glass of something (really strong most likely) in […]
US Sec State Pompeo says again China did not act fast enough over the coronavirus outbreak
Pompeo speaking on Fox, dialling back his rhetoric a little. He had previously said the virus was a deliberate man-made virus, basing his comments on media reports.
Forexlive Americas FX news wrap: ADP Employment Change: -20.263 million
Forex news for NY trading on May 6, 2020 In other markets: – spot gold felt $19.27 or -1.3% to $1686.70 – WTI crude oil futures fell $0.42 or -1.71% to $24.14. The high price reached $26.08 while the low extended to $22.58. came in with less a build than expectations. Him
US President Trump vetoes measures to curb his war powers directed against Iran
The US Congress had passed a bipartisan measure to remove Trump's war powers in Iran Trump has vetoed the measure, thus retaining his ability to launch attacks against the country.
US Sec State Pompeo assessing China's oversight of Hong Kong – delaying report to Congress
Another item of note in reference to deteriorating US-China relations. U.S. Secretary of State Mike Pompeo speaking on Wednesday, says his State Department is delaying a report to Congress assessing whether Hong Kong enjoys sufficient autonomy from China to continue receiving special treatment from the United States
White House expresses 'frustration and disappointment' on US-China relationship
White House statement from press secretary Kayleigh McEnany – says US-China relationship is one of 'frustration and disappointment' See here for global coronavirus case data
Trade ideas thread – Thursday 7 May 2020
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
AUD welcomes back the US-China trade war – Trump says he'll know in 2 weeks
The Australian dollar is not waiting for Trump's two weeks, dropping under 0.6400 as I post (AUD is particularly sensitive to trade war developments) Greg had the headlines here:
S&P and Dow close at session lows
NASDAQ are on the day but off the session highs the S&P index and Dow industrial average are both closing at/near session lows. The NASDAQ index remained higher on the day but well off its high levels.