Switzerland July trade balance report now out 22 Aug
– prev from CHF 2.81bln
– exports real mm -1.7% vs -1.3% prev from -1.9%
– imports real mm -1.0% vs -0.7% prev from -0.5%
Not to a lot to glean from this but generally a stronger report.
Switzerland July trade balance report now out 22 Aug
Japanese finance ministry intention according to govt sources 22 Aug
– assumes borrowing rate of 1.2% in FY 2018/19 budget request
Reuters reporting their sources fyi.
The post Japan government sees debt-servicing spending around JPY 23.8trln in FY2018…
Japan July supermarket sales reading out a short while ago 22 Aug
Next up the equally influential ( not) latest sushi street food sales…(not)
Meanwhile USDJPY 109.27 with Nikkei 222 currently -0.07% at 19380.70 as we head into the final 40 min…
The post Japan July supermarket sales yy 0.0% vs -1.2% prev appeared first on Forex news forex trade.
GBPUSD had a couple of looks above 1.2910 yesterday but now lower 22 Aug
It’s an area I’ve been highlighting for a while and been happy to sell into.
Currently 1.2882 after 1.2916 highs yesterday we should expect some support/demand down here between 1…
The Secret Service is going broke trying to protect President Donald Trump and his family, according to an exclusive report by USA Today. After Trump released his first budget outline, mainstream media outlets seized the opportunity to attack the president by reporting on the exorbitant cost of protecting First Lady Melania Trump, and son Barron Trump, who had remained behind at the Trumps’ suite in Trump Tower after the president moved to the White House so Barron could finish the school year.
In an interview with USA Today, Secret Service Director Randolph “Tex” Alles said more than 1,000 agents have already hit the federally mandated caps for salary and overtime allowances that were meant to last the entire year.
Randolph “Tex” Alles
Here’s USA Today with more:
“The agency has faced a crushing workload since the height of the contentious election season, and it has not relented in the first seven months of the administration. “The president has a large family, and our responsibility is required in law,” Alles said. “I can’t change that. I have no flexibility.”
“The president has a large family, and our responsibility is required in law,” Alles said. “I can’t change that. I have no flexibility.”
According to USA Today, 42 people have secret service protection under Trump, a number that includes 18 members of his family. That’s up from 31 during the Obama administration.
The Secret Service said Monday it has enough money to protect President Trump through September, even as the agency acknowledged it’s running up against its spending limit for agents protecting the president and his family.
Since Trump took office, the Secret Service has spent more than $6.6 million to protect Trump’s Mar-a-Lago resort in Florida, and each weekend trip there costs an additional $1 million. To cover these costs, the agency has asked Congress to increase its $60 million budget, and allow it to exceed overtime caps for certain employees.
However, in a statement published in response to the USA Today report, the agency assured its employees, and the public, that it will be able to fully compensate employees for overtime, according to the Hill.
“The Secret Service has the funding it needs to meet all current mission requirements for the remainder of the fiscal year and compensate employees for overtime within statutory pay caps,” agency director Randolph “Tex” Alles said in a statement.”
The current fiscal year ends Sept. 30.
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Economic data risk coming up in this session 22 Aug
Greetings one and all.
Data wise today it’s a busier slate but focus still on political/geo-political with a nod also toward Jackson Hole so let’s see what transpires.
I noticed this on the Finance Magnates website and thought I’d pop it up, if you are trading bitcoin etc. its useful explaining who is offering what
Cryptocurrency Brokers – the Complete Trading Guide
The post Cryptocurrency Brokers – the Complete Trading Guide appeared first on Forex news forex trade.
Forex news for Asia trading Tuesday 22 August 2017
USD/JPY was a mover here in Asia today, higher during the Tokyo morning. It finished the US session in a choppy 108.80/90 sort of range before popping higher, above 109 then 109.10 , consolidating ther…
Chart and technical analysis via Lloyds note
Prices sit in a holding pattern over 1.2845 support.
Long term, we believe we are in the final stages of the cycle that started back in 2007 at 2.1160.
The post GBPUSD in a holding pattern – bias for a move lower – levels and risks ahead appeared first on Forex news forex trade.
Treasury Secretary Steven Mnuchin had a busy day today: shortly after warning once again that a US debt ceiling deal has to be done by late September or else the country would run out of cash and suffer a technical default, roughly around the time he hinted that Trump may keep carried interest tax breaks for some firms that create jobs (while eliminating it for hedge fund managers), the former hedge fund manager and Hollywood producer paid a rare official visit to Fort Knox to check out the nation’s gold stash on Monday, while – as Bloomberg put it – keeping an open mind for future film projects.
“I assume the gold is still there,” Mnuchin told an audience in Louisville, Kentucky some 40 miles north of the biggest U.S. Bullion Depository (except of course for the foreign gold stash at the NY Fed). “It would really be quite a movie if we walked in and there was no gold.” It’s unclear if Mnuchin was envisioning a comedy or a drama.
After the visit, Mnuchin who was the first US Treasury Secretary to visit Fort Knox in nearly 70 years, “playfully” reassured Americans the treasure was still secure.
“Glad gold is safe!” he wrote in a post on Twitter.
— Steven Mnuchin (@stevenmnuchin1) August 21, 2017
Mnuchin, whose action-film credits include ‘‘Mad Max: Fury Road,” “The Lego Batman Movie” and “Suicide Squad,” according to Bloomberg, said that he would be only the third secretary of the Treasury to go inside the vault since it was created in 1936 by President Franklin Delano Roosevelt.
“We have approximately $200 billion of gold at Fort Knox,” said Mnuchin. “The last time anybody went in to see the gold, other than the Fort Knox people, was in 1974 when there was a congressional visit. And the last time it was counted was actually in 1953.”
Which is why the American public is so lucky it can take the word of a former Goldman partner without any trace of doubt…