May 24, 2018
Major US indices recovered early trading losses as FOMC minutes showed that the FED is not in a rush to tighten further even if inflation rose above 2% in the coming months. However, US indices remain under pressure as President Trump is said to consider tariffs up to 25% on imported vehicles mounting the fears of a trade war again.
May 23, 2018
Wall Street tumbled on Tuesday after President Donald Trump shrugged-off the optimism over the progress made in the trade talks between China and the United States.
May 22, 2018
The dollar index tumbled from a five-month high to end a five-day consecutive winning streak. The dollar was boosted by the rise of the US Treasury yields to multi-year highs due to the strong outlook of the United States Economy.
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May 21, 2018
US Indices started the week higher after U.S. Treasury Secretary Steven Mnuchin declared that the trade war between the United States and China is “on hold” following their agreement to suspend the tariff threats that shook the global markets recently.