DR. Mark Thornton joins John O'Donnell and Merlin Rothfeld for a look at the resurgence of Detroit, and how many Austrian Economic principles are key in the resurrection. The trio also talks about drug policy and how political acceptance is impacting drug cartels around the world. This acceptance provides significant opportunities for entrepreneurs and investors alike! John also talks about his new weight loss challenge!
Editors’ Picks
EUR/USD strengthens above 1.1300 on gloomy Fed’s Beige Book
The EUR/USD pair edges higher to around 1.1335 during the early Asian session on Thursday. Mitigating concerns over potential tariff threats by US President Donald Trump exerts some selling pressure on the US Dollar.
GBP/USD gains traction above 1.3250 on fresh trade uncertainty
The GBP/USD pair gathers strength to near 1.3270, snapping the two-day losing streak during the early Asian session on Thursday. The US Dollar weakens against the Cable due to the uncertainty surrounding Trump’s trade policies.
USD/JPY tumbles toward 142.50 amid US-Japan trade talks
USD/JPY closes in on 142.50, correcting sharply from over a one-week top set on Wednesday. Uncertainty over the US-Japan trade talks and the divergent BoJ-Fed policy expectations continue to offer a double-whammy to the pair amid a fresh bout of US Dollar selling.
Editors’ Picks
AUD/USD drops to 0.6350 as markets turn cautious on trade uncertainty
AUD/USD is falling back toward 0.6350 in Thursday's Asian trading amid fading optimism over a quick resolution to the US-China trade dispute. Meanwhile, a renewed US Dollar selling on looming trade uncertainty, concerning US, China and Japan could limit the pair's downside.
USD/JPY tumbles toward 142.50 amid US-Japan trade talks
USD/JPY closes in on 142.50, correcting sharply from over a one-week top set on Wednesday. Uncertainty over the US-Japan trade talks and the divergent BoJ-Fed policy expectations continue to offer a double-whammy to the pair amid a fresh bout of US Dollar selling.
Gold price bounces back above $3,350 on fading US-China trade deal optimism
Gold price regains positive traction abpve $3,350 in the Asian session on Thursday, snapping a two-day losing streak to the $3,260 area, or the weekly low touched the previous day. The optimism over a possible US-China trade deal fades quickly and revives demand for the safe-haven bullion.
Ethereum ETF sees boost as bulls target descending channel resistance
Ethereum gained 2% on Wednesday after US spot Ether ETFs recorded their largest inflows since February 4. However, the top altcoin could face a correction after experiencing a rejection at its 50-day Simple Moving Average.
Five fundamentals for the week: Traders confront the trade war, important surveys, key Fed speech Premium
Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.
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