as mentioned in Where sentiment might lead is itself clouded however, with futures tracking the FTSE 100 and S&P 500 equity benchmarks trading conspicuously flat before markets in London and New York come online. It may also make for increased sensitivity to stray headline flow however as markets search for a catalyst. Soundbites informing lingering concerns about global trade war escalation might prove particularly potent. Scheduled remarks from hawkish-leaning Richmond Fed President Tom Barkin might be another source of volatility in the absence of higher-profile developments. FX TRADING RESOURCES--- Written by Ilya Spivak, Currency Strategist for DailyFX.comTo contact Ilya, use the comments section below or @IlyaSpivak on Twitter
collected by :Mathio Rix
Will China Start A Currency War Against The Dollar?
Will China start a currency war against the dollar? U.S. GDP To Grow China-Like At 5% — ForbesIn 2015, a lack of market confidence in China's currency policy contributed to capital flight, spooking global markets. At that, Trump noted that the Chinese currency has "dropped like a rock," implying that China is manipulating the currency. "The trade war continues to escalate," says Neil MacKinnon, an economist at VTB Capital. "Right alongside what looks like an outright currency war," he says.U.S.-China Currency War Singes Hollywood Box Office
according to On Aug. 6, despite modest stabilization measures announced Aug. 3, the Chinese currency slipped to 6.84 yuan to $1. For Hollywood studios, it means that the value of their box office revenues in the Middle Kingdom has taken an 8% haircut in dollar terms. "But it is clear that the trade war is happening."Potential problems for the industry could go deeper than just devalued box office receipts. Some of the deals that brought Chinese money to Hollywood have already fallen by the wayside, a product of tighter credit terms and poor returns. Chinese investors would be there for that."collected by :Mathio Rix