Gold Silver Reports – Happy Friday, everyone! Hope you’re all doing well as we begin to wrap up the trading week. I also hope the trading week so far has been a profitable one for you – though I’m sure most of our readers tend to be – but here’s a little something that Greg shared overnight to get you into the right mindset.
Global Economic
China: Cutting our GDP forecast – Gold Silver Reports
A race between government stimulus and damages from trade war
China’s overall economic performance in terms of GDP depends on whether fiscal stimulus and monetary easing are big enough and happening fast enough to offset the negative impact on exports and related manufacturing activity from the ongoing trade war.
Feds Evans: Economic Fundamentals Strong, Labor Market Still Improving
Speaking to Reporters : –
Fed’s Evans speaks to reporters and his comments are a bit hawkish:
✅ economy generating inflation close to Feds 2% goal
✅ sees Fed becoming restrictive in 2020 but could be 2019
✅ trade tariffs adding some uncertainty
ECB Releases its Economic Bulletin for its July Meeting
✅ Indicators point to broad-based growth still ✅ But at a somewhat slower pace than that in 2017 ✅ Threat of protectionism remains prominent ✅ Risk of heightened market …
Still Talking About BOE Hikes? Some Are Already Betting on a Cut
They are building positions in money-market options that pay off if broad market expectations swing toward a rate reduction as early as March — which happens to be the deadline for Brexit. Simply put, they are looking to profit on a potential policy response from BOE should the U.K. leave the European Union without a deal.
UK to Use Trump as Secret Weapon in Brexit Talks?
Gold Silver Reports (GSR) – It seems that the Bloomberg story here implies that the UK wants to aim for a later deadline in Brexit talks in hopes that the EU will be so preoccupied with the prospect of Trump disrupting the G-20 summit that they will want to a Brexit deal wrapped up.
Reserve Bank of Australia Governor Philip Lowe Speech at the Anika Foundation Lunch
✅ RBA board sees no strong case for near-term rate move
✅ Says next rate move likely to be up if economy evolves as expected
✅ Timing of move depends on unemployment, inflation moving to middle of target range
✅ Says natural for rates to eventually return to more “normal” levels