Posted Apr 18, 13:15

Mueller, Retail Sales & China Deal

Core Retail Sales (m/m) Apr 18 12:30
Mueller, Retail Sales & China Deal Chart
11 hours ago: 

We'll find out today why US Special Counsel Mueller declined to make a decision on whether to charge Pres Trump with obstructing justice after a 2-year investigation. As for the China story, Trump said there will be a “very big spike” in markets when a China trade deal gets done. But as markets showed Wednesday, that's may not necessarily be the case. GBP ignores stronger than expected UK retail sales. Euro drops across the board on a series of a disappointing Eurozone PMIs.  Canada and US retail sales are due at 1230 GMT/13:30 London. Ashraf sent me this chart suggesting that gold will need to stabilise then rally vs copper in order for indices to make any meaningful pullback.

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PREMIUM INSIGHTS Update: Apr 12, 11:30
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