Guest host John O'Donnell chats with Dr. Mark Skousen. Mark was recently named one of the 20 most influential living economists. The duo discuss the new Wall Street Journal article Mark wrote on Gross Output replacing GDP as primary indicator. They also discuss Mark’s upcoming Freedom Fest in Las Vegas, and his High Income Alert Service for investors in dividend stocks.
Editors’ Picks
EUR/USD retreats below 1.1250, markets await comments from Fed policymakers
EUR/USD struggles to preserve its bullish momentum and retreats below the 1.1250 area in the second half of the day on Tuesday. The cautious market mood and the modest USD rebound weigh on the pair as investors await comments from Federal Reserve officials.
GBP/USD pulls away from daily highs, trades below 1.3350
GBP/USD declines after rising toward 1.3400 earlier in the day and trades below 1.3350 in the American session. The US Dollar holds its ground following Monday's slide, causing the pair to stretch lower. Ahead of Wednesday's UK inflation data, investors will pay close attention to comments from central bankers.
USD/JPY finds temporary support near 144.00, US-Japan trade talks in focus
USD/JPY attracts bids near 144.00, however, the outlook is still uncertain. Moody’s downgraded the US Sovereign Credit rating to Aa1, citing mounting debt concerns. Japan’s Ryosei Akazawa is scheduled to visit Washington for the third round of trade talks this week.
Editors’ Picks
EUR/USD retreats below 1.1250, markets await comments from Fed policymakers
EUR/USD struggles to preserve its bullish momentum and retreats below the 1.1250 area in the second half of the day on Tuesday. The cautious market mood and the modest USD rebound weigh on the pair as investors await comments from Federal Reserve officials.
GBP/USD pulls away from daily highs, trades below 1.3350
GBP/USD declines after rising toward 1.3400 earlier in the day and trades below 1.3350 in the American session. The US Dollar holds its ground following Monday's slide, causing the pair to stretch lower. Ahead of Wednesday's UK inflation data, investors will pay close attention to comments from central bankers.
Gold clings to small daily gains above $3,200
Gold fluctuates in a narrow channel above $3,200 on Tuesday after posting small gains to start the week. While the risk-averse market atmosphere helps XAU/USD hold its ground, the Fed's cautious tone on policy easing doesn't allow the pair to gain traction.
Bitcoin fails to reach all-time high despite building institutional and state support
Bitcoin price stabilizes around $105,200 on Tuesday, just 4% shy of its all-time high at $109,588. JPMorgan CEO Jamie Dimon says the bank will let clients buy Bitcoin.The Texas House is set to conduct a second reading of a bill that, if passed, would establish a Bitcoin Reserve.
China April slowdown shows the impact of economic uncertainty
Trade war uncertainty is denting Chinese confidence, resulting in slower economic activity in April. Retail sales and fixed-asset investment both underperformed forecasts amid heightened caution. Yet the impact on manufacturing was less than feared.
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