#Trade Balance

Authored by Bryce Coward via Knowledge Leaders Capital blog, Investors were finally treated yesterday to some of the most important compromise provisions to come out of the House-Senate conference on the Tax Cuts and Jobs Act. Among them were: 21% corporate rate Reduction of the top wage rate

The US trade balance surprisingly blew out in October, increasing from $44.9 billion to $48.7 billion, as unexpectedly exports decreased and imports increased despite the ongoing dollar weakness, missing estimates of $47.5 billion. October's number was tied for the widest deficit going back to

In somewhat of a worst-case scenario, Turkish-Iranian gold trader Reza Zarrab just confirmed that Turkish President Erdogan approved the "secret Iran gold" trade that enabled Iran to evade US sanctions. Full Zarrab quote: "What I’m saying is that the prime minister at that time period Recep

We detailed below that TRY was selling off on US accusations that the Turkish economic minister of taking bribes.   Citi's FX desk explains why Turkish markets are watching the US trial of a banker so closely. The basics: The US government has accused Turkish banker Mehmet Hakan Atilla of

China announced it is slashing import tariffs on 187 consumer products starting next month. The Finance Ministry pointed to the cuts being concentrated in products in short supply domestically which, it believes, will prompt local producers to improve quality. The items in the list which, includes