Comex Market

11Jun

Gold Trading Forecast Today

Gold Trading forecast today

                                                                                       Comex Gold Signal

Gold Trading forecast today

Gold Trading forecast today

INTERNATIONAL COMEX NEWS

  • Gold prices were roughly unchanged Friday despite escalating tensions between the United States and its allies as the G7 meeting kicked off. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell by $0.20 or 0.02%, to $1,302.80 a troy ounce. Tensions grew between the United States and its allies as U.S. President Donald Trump went into the G7 meeting expecting a frosty reception after lashing out at Canada and the European Union.
  • OPEC is likely to reject a request by Iran to discuss U.S. sanctions against Tehran at this month’s meeting of the oil producer group, a source familiar with the matter told Reuters. Iran’s OPEC governor Hossein Kazempour Ardebili asked the chairman of the OPEC board to include a sanctions debate in the agenda for the June 22 talks, according to a copy of Kazempour’s letter dated June 2 and seen by Reuters.
  • U.S. oil producer Chevron Corp (N:CVX) has permanently assigned its Brazil country chief to run its Venezuelan operations after the months-long detention of two executives escalated tensions between the OPEC-member nation and foreign oil firms. Javier La Rosa, who had been president of Chevron Brazil since 2016, this month was named president of Chevron Venezuela, the company confirmed on Friday.

ECONOMY NEWS

  • Germany has suggested the creation of a Europe-wide unemployment insurance system to make the euro zone more resilient to future economic shocks, Finance Minister Olaf Scholz said in an interview published on Saturday. The proposal, outlined in an interview with Der Spiegel magazine, is part of Germany’s efforts to seal a reform package together with France ahead of a summit of European Union leaders later this month.
  • The Chinese region of Tibet is planning to build three new airports to promote tourism and economic growth, bringing the total of civil airports in the far west region to eight, the official Xinhua news agency said on Saturday. Construction of the three new airports, all above the altitude of 3,900 meters, will begin in 2019, according to Xinhua.
  • Malaysian Prime Minister Mahathir Mohamad called for a review of the Trans-Pacific Partnership trade agreement, saying smaller economies like Malaysia were at a disadvantage under the current terms. In an interview with Japan’s Nikkei published on Saturday, Mahathir said the trade pact – which includes Japan and Canada – should take into consideration the level of development of various countries. “Small, weaker economies must be given a chance to protect their products,” Mahathir told the Japanese financial daily. “We have to review” the TPP.

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11june5

 

7Jun

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

Comex Gold signal

                                                                                     Comex Gold Signal

Comex Gold Signal

Comex Gold Signal

INTERNATIONAL COMEX NEWS

  • Gold prices were modestly higher on Wednesday, as the U.S. dollar fell as trade war concerns remained in focus. Comex gold futures for August delivery were up 0.15% to $1,304.20 a troy ounce as of 10:50 AM ET (14:50 GMT). The U.S. trade deficit fell to a seven-month low in April as exports rose to a record high,showing recent trade disputes between the U.S. and China have had little impact on trade.
  • Oil prices fell on Wednesday on signs Saudi Arabia and other big producers may increase production, and U.S. crude slid more than 1 percent on a surprise build in domestic crude stockpiles. U.S. crude inventories rose 2.1 million barrels in the week to June 1, the Energy Information Administration said, a surprise after analysts had forecast a decrease of 1.8 million barrels.
  • European refiners are winding down oil purchases from Iran, closing the door on a fifth of the OPEC member’s crude exports after the United States imposed sanctions on Tehran, company and trading sources said. Although European governments have not followed Washington by creating new sanctions, banks, insurers and shippers are gradually severing ties with Iran under pressure from the U.S. restrictions, making trade with Tehran complicated and risky.

ECONOMY NEWS

  • The U.S. economy is expanding at a 4.5 percent annualized rate in the second quarter following data released this week on factory orders, vehicle sales and trade balance, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday. The latest estimate on gross domestic product growth was weaker than the 4.8 percent pace estimated on June 1, the Atlanta Fed said.
  • U.S. House of Representatives Speaker Paul Ryan, asked on Wednesday about the prospects for House passage of legislation to enable a renegotiated NAFTA trade deal, indicated there was not much time left for the current Congress to do so. He told reporters it was “pretty far into the deadline” for Congress to consider a new North American Free Trade Agreement. Negotiations on the accord have stalled among the United States, Canada and Mexico.
  •  Italy’s new government will review the previous administration’s shake up of mutual and co-operative banks, Prime Minister Giuseppe Conte told parliament on Wednesday, without giving any details. Conte, who heads a coalition that unites the far-right League and anti-establishment 5-Star Movement, also confirmed that his government would look into separating investment banking from retail banking.

Comex Gold signal

7June5

6Jun

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

Comex Gold Signal

                                                                                      Comex Gold Signal

Comex Gold Signal

Comex Gold Signal

INTERNATIONAL COMEX NEWS

  • Gold prices traded slightly lower in mid-morning trade on Tuesday as positive economic data sent the dollar to its best level of the day against major rivals. At 10:30AM ET (14:30GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange slipped 70 cents, or 0.05%, to $1,296.60 a troy ounce. Meanwhile, the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, gained 0.26% to 94.26, just off its intraday high of 94.29.
  • Oil prices were lower on Tuesday, amid news that the U.S. had asked OPEC to increase its supply output. Crude oil futures decreased 0.25% to $64.59 a barrel as of 10:50 AM ET (14:50 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., slumped 159% to $74.09. The price of oil was held back after reports that the U.S. had unofficially asked the Organization of the Petroleum Exporting Countrie and Russia to raise its oil output, with no specific figure cited.
  • The United States government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output, three OPEC and industry sources said on Tuesday, although it has not requested a specific figure. Earlier on Tuesday, Bloomberg reported that the U.S. government had asked them to increase oil production by about 1 million barrels per day (bpd).

ECONOMY NEWS

  • Conservative billionaire industrialist David Koch is retiring from his roles at Koch Industries and associated companies due to poor health, according to an internal memo seen by Reuters. David Koch, 78, along with his elder brother Charles, owns the second largest private U.S. company, whose operations range from refining and chemicals to ranching and forest products.
  • President Donald Trump “generally tweets positive things about the economy (and negative things about regulations), so the market is left determining degrees of positivity,” says Evan Schnidman, an expert in sentiment analysis and decoding the language of Federal Reserve statements who’s taught at Harvard and Brown.
  • Britain has officially applied to join the World Trade Organization’s government procurement agreement, a legal step it needs to take to maintain trading relationships after it leaves the European Union on March 29, 2019. Staying in the WTO is potentially important so that British companies can still bid for government work in the United States, European Union and Japan. Britain is a member of the agreement now only by virtue of its EU membership.

Comex Gold Signal

Comex Gold Signal

4Jun

TODAY’S COMEX GOLD SIGNAL AND DAILY Technical REPORT

Comex Gold Signal

                                                                                Comex Gold Signal

Comex Gold Signal

Comex Gold signal

INTERNATIONAL COMEX NEWS

  • Gold prices inched down on Friday, as the U.S. dollar strengthened ahead of the monthly nonfarm payrolls data and trade worries lingered. Comex gold futures for June delivery were down 0.08% to $1,299.10 a troy ounce as of 4:38 AM ET (8:38 GMT). The nonfarm payrolls data, often seen as an indicator of the health of the U.S. economy, is expected at 8:30 AM ET (12:30 GMT).
  • Oil prices were slightly higher in early morning European trade on Friday as investors continued to weigh record levels of production from the U.S. New York-traded West Texas Intermediate crude futures gained 18 cents, or about 0.3%, to $67.22 a barrel by 4:09AM ET (8:09GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., was last up 22 cents, or 0.3%, to $77.88. U.S. crude sank around 1.7% a day earlier, although Brent managed to eke out limited gains of 0.2% after the Energy Information Administration (EIA) said that U.S. crude production jumped 215,000 barrels per day (bpd) to 10.47 million bpd in March, a new monthly record.
  • After all the condemnation of U.S. tariffs on EU metal exports and calls for unity, the European Union still has two decisions to make – how hard to hit back at the United States and whether to engage in trade talks with Washington. Neither is a given. The EU can act only by consensus, and its 28 members have different interests. Germany, by far the largest European exporter to the United States, is the most fearful of a trade war.

ECONOMY NEWS

  • The Trump administration is examining ways American industries could hire more immigrant workers on a temporary basis, White House economic adviser Larry Kudlow told CNBC in an interview on Friday. “We are looking at ways to bring temporary immigrants with temporary visas legally into the United States in a number of industries,” Kudlow said, adding that he did not want to say more that would “get ahead of the curve.”
  • U.S. construction spending rebounded more than expected in April as investment in private construction projects notched its biggest gain since 2012, offsetting a drop in public outlays. The Commerce Department said on Friday construction spending surged 1.8 percent, the largest increase since January 2016, after an unrevised 1.7 percent decline in March.
  • A solid May employment report released on Friday kept a rate hike in June on the table and ticked up bets for a third in September and a fourth at the end of the year. Nonfarm payrolls (NFP) rose by 223,000 in May, beating forecasts for the creation of 183,000 jobs, while the unemployment rate surprised with a drop to a fresh 17-year low of 3.8%. Market reaction got the jump on the release thanks to a tweet from U.S. President Donald Trump about an hour ahead of publication. “Looking forward to seeing the employment numbers at 8:30 this morning,” the President said.

Comex Gold Signal

28May

TODAY’S COMEX GOLD SIGNAL AND DAILY REPORT

Comex Gold Signal

                                                                                        Comex Gold Signal

Comex Gold Signal

Comex Gold Signal

INTERNATIONAL COMEX NEWS

  • Gold prices oscillated around the psychologically important $1,300 level shrugging off dollar strength and easing geopolitical uncertainty following Trump’s reverse ferret on the North Korea summit. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell by $1.60 or 0.12%, to $1,302.80 a troy ounce. Gold remained resilient in the wake of a resurgent dollar on the back of positive economic data as durable goods orders topped expectations reaffirming investor confidence in the U.S. economy.
  • As it battles to remain the world’s biggest copper producer, Codelco just achieved a new, less enviable mantle — the only major mining company with an all-male board and senior management team. On Friday, Chilean President Sebastian Pinera appointed executive Juan Benavides as chairman of the state-owned company. Earlier this month, he appointed Hernan de Solminihac and Patricio Briones as directors, replacing Dante Contreras and Laura Albornoz, then the only woman on the nine-member board. Chile is the biggest copper-mining nation.
  • The United States has called at a meeting in Geneva for a “reset” of agricultural trade negotiations, rejecting calls from other states to push on with long-drawn-out talks on reform, a trade official said. Traditional subsidisers such as the United States, Japan and the European Union have long resisted pressure to wean their farmers off handouts, while the United States has accused both China and India of paying far greater subsidies than allowed.

ECONOMY NEWS

  • As Japan gears up to host the Rugby World Cup and Olympic Games in consecutive years, many businesses are seizing on the opportunity to capitalize on the influx of tourists, media and athletes for both big events. The Rugby World Cup kicks off in September 2019 followed by the Tokyo Games 10 months later, giving businesses a unique chance to reach an international and diverse customer base that may be encountering Japanese products for the first time.
  • The Federal Reserve plans to continue tightening monetary policy gradually for now, but it faces a much tougher decision as U.S. interest rates near a “neutral” level where they neither boost nor slow the economy, several policymakers indicated on Friday. “I’m not yet there on what we should do once we get to neutral,” Dallas Fed President Robert Kaplan said at a conference where Atlanta Fed President Raphael Bostic and Chicago Fed President Charles Evans also spoke.
  • Traders could be forgiven if flashbacks of the euro zone crisis come back to haunt them as the euro slid to a six-month low and risk premiums on Spanish and Italian bonds soared amid rising political risks. European risk assets took a massive pounding on Friday ahead of a long weekend in London as investors fled from riskier bonds, stocks and credit securities to the safety of German bunds that were set for their biggest gain since 2012.

Comex Gold Signal

 

25May

TODAY’S COMEX GOLD SIGNAL AND DAILY REPORT

Comex Gold Signal

                                                                                      Comex Gold Signal

Comex Gold Signal

Comex Gold Signal

INTERNATIONAL COMEX NEWS

  • Gold prices extended gains in midmorning trade on Thursday as U.S. President Donald Trump dashed hopes for a summit with North Korea leader Kim Jong Un At 10:40AM ET (14:40GMT), gold futures for June delivery on the Comex division of the New York Mercantile Exchange was up $16.30, or around 0.6%, to $1,305.90 a troy ounce. That was close to an intraday high of $1,306.30, its highest level since May 14. Both leaders were set to meet in Singapore on June 12 to discuss the possibility of denuclearization.
  • Oil prices continued to fall on Thursday amid concern global supply and future output from the Organization of Petroleum Exporting Countries. Brent crude futures, the benchmark for oil prices outside the U.S., slumped 1.05% to $79.96 a barrel as of 10:27 AM ET (14:27 GMT). Meanwhile Crude Oil WTI Futures decreased 1.20% to $70.98 a barrel. Prices were pushed lower this week after an unexpected increase in weekly U.S. crude supplies.
  • The U.S. Energy Information Administration said in its weekly report thatnatural gas storage in the U.S. increased by 91 billion cubic feet in the week ended May 18, compared to forecasts for a build of 92 billion. Thursday’s data compared with a gain of 106 billion cubic feet (bcf) in the preceding week and represented a decline of 804 billion from a year earlier and was also 499 bcf below the five-year average.

ECONOMY NEWS

  • Italy is responsible for the economic health of the whole euro zone because it is part of it, Finnish Finance Minister Petteri Orpo said on Thursday, adding he was a bit worried by the economic plans of the new Italian government coalition. “We look very carefully at what is happening in Italy and of course I am a little bit worried by that,” Orpo told reporters on entering talks of euro zone finance ministers in Brussels.
  • Goldman Sachs (NYSE:GS) said on Thursday that any systemic spillovers from Italian political risks into peripheral Europe could push the euro down against the dollar by “around five big figures.” The prospect of a coalition government between the anti-establishment 5-Star Movement and far-right League, bent on big spending plans that would put Italy on a collision course with the European Union, have rattled markets in the past week.
  • National home values have increased 8.7 percent since last April to a median value of $215,600, according to Zillow. The pace of appreciation is the fastest since June 2006, when home values were rising nine percent annually. San Jose home values appreciated 26 percent year-over-year. Las Vegas, Seattle, Dallas-Fort Worth, San Francisco, Tampa, Atlanta, Charlotte and Orlando all saw double digit a growth.

Comex Gold Signal

Comex Gold signal

23May

TODAY’S COMEX GOLD SIGNAL AND DAILY REPORT

Comex Gold Signal

                                                                                    Comex Gold Signal

Comex Gold Signal

Comex Gold Signal

INTERNATIONAL COMEX NEWS

  • Gold prices inched higher on Tuesday as increased risk appetite limited gains in the precious metal, keeping it close to the low for the year hit a day earlier. At 10:17AM ET (14:17GMT), gold futures for June delivery on the Comex division of the New York Mercantile Exchange was up just $0.40, or around 0.03%, to $1,291.30 a troy ounce. In the previous session, it slid to as low as $1,281.20, its weakest level since December 27. News that China plans to slash auto import tariffs eased concerns over the possibility of a Sino-U.S. trade war.
  • Brent oil prices were higher on Tuesday, as investors remained concerned about global supply and future output from Iran and Venezuela. Oil prices rose on Monday after Secretary of State Mike Pompeo said in an interview that the U.S. would demand major changes in Iran following America’s withdrawal from the nuclear deal, with the possibility of even tougher sanctions.
  • A U.N. monitoring group wants to enlist the help of the world’s biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said. The U.N. Security Council ramped up sanctions last year after North Korea said it had conducted missile tests that put the U.S. mainland in range of its nuclear weapons. Under the restrictions, Pyongyang is limited to importing 4 million barrels of crude and 500,000 barrels of products a year.

ECONOMY NEWS

  • German prosecutors said on Tuesday that they had charged the first suspects in a widespread and long-running financial market tax scam that has cost taxpayers billions of euros. The 948-page indictment filed in Wiesbaden named the 67-year-old German lawyer Hanno Berger as one of the six charged, the court confirmed separately.
  • Prominent German economists opposed French President Emmanuel Macron’s euro zone reform proposals on Tuesday, dismissing them as risky and saying that the single currency bloc must not become a union in which liabilities were shared out. Macron wants to create a separate euro zone budget, appoint a finance minister and convert the bloc’s European Stability Mechanism emergency rescue fund into a European monetary fund.

Comex Gold Signal

21May

TODAY’S COMEX GOLD SIGNAL AND DAILY REPORT

Comex Gold Signal

                                                                                    Comex Gold Signal

Comex Gold Signal

Comex Gold Signal

INTERNATIONAL COMEX NEWS

  • Demand for gold fell on Friday, amid a strengthening U.S. dollar. Comex gold futures for June delivery were down 0.08% to $1,288.40 a troy ounce as of 10:13 AM ET (14:13 GMT). The price of bouillon was driven lower by the rise in the greenback and increase in bond yields. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was at a five-month high of 93.69.
  • WTI crude oil prices settled lower on Friday, but notched their third straight week of gains as falling production in Venezuela and pending U.S. sanctions on Iran helped offset signs of an expansion in U.S. output. On the New York Mercantile Exchange crude futures for June delivery fell 21 cents to settle at $71.28 a barrel, while on London’s Intercontinental Exchange, Brent fell 74 cents to trade at $78.56 a barrel.
  • Natural gas markets rallied a bit during the day on Friday, reaching towards the $2.86 level before rolling over again. Natural gas markets continue to be very noisy, as we have a lot of questions out there as to whether the rally can continue due to the longer-term oversupply issues. The market continues to see this up-trending channel hold the markets intact, so it’s not a surprise it we can break out on a Friday.

ECONOMY NEWS

  • China’s economy will likely expand around 6.7 percent in the second quarter this year, the State Information Center (SIC) said in an article published in the state-owned China Securities Journal on Saturday. The forecast growth rate was slightly slower than an actual 6.8 percent expansion in the first quarter. The SIC is an official think tank affiliated with the National Development and Reform Commission, the country’s top economic planning agency.
  • China’s push to open up its financial sector to foreign banks and financial institutions will be based on the principle of reciprocity and will not reward protectionism by other countries, an official said on Saturday. Chen Wenhui, the vicechairman of the China Banking and Insurance Regulatory Commission (CBIRC), told a forum that China aimed to accelerate the process of opening up, but countries afraid of exposing their own financial sectors to competition would not benefit.
  • Australian Prime Minister Malcolm Turnbull will travel to China later this year to smooth over bumpy diplomatic ties that have now developed into trade problems for some of Australia’s biggest wine and beverage exporters, Fairfax Media reported. Relations between the two trade partners have cooled significantly in recent months, after Turnbull’s conservative coalition government proposed a bill to limit foreign influence in Australia, including political donations, but which Beijing has interpreted as “anti-China”.

Comex Gold Signal

16May

TODAY’S COMEX GOLD SIGNAL AND DAILY REPORT

16may1

                                                                                Comex Gold Signal

Comex Gold Signal

Comex Gold signal

INTERNATIONAL COMEX NEWS

  • Gold prices fell below the $1,300 level on Tuesday, hitting the lowest levels since December as the U.S. dollar and Treasury yields moved higher after slightly stronger than expected U.S. retail sales figures. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $23.80 or 1.81% to $1,294.40 a troy ounce by 09:26 AM ET (13:26 GMT), a level not seen since late December.
  • Natural gas futures rose to its best level in around there months on Tuesday, as updated forecasting models pointed to above-average temperatures covering most of the country through the end of May. That should help boost early summer cooling demand for the fuel. Front-month U.S. natural gas futures tacked on 0.9 cents, or around 0.3%, to $2.849 per million British thermal units (btu) by 8:20AM ET (1220GMT), after hitting an intraday high of $2.856, the strongest since February 5.
  • Oil prices hit fresh three-and-a-half-year highs on Tuesday, as looming U.S. sanctions against Iran raised fears that markets will face shortages later this year when trade restrictions come into effect. Brent crude futures, the benchmark for oil prices outside the U.S., rose to a session peak of $79.22 a barrel at one point, a level not seen since November 2014. It was last at $79.00 by 8:05AM ET (1205GMT), up 80 cents, or about 1%. Meanwhile, New York-traded WTI crude futures were up 51 cents, or 0.7%, to $71.48 a barrel, not far off their Nov.

ECONOMY NEWS

  • U.S. inflation is rising toward the Federal Reserve’s 2 percent goal while not accelerating enough to suggest the economy is overheating, Dallas Federal Reserve President Robert Kaplan said on Tuesday. Inflation is approaching two percent but it’s “not running away from us,” he said at an event titled “Energy, Trade, and Energy Growth” sponsored by the Council for Foreign Relations.
  • Mexico’s economy minister said on Tuesday that he saw diminishing chances for a new North American Free Trade Agreement ahead of a May 17 deadline to present a deal that could be signed by the current U.S. Congress. U.S. House Speaker Paul Ryan has said that the Republican-controlled Congress would need to be notified of a new NAFTA deal by Thursday to give lawmakers a chance of approving it before a newly elected Congress takes over in January.
  • The European Union is interested in improving its trade ties with the United States but it will not make concessions to secure an exemption from U.S. metals tariffs and would need to consult its 28 members, a senior EU official said on Tuesday. “We are open for improving our trade relations… but it’s not a concession in order to get a permanent exemption from higher steel and aluminium tariffs,” Commission Vice-President Jyrki Katainen told a news conference.

Comex Gold Signal

 

14May

TODAY’S COMEX GOLD SIGNAL AND DAILY REPORT

14may1

                                                                                      Comex Gold Signal

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INTERNATIONAL COMEX NEWS

  • Gold prices were roughly unchanged on Friday but looked set to post a first weekly gain in four weeks as dollar weakness continued following a recent bout of softer inflation data. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell by $0.80 or 0.06%, to $1,321.40 a troy ounce. Weaker inflation data seen earlier this week continued to drive direction, prompting traders to scale back their expectations for a faster pace of Federal Reserve rate hikes, pressuring both the 10-yield treasury and the dollar, underpinning gold prices.
  • Crude oil prices settled lower on Friday but posted a weekly gain as sentiment remained positive despite signs of an increase in U.S. production as rig counts jumped for the sixth week in a row. On the New York Mercantile Exchange crude futures for June delivery fell 66 cents to settle at $70.70 a barrel, while on London’s Intercontinental Exchange, Brent fell 0.54% to trade at $77.05 a barrel.
  • More destructive lava flows could soon hit Hawaii’s Big Island as the Kilauea volcano erupts, posing a greater threat than oozing magma that has so far destroyed dozens of homes and forced thousands to evacuate, scientists said on Friday. As a lava lake at Kilauea’s summit drains inside the volcano, magma is running underground. It could burst to the surface as large, fast-moving and intensely hot lava flows and produce higher levels of toxic gases, Hawaiian Volcano Observatory scientist-in-charge Tina Neal said.

ECONOMY NEWS

  • Ousted Malaysian Prime Minister Najib Razak said on Saturday that he and his family would respect an immigration department ban on his travel abroad and stay in the country. Najib said earlier on his Facebook (NASDAQ:FB) that he and his family were taking a holiday overseas from Saturday and would return next week. But, moments later, the immigration department said on its official Facebook page that Najib and his wife, Rosmah Mansor, were blacklisted from leaving Malaysia.
  • Malaysian authorities barred ousted Prime Minister Najib Razak and his wife from leaving the country on Saturday, amid reports that the government was reopening investigations into a multi-billion-dollar graft scandal at a state fund he founded. The order by immigration authorities came minutes after Najib said in a Facebook (NASDAQ:FB) post that he and his wife, Rosmah Mansor, were taking a week-long holiday overseas to rest after his thumping defeat in Wednesday’s general election.
  • The new U.S. ambassador to Germany said the row over Washington’s planned imposition of punitive tariffs on European goods would not trigger a trade war, adding that President Donald Trump only wanted “a level playing field”. In an interview with the Funke newspaper group, Richard Grenell insisted that the United States was awaiting proposals on how punitive tariffs could be averted.

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