News 

Gold treads water as trade caution stymies safe-haven demand

“It (delay in U.S.-China trade deal) has added a bit of caution” reports cnbc.com. A mark of 999.9 fine sits on hallmarked one kilogram gold bullion bars at the Valcambi SA precious metal refinery in Lugano, Switzerland, on April 24, 2018.Gold prices were little changed on Thursday as investors maintained a cautious stance amid signs of a delay in Washington and Beijing signing a long-awaited interim trade deal.Spot gold was trading at $1,491.27 per ounce, as of 0337 GMT, while U.S. gold futures were flat at $1,492.9 per ounce.A senior…

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GBP News Stocks 

Asian stocks track Brexit deal cheer but China caution prevails

“Oil was mixed ahead of the China data, with U.S. crude up 0.1% to $53.99 a barrel, but Brent crude Spot gold was flat, trading at $1,491.73 per ounce. [GOL/]” writes Midwest Communications Inc for 95kqds.com. MSCI’s broadest index of Asia-Pacific shares outside Japan was up about 0.1% in early trade, echoing Wall Street’s small gains. Source: 95kqds.com

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Markets News 

Gold eases as dollar firms; caution sets in ahead of trade talks

“It’s going to be a little bit of a wait-and-see week, with the U.S. Federal Reserve minutes and the trade talks due this week.”” reports cnbc.com. The fact that the dollar is a tad higher is the reason gold is a bit softer,” said Saxo Bank commodity strategist Ole Hansen.”Gold seems to have run out of steam here, we just need a trigger for the market to move.However, market participants likely need further evidence from the Fed Board that they are shifting to an easing bias to push prices significantly…

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News Regulators 

Trade optimism pressures yen but caution prevails ahead of Fed, BOJ

“The Fed cut rates in July for the first time since 2008” writes Midwest Communications Inc for 95kqds.com. “We’ve managed to scale back our pessimism about U.S.-China trade talks, which is a supportive factor for now,” said Takuya Kanda, general manager of research at Gaitame.com Research Institute in Tokyo.The yen, widely considered a safe-haven currency, tends to rise when trade tensions worsen but reverses course and weakens when concern about trade friction eases. Source: 95kqds.com

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News 

California raises the caution flag on ‘green jobs’

“You create clean energy jobs, and you lose jobs in older industries.”” writes Debra Kahn for politico.com. But California stopped counting green jobs in 2013, struggling to separate truly new jobs from existing employment growth.Steyer’s plan to create 1 million jobs would add 100,000 jobs per year.Nonetheless, candidates have been competing with each other to tout clean energy investments and policies as an economic engine. Source: politico.com

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Crypto GBP News 

British Columbia Watchdog Exposes a Bitcoin HYIP Scheme

“The British Columbia Securities Commission (BCSC), one of the thirteen provincial financial regulators in Canada, has added Canada Bitcoin Exchange Inc. (CBE), which facilitates trading in digital currencies, to its ever-growing Investment Caution List” writes Aziz Abdel-qader for financemagnates.com. As one would expect, sites such as Canada Bitcoin operate as a HYIP scheme where returns are always dodgy, though they tend to dry up well before the original investment amount is repaid.Earlier last year, NASAA organized a task force to launch investigations into ICOs and cryptocurrency-related investment products. Source: financemagnates.com

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Futures Markets News Stocks 

Dow futures drop following Caterpillar downgrade, Home Depot miss

“U.S. stock index futures were lower Tuesday morning, as investors reacted to a downgrade of Caterpillar shares and a miss on Home Depot earnings” writes Sam Meredith for cnbc.com. Home Depot shares fell 2.4 percent before the bell while Caterpillar dropped 3.7 percent.ET, Dow Jones Industrial Average futures indicated a negative open of nearly 100 points, indicating a loss of 82 points at the open.Home Depot surprised investors in premarket trading, posting quarterly earnings and revenue that fell short of expectations.”That obviously, on balance, makes the global economy more fragile,”…

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News Oil 

In wading into Venezuela’s oil-drenched diplomatic quagmire, Washington must proceed with caution

“That’s not to say that the U.S. shouldn’t stand against Maduro, but merely that it should proceed with great caution” reports washingtonexaminer.com. Although the impulse to remove an authoritarian leader starving his own people is clearly appealing, the U.S. must exercise caution.Venezuela is not merely a story of domestic economic problems, but of oil-drenched diplomatic entanglements. Source: washingtonexaminer.com

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News 

New caution at the Bank of England could mean interest rates held or even cut this year 

“A cautious new mood has taken hold of Bank of England policymakers which means savers may be disappointed again this year, according to a new analysis of the language used by officials” writes Tim Wallace for telegraph.co.uk. Sentiment on the monetary policy committee may be just as important as the hard economic data, and economists at Bank of America Merrill Lynch have tried to build a new model to measure this.By breaking down Bank of England speeches and reports into words and phrases that point to higher or lower interest…

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