Forex News 24
  • RSS

news

Tariff Skirmish Eases, for now…

Tariff Skirmish Eases, for now…
админ
01/05/2018

Tariffs Drag On

010056380410afca259b9cea812e1820 - Tariff Skirmish Eases, for now…

The US administration removed the tariffs it placed on imported steel and aluminum produced in Canada, Mexico and Europe. With the deadline set by the US for tariff implementation in lieu of Chinese capitulation, the President could not afford to alienate his allies in what could be a serious economic dustup. The US has placed potential tariffs on over $150b worth of goods from the PRC. The Chinese have returned the favor targeting products from the central region of the US that elected the president. Beside the steel (25%) and the aluminum (10%), these are threatened tariffs

FTSE Shines!

The markets have largely shrugged off the simmering trade dispute. Visits to the US by allies Merkel and Macron failed in their efforts to dissuade the president from his protectionist/mercantilist policies. Proof of the disregard markets attach to the fighting is the steady rise we have seen in equity prices this week and last. The FTSE is a choice example.

41fbfe041b3c120171ebf1fbe5e69770 - Tariff Skirmish Eases, for now…

Silver Losing Ground

aed855d1e3af25e273370b51cbdfd1be - Tariff Skirmish Eases, for now…

A consistent trade now for 2 weeks silver has lost 6.13% of its value in that time. Steep falls indeed. While volume has fallen back during the last day of the trade, indicating a lack of sentiment/momentum for the decline, we are of the opinion that the trend is still in train.

GBPUSD Down

Tracking a weakening Cable rate for the last 2 weeks we have been recommending this trade due to strengthening US Dollar movements across the board as well as the results from the newest in the series of disappointments and setbacks in the Brexit negotiations where the May administration rejected continuing the customs union between Britain and the EU.

287e45f35f2bbe5cf9273ac1cb7fe3ab - Tariff Skirmish Eases, for now…

Source

Related ItemsBrexitDollareconomicEuropeFTSElostmarketmarketsrateregionrisesilvertradeUS

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
01/05/2018
админ
Related ItemsBrexitDollareconomicEuropeFTSElostmarketmarketsrateregionrisesilvertradeUS

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

Dollar Hits 2018 Highs as Fed Meeting Eyed, Euro Hits $1.19
U.S. Construction Spending Unexpectedly Slumps 1.7% In March