Global macro overview for 29/03/2018
March 29, 2018 11:24 amVideo
Latest News
- Overview of the EUR/USD pair on April 19th. Jerome Powell crushed all euro growth prospects April 19, 2024
- Key events on April 19: fundamental analysis for beginners April 19, 2024
- Trading plan for GBP/USD on April 19. Simple tips for beginners April 19, 2024
- Trading plan for EUR/USD on April 19. Simple tips for beginners April 19, 2024
- Forecast for EUR/USD on April 19, 2024 April 19, 2024
- Forecast for GBP/USD on April 19, 2024 April 19, 2024
- Forecast for USD/JPY on April 19, 2024 April 19, 2024
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024. April 19, 2024
- Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 19 2024. April 19, 2024
- Michelle Bowman reiterated Jerome Powell’s opinion April 19, 2024
- The ECB has finally made up its mind April 19, 2024
- The dollar is in control April 19, 2024
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
The Chinese Ministry of Trade called on the US to withdraw tariffs and investment restrictions on the PRC on Thursday. “They can trigger a chain reaction threatening the global economy, and China will fight until the end” – said Ministry spokesman Gao Feng.At a press conference in Beijing, Gao did not provide details on a possible response from the PRC to the Donald Trump-approved criminal tariffs on Chinese products whose import to the US is worth the US $ 60 billion a year. Gao repeated that Beijing is open to negotiating a settlement, but did not confirm the news of the American press that such talks are already underway. The US media reported earlier that US officials had given the Chinese a list of demands on the opening of the automotive, financial and semiconductor market. In response to the already applicable tariffs on steel and aluminum imported to the US from which China was not excluded, Beijing announced a list of US products that China imports for $ 3 billion a year, and which may be charged with 15 or 25 percent tariffs. They include pork, fruit, wine, steel pipes and recycled aluminum.
The tariffs and investment restrictions on which Trump has already signed the memorandum are to be a punishment for Beijing for forcing American companies operating in China to create joint-ventures with local partners and transfer their technology to them.
Let’s now take a look at the Gold technical picture at the H4 time frame. In a case of an escalation in the Trade Wars between China and the US, this commodity might be again treated as a safe haven asset. Nevertheless, so fat the Gold market is locked in a horizontal zone between the levels of $1,300 – $1,365 since the beginning of the year. Only a clear, sustained breakout in either direction might give more clues for further market behaviour.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: