Week Ahead: Politics and Trade to Dominate the Markets
March 26, 2018 11:41 amVideo
Latest News
- 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
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
- Midweek Technical Look – EURUSD, US 500, WTI April 18, 2024
- Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024
- Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 18, 2024
This week, investors will focus more about the political and trade rhetoric, rather than the usual economic data. It is a week that comes a few days after the Fed raised interest rates for the first time this year and indicated that more hikes were on the way.
As you recall, the Fed was not the biggest mover of the financial markets last week. It was all about politics and trade talks after President Trump signed a new $60 billion tariff of select Chinese imports. On the other hand, China responded by applying tariffs of about $3 billion on American goods from the Trump country.
This is the new tariff coming after the president signed into law new tariffs on steel and aluminum that were targeted at China. Other countries like South Korea, Canada, and Mexico have received exceptions and the EU is negotiating on the same. The South Korean deal came after trade representatives of both countries met and made some concessions.
Over the weekend, Wall Street Journal reported that senior trade representatives from the United States and China were having secret negotiations which are aimed at reducing the American deficit. In his statement two weeks ago, Le Keqiang said that the country would move to reduce the barriers to entry for American firms and a commitment to end the stealing of intellectual property.
Another topic that will continue to dominate the news is about the adult film star, Stormy Daniels who had an interview with 60 Minutes on Sunday. In the interview, she claimed that she was threatened by Trump’s associates a few years ago. The implications on the market will be based on the response we receive from Trump and the decisions he will make under pressure.
From an economic data stand point, we will receive the Consumer Bureau Consumer Confidence numbers. Traders expect these numbers to show that the confidence among the consumers rose to 131.2 from last month’s 130.8.
On Wednesday, we will get the final reading of the Q4 GDP. Traders expect the data to show that the GDP for the quarter was at 2.7%, higher than last month’s number of 2.5%. The GDP Price Index is expected to remain at 2.3%. Investors will watch out for these numbers and compare them with the statement of the Federal Reserve last week about future rate hikes.
On Thursday, we will receive the Germany employment numbers. The unemployment rate is expected to drop from 5.4% to 5.5%. Investors expect that the country lost about 15K jobs, which is better than last month’s loss of 22K. We will also receive GDP data from the UK and Canada. Both are expected to remain unchanged at 0.4% and 1.4% respectively.
On Friday, many countries will be celebrating the Good Friday but on Saturday, we will receive manufacturing data from China.
The post Week Ahead: Politics and Trade to Dominate the Markets appeared first on Forex.Info.
Related Posts: