China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source, though some U.S. trade experts call it an unrealistic target.
Under the trade deal to be signed on Wednesday in Washington, China would also buy over $50 billion more in energy supplies and boost purchases of U.S. services by about $35 billion over the same two-year period, the source told Reuters late on Monday.
The Phase 1 agreement also calls for Chinese purchases of U.S. agricultural goods to increase by some $32 billion over two years, or roughly $16 billion a year, said the source, who was briefed on the deal. READ MORE
Could ISIS Take Control Over Iraq’s Largest Oil Field?
As always, it’s the fear of sanctions that provides the leverage Trump seeks in this cat-and-mouse game with Iran. And this time, the leverage is over Iraq, which would like to see both American and Iranian forces out of the country, for obvious reasons.
There is nothing ISIS would love more than this.
It would also devastate Iraq because the sanctions threatened would include blocking access to Iraq’s U.S.-based account where all the oil revenues are kept. That threat stands if Iraq moves to kick U.S. forces out of the country.
That would mean victory for Iran (temporarily). Kicking out Iranian forces is not nearly as simple because the line between state and non-state actors is blurred, at best.
TECHNICAL ANALYSIS CHARTS
- Be cautious as market remains fragile with massive debts around the world
- US massive sanction against IRAN may lead to another terror
- IRAQ is unstable and it looks like ISIS are planning to create another problem
- Middle is not stable & OIL looks good for a BUY
- Euro on the other hand have been Oversold for a long time; it should take pace and move towards a good Uptrend
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