DOW AND THE FALL

The Dow Jones Industrials is now down over 3300 points from its highs, and has broken below February’s spike-crash lows to the lowest since Nov 20th.. The Dow is now the worst-performing major index for 2018 – down almost 6% YTD. VIX is back above 25 and the curve is notably inverted.

China imposing new tariffs on U.S. products in retaliation of Trump tariffs

China says it’s rolling out new tariffs on U.S. meat, fruit and other products as retaliation against taxes approved by President Trump on imported steel and aluminum. The Chinese finance ministry says in a statement that the new tariffs begin Monday. The announcement follows through on warnings Chinese officials have made for several weeks in an escalating trade dispute with the United States. China’s Customs Tariff Commission is increasing the tariff rate on eight imported U.S. products, including pork, by 25 percent. It’s also imposing a new 15 percent tariff on 120 imported U.S. commodities, including fruits. Read More @ https://www.cbsnews.com/news/china-imposing-new-tariffs-on-u-s-products-in-retaliation-of-trump-tariffs/

WHAT IS THE USD INDEX SAYING?

The USD is at tipping point – with China going against the headwind and dare to face-off with US – might give resistance for the USD to go any higher.

TODAYS NEWS THAT MIGHT AFFECT YOUR TRADES.

  1. 12.30pm – RBA focus – we are expecting a dovish statement – we maintain SELL for AUD. No change to the rate is expected.
  2. 2.00pm – German Retail sales – is important as part of consumer spending – we are expecting good data – we maintain BUY for EURO.
  3. 3.15pm – 4.30pm – There will PMI releases from EURO, Spain, Italy, German and Euro-Zone – we expect mix data – little or no movement is expected.
  4. 3.55pm – 4.30pm – Keep an eye on German and EURO mfg PMI – is a leading economic indicator for ECB. Expect Volatility.
  5. ALL DAY – Total Vehicle Sales from US – which is the first data from the US each month – is a leading indicator for consumer spending – we expect poor sales. We maintain SELL for USD.

Be cautious with the market as this week there is NFP and may disrupt your money management – always keep money management as you number 1 priority.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary

0 Comments

Leave a reply

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

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?