Significant monetary policy stimulus still needed

The underlying strength of the economy confirms our confidence that the sustained convergence of inflation to our aim will continue in the per Draghi: The underlying strength of the economy confirms our confidence that the sustained convergence of inflation to our aim will continue in the period ahead and will be maintained even after a gradual winding-down – DOWN GOES THE EURO!!! The EURO struggles to break the 1.18 – now is all about wait and see.

China’s Debt Bomb Is Finally Detonating – The market stays cautious and market can react anytime.

When China’s President Xi Jinping launched a supply-side structural reform plan in 2015, financial deleveraging was one of its key goals. The deleveraging campaign was meant to curb risks in the country’s overheating financial markets through crack downs on shadow financing and tightening asset management rules. But three years down the line, Chinese companies are being handed a reality check. After years of bingeing on debt, many firms are now struggling to raise new funds to repay old debts after the deleveraging drive has staunched liquidity and led to a slew of corporate bond defaults. Read More @ https://safehaven.com/article/45842/Chinas-Debt-Bomb-Is-Finally-Detonating

Trump says trade talks are ‘going really well’. US and China officials ask: ‘What talks?’

US President Donald Trump accused China of “being vicious” by targeting American farmers on Wednesday morning amid escalating trade tensions, but insisted that negotiations with Beijing were “going really well” – despite recent public statements by his top advisers that talks had broken down. Read More @ https://www.scmp.com/news/china/policies-politics/article/2156882/trump-says-trade-talks-are-going-really-well-us-and

WHAT IS THE USD SAYING?

USD back again and this time is break from the resistance – will the rally continue – today US GDP data release will decide. The market will be cautious till tonight.

TODAYS NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES TODAY.

  1. 1.30pm – France will release their GDP data and is expected to be no change.
  2. 2.00pm – German will release their import prices – little or no movement.
  3. 2.45pm – France will release their Consumer Spending – EURO Volatility expected.
  4. 8.30pm – Volatility expected as US releases their GDP data – which is expected to be good data.
  5. 10.00pm – Inflation and Consumer spending data will be release – both are expected to be good.

The market still favors the USD as rate hike and growth are in-tact for the US FED. Be cautious and always keep money management in mind all the time.

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.

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