Powell pledges the Fed will ‘act with authority’ if inflation spikes

Italy weighs on global stocks, but Dow bucks trend to mark record high close

Stock indexes around the globe weakened on Tuesday, European assets sold off and Italy’s bond yields hit multi-year highs after an Italian lawmaker made anti-euro comments, though Wall Street’s blue-chip index bucked the trend and set a new record.  The provision specifies that if one of the current North American Free Trade Agreement partners enters a free trade deal with a “non-market” country such as China, the others can quit in six months and form their own bilateral trade pact. The clause, which has stirred controversy in Canada, fits in with U.S. President Donald Trump’s efforts to isolate China economically and prevent Chinese companies from using Canada or Mexico as a “back door” to ship products tariff-free to the United States. Read More @ https://www.reuters.com/article/us-global-markets/italy-weighs-on-global-stocks-but-dow-bucks-trend-to-mark-record-high-close-idUSKCN1MC02M?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

Trade pact clause seen deterring China trade deal with Canada, Mexico

China’s hopes of negotiating a free trade pact with Canada or Mexico were dealt a sharp setback by a provision deep in the new U.S.-Mexico-Canada trade agreement that aims to forbid such deals with “non-market” countries, trade experts said on Tuesday.  The provision specifies that if one of the current North American Free Trade Agreement partners enters a free trade deal with a “non-market” country such as China, the others can quit in six months and form their own bilateral trade pact. The clause, which has stirred controversy in Canada, fits in with U.S. President Donald Trump’s efforts to isolate China economically and prevent Chinese companies from using Canada or Mexico as a “back door” to ship products tariff-free to the United States. The United States and China are locked in a spiraling trade war that has seen them level increasingly severe rounds of tariffs on each other’s imports. Read More @ https://www.reuters.com/article/us-trade-nafta-china/trade-pact-clause-seen-deterring-china-trade-deal-with-canada-mexico-idUSKCN1MC305?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

WHAT IS THE USD INDEX SAYING TECHNICALLY?

The USD is resilient even with all the turmoils on trade war, rate hike, low inflation, and others. This clearly shows that USD still dominate the global market, however if the USD continues to stay strong it will affect US economy in no time with “MAKE AMERICA GREAT AGAIN” countries will work with one another with cheap currencies and enjoy the trade. President Donald Trump is not going to be too happy with that. The market will continue to swing moving forward. Traders be cautious and always keep money management at your side all the time.

TODAYS NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.

  1. 9.30am – Australia will release their Building Approvals which is a leading indicator – we expect the data to be good – we Buy AUD.
  2. 3.15pm – 4.00pm – Euro will release – Germany, Italy, France and EURO Service PMI – we are expecting good data – we are looking for BUY Zone on any EURO lower movements.
  3. 4.30pm – UK will release their Services PMI – expect very good volatility in favor for GBP.
  4. 5.00pm – EURO will release their retails sales – expected to be good.
  5. 8.15pm – ADP employment data – expected to be no change or lesser.
  6. 9.45pm – US will release their Final Services PMI – we expecting no change on the data.
  7. 10.00pm – US will release their ISM Manufacturing data – It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy. expected no change or weaker.
  8. 10.30pm – Oil inventory report – we are expecting the demand to continue wth low inventory.

We still believe that the market is fragile. Be cautious and always put money management as your 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.

1 Comment
  1. storno brzinol 1 month ago

    We are a group of volunteers and opening a new scheme in our community. Your site provided us with valuable information to work on. You have done an impressive job and our entire community will be thankful to you.

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?