Trump’s Personal Lawyer Calls for Mueller Probe to Be Shut Down
President Donald Trump’s personal lawyer said Deputy Attorney General Rod Rosenstein should shut down the investigation into alleged collusion between Russia and Trump’s campaign. “Just end it on the merits in light of recent revelations,’’ Dowd said in an emailed statement on Saturday, referring to the investigation led by Special Counsel Bob Mueller. Dowd said Rosenstein should follow in the footsteps of Attorney General Jeff Sessions, who fired former Deputy FBI Director Andrew McCabe late Friday based on internal assessments that McCabe lacked candor on multiple occasions. “I pray that Acting Attorney General Rosenstein will follow the brilliant and courageous example of the FBI Office of Professional Responsibility and Attorney General Jeff Sessions and bring an end to alleged Russia Collusion investigation manufactured by McCabe’s boss James Comey based upon a fraudulent and corrupt Dossier,” Dowd wrote. WILL THERE BE AN IMPACT TO THE USD? Read More @ https://www.bloombergquint.com/politics/2018/03/17/trump-s-personal-lawyer-calls-for-mueller-probe-to-be-shut-down
China reappoints Xi Jinping as president with no term limit – be ready for stronger CNH (RMB).
China’s legislature has unanimously approved the reappointment of Xi Jinping as president with no limit on the number of terms he can serve. The National People’s Congress also appointed close Xi ally Wang Qishan to the formerly ceremonial post of vice-president. ‘Shameless naysayers’: Chinese media hits back at questions over Xi Jinping’s power grab At the Great Hall of the People, Xi, Wang and other officials took turns stepping to the lectern to place their left hands on the constitution and raise their right fists as they delivered an oath swearing loyalty to the constitution, the motherland and the people. Xi’s reappointment was approved by all 2,970 members of the NPC in attendance, while there was only one vote against Wang’s appointment. READ MORE @ https://www.theguardian.com/world/2018/mar/17/china-reappoints-xi-jinping-as-president-with-no-term-limit
U.K. Should Consider Extending Brexit Talks, Commons Panel Says – BREXIT IS A JOKE!!!
The U.K. is running short of time to reach a full deal with the European Union and should consider seeking an extension of next year’s withdrawal deadline in order to complete the work, the U.K. Parliament’s cross-party Brexit committee said. The U.K.-EU talks are due to end by October, the deadline set by both sides, with Britain leaving the bloc at the end of next March. The committee said that if substantial aspects of the future partnership remain unresolved at that time, the government should seek more time to ensure an agreement “sufficiently detailed and comprehensive” can be reached. “In the short time that remains, it is difficult to see how it will be possible to negotiate a full, bespoke trade and market access agreement, along with a range of other agreements,” including on the Irish border, the committee said in a report released Sunday. READ MORE @ https://www.bloomberg.com//news/articles/2018-03-18/u-k-should-consider-extending-brexit-talks-commons-panel-says
LETS SEE WHAT THE USD & EURO INDEX HAVE TO SAY?
NEWS THAT MIGHT AFFECT YOUR TRADES ON MONDAY.
- First be ready for Thursday morning FOMC Minutes – expected rate hike in favor of the USD; however the recent saga in the White House might bring some chaos to the USD; however overall the USD still be the currency to BUY.
- 7.50am – BOJ will give their summary of Opinions & Trade Balance Data- We move from BUY to SELL this week. We expect BOJ to stay firm on the QQQE for now.
- 6.00pm – EURO will release their Trade Balance which is expected to be lower then the previous month; we believe the data will be neutral or good – expect little movement on the EURO.
- The market will stay quiet till the US Market opens at 8.30pm (Hong Kong) time.
- Be cautious over G20 meeting as “TRADE WAR” is still at early stage for reaction and with the recent all power to China Leader – things will be a little tricky.
Always be cautious and have good Money management at all times. Go slow with your trading as the FOMC is around the corner.
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