Goldman: How China could fight back next  – THE FIGHT CONTINUES!!

  • China could switch to other tactics like barring U.S. service sector companies or intentionally driving down the value of its currency, Goldman Sachs economists said.
  • The U.S. is threatening to put tariffs on $150 billion of Chinese goods, but China can’t retaliate in kind because it imported only $131 billion in U.S. goods last year.
  • So far the latest threat of $100 billion in tariffs by President Donald Trump seems to be a negotiating tactic, but Goldman’s Jan Hatzius told CNBC the risks of a trade war have increased. Read More @ https://www.cnbc.com/2018/04/06/goldman-how-china-could-fight-back-next.html

WHAT IS THE USD INDEX SAYING?

US & CHINA WILL TAKE CENTRESTAGE FOR TARIFFS. THE MARKET WILL BE A DIFFICULT ONE THIS WEEK AGAIN.

NEWS THAT MIGHT AFFECT YOUR TRADES ON MONDAY.

  1. The market will be a quiet one early morning with minor news.
  2. 1.00pm – Japan Economy watchers sentiments will move the market for JPY Pairs. We maintain neutral for JPY Pairs for now as the market remains fragile.
  3. 2.00pm – German Trade Balance – expected to be no change – we maintain BUY for EUR pairs.
  4. 4.30pm – EURO Sentix Investor confidence – expected to weaken – we believe otherwise.
  5. 10.30pm – Canada will release Business outlook Survey – we believe it will be a hawkish one – we are moving from Buying USDCAD to SELL.

Overall the market should consolidate and range – be cautious and always observe good money management.

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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