China Pledges $200 Billion in U.S. Purchases by Overhauling Trade Rules

American and Chinese officials made progress on Friday toward an agreement that could help avert a trade war, with China pledging to increase its purchase of American goods by at least $200 billion by 2020, largely by lifting existing barriers that would make it easier for United States firms to sell and operate in China, according to a senior Trump administration official. To help narrow the trade deficit the United States runs with China, the Chinese would reduce tariffs and other nontariff barriers that currently hinder the flow of American goods and services into China. Removing tariffs and other structural barriers would essentially allow another $200 billion worth of goods to enter China through 2020, the official said. Read More @

Gold Bulls Push for the Exits on Strong Dollar and Lack of Fear

The strong dollar is proving too much of a headwind for gold. Hedge funds and other large speculators pared bullish bets on bullion to the lowest in more than two years as the metal fell below $1,300 an ounce for the first time this year, spurring the biggest weekly price decline since December. Money managers headed for the exits as the dollar advanced to a 2018 high amid expectations the Federal Reserve will raise interest rates again next month, helping push up yields on U.S. Treasuries and hurting the appeal of non-interest-bearing assets like bullion. Mounting geopolitical risks, including a simmering trade spate between Washington and Beijing and resurfacing U.S.-North Korea tensions, failed to revive demand for the metal as a haven. Read More @

EU fights back to neutralize US sanctions against Iran – Europe is fighting back against President Donald Trump’s attempt to isolate Iran with new rules aimed at protecting European companies from US sanctions.

The European Commission said Friday it is planning to shield EU-based companies that continue to trade with Iran despite Trump’s decision to quit an international nuclear agreement and reintroduce sanctions. The move, which has the support of all 28 EU states, is part of an effort by Germany, France and the United Kingdom to salvage the 2015 deal that promised Iran economic benefits in return for a promise that it would limit its nuclear program. If the EU can’t guarantee continued trade and investment, Iran has little incentive to play ball. Read More @

Iran nuclear deal: EU moves to avoid impact of US sanctions

The EU has begun reviving legislation that will allow European companies to continue doing business with Iran, despite US sanctions, officials say. The so-called “blocking statute” was introduced in 1996 to circumvent US sanctions on Cuba but was never used. An updated version of the measure should be in force before 6 August, when the first sanctions take effect. It will prohibit European companies from complying with the penalties and permit compensation for affected firms. Read More @


All pattern pointing for a USD rally this week and with the IRAN SANCTION and CHINA CO-OPERATION WITH US also pointing towards a good USD Rally. June 14th Rate Hike will also price in this week.


  1. 6.45am – New Zealand will start off with Retail Sales and Visitors Arrivals – Expected to be weak. We sell NZD.
  2. 7.50am – Japan will release Trade Balance – expected to be weak.
  3. Swiss, France and Germany banks will be closed – but EURO volatility will remain with EURO releasing the ECB Financial Stability report @ 4.00pm. We stay SELL for EURO – but long term views is still a BUY.
  4. Be cautious if you are trading OIL as there will be OPEC meeting and also IRAN – US issues. SANCTION is going to happen again for IRAN and this time is not going to be the same, OIL price will continue to rally moving forward this week.
  5. 11.30pm – FOMC member will speak and the focus will be on inflation and rate hike. Expect USD in favor.

Be cautious trading as the market becomes not predictable anymore and also fragile. Always maintain 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.


1 Comment
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