ECB Paper Tells Governments It’s Their Turn to Sustain Growth

The European Central Bank is trying once again to hammer home a message it’s been stressing for almost two decades: countries must reform their labor and product markets and use their fiscal space if they want their economies to remain resilient in the long term.

That’s the view in a paper published by the ECB on Friday. While the central bank says the report doesn’t necessarily reflect its own stance, the commentary echoes calls by policy makers that are gaining urgency as years of unprecedented stimulus start to draw to a close. If they go unheard, the risk is that central banks won’t have much room to act during the next downturn — or create new problems through an extensive use of unconventional tools. read more @

Car Tariffs? Europe Is Ready to Retaliate as Trade Dispute Grows

The European Union says it will continue a tit-for-tat escalation in its trade dispute with the U.S. while countering President Donald Trump’s assertion that the U.S. is being treated unfairly by the 28-nation bloc.

Jyrki Katainen, the EU commissioner in charge of jobs and growth, told the French newspaper Le Monde in a story posted Saturday that if Trump applies new tariffs to European cars, as he threatened this week, the bloc “again, would have no choice but to react.” read more @


Both USD & EUR are completely reverse in terms of chart patterns but EURO holds a wild card with growth and QE winding down. US is fighting for a fair trade but then the USD staying strong would not do any good for US. The market stays fragile and we are expecting the USD to make a pullback once again before it goes any higher.


  1. We are expecting USD to gap down tomorrow; be cautious as the market remains fragile.
  2. 7.50am – Japan will release their Summary of options – This report includes the BOJ’s projection for inflation and economic growth. Source first released in Feb 2016; expect volatility – we maintain BUY for JPY.
  3. 4.00pm – Germany – It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment; we buy EURO.
  4. 10.00pm – US will release their new home sales and is a leading indicator – we expecting no change.

Always put money management as your number priority.

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