G20 heads to stop short of denouncing protectionism in communique – Nikkei

OSAKA, June 29 (Reuters) – Group of 20 leaders will agree to accelerate World Trade Organization (WTO) reforms but stop short of calling for the need to resist protectionism in a communique to be issued on Saturday, the Nikkei newspaper said.

The gathering of the heads of the world’s biggest economies has been overshadowed by a high-stakes meeting scheduled on Saturday between U.S. President Donald Trump and Chinese President Xi Jinping to salvage their trade talks. Read More @ https://finance.yahoo.com/news/1-g20-heads-stop-short-003837386.html?.tsrc=rss

TECHNICAL CHARTS AND SUMMARY OF LAST WEEK

Trump says this is his ‘Plan B’ if China-U.S. trade talks collapse

‘PLAN B’

In a wide-ranging interview with Fox Business’s Maria Bartiromo Wednesday morning, Trump suggested that he’s happy to receive import duties from China if efforts to reach a detente between the world’s largest economies fails to result in a concrete trade deal.

“My Plan B with China is to take billions and billions a month…and we’ll do less business with them,” Trump said. Wall Street is eagerly waiting for a meeting with Trump and China President Xi Jinping on the sidelines of the Group of 20 gathering that is set to take place in Osaka, Japan, over the weekend.

The U.S. already has imposed 25% tariffs on some $200 billion of Chinese goods, and Trump has threatened to impose the same levy on over $300 billion of Chinese products. Read more @ https://www.marketwatch.com/story/trump-today-president-threatens-tariffs-on-china-as-he-jokes-draghi-should-lead-fed-2019-06-26?siteid=yhoof2&yptr=yahoo

TECHNICAL CHART FOR AUD & NZD – GAPS EXPECTED

SELLING OF THE USD WILL CONTINUE AS TRUMP PUSH FOR RATE CUT…Story continues Monday…

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