China says world trade system not perfect, needs reform

The current world trade system is not perfect and China supports reforms to it, including to the World Trade Organization, to make it fairer and more effective, Beijing’s top diplomat said. Read More @ https://www.reuters.com/article/us-usa-trade-china/china-will-not-surrender-to-u-s-demands-in-trade-talks-state-paper-idUSKCN1LU00K?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%29

Trump ‘likely’ to announce new China tariffs as early as Monday: source

U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters on Saturday.  The tariff level will probably be about 10 percent, the Wall Street Journal reported, quoting people familiar with the matter. This is below the 25 percent the administration said it was considering for this possible round of tariffs. The White House did not immediately respond to a request for comment. Read More @ https://www.reuters.com/article/us-usa-trade-china/trump-likely-to-announce-new-china-tariffs-as-early-as-monday-source-idUSKCN1LV0OB?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

These 4 called the last financial crisis. Here’s what they see causing the next one

Trade-war fears to loom large over stocks

The single biggest fear dogging the financial markets is not the possible unraveling of emerging markets or the U.S. midterm elections but the specter of a full blown trade war, according to some strategists. Read More @ https://www.marketwatch.com/story/these-4-called-the-last-financial-crisis-heres-what-they-see-causing-the-next-one-2018-09-15-17103013?siteid=rss&rss=1

WHAT ARE THE MAJOR PAIRS SAYING TECHNICALLY?

MONDAY NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES

  1. 5.00pm – Euro will release there CPI data – Volatility expected in favor of the EURO.
  2. 6.00pm – Germany will release their Buba monthly report – expect volatility.
  3. 8.30pm – Canada will release their Foreign Securities  Purchases – little or no movement.
  4. 8.30pm – US will release their Empire State Mfg Index – expect to be weak. We are moving from Buying USD to SELL this week.

The market is fragile and traders are cautious. Ensure always have good money management in place.

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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