Italy Panic Is Bad for U.K. as EU Seeks Brexit Consequences

The crisis in Italy could be bad news for Britain.

Italians’ flirtation with parties critical of the European Union is reminding the bloc why it wants to show the U.K. what it will lose with Brexit. It doesn’t want Britain to enjoy the same benefits of membership once it’s gone in case it tempts others to follow.

The turmoil in Italy will only strengthen EU governments’ resolve that the U.K. suffer the consequences of its decision, three people familiar with the Brexit negotiations said. What makes it worse for the U.K. is that the Italian crisis, with an early election looming, coincides with the most crucial time in the U.K.’s withdrawal process. Read More @ https://www.bloombergquint.com/politics/2018/05/30/italy-panic-is-bad-news-for-u-k-as-eu-seeks-brexit-consequences

EU – BREAKING EU’s Juncker says tariffs totally unacceptable BREAKING EU’s Malmstrom on US tariffs: EU’s response will be proportionate and in accordance with WTO rules: RTRS BREAKING European Commission reacts to the US restrictions on steel and aluminium affecting the EU The US announced that starting on 1 June 2018 it will impose additional duties of 25 % and 10 % respectively.

U.S. allies hit back at Washington’s steel, aluminum tariffs

Canada and Mexico retaliated against the United State’s decision on Thursday to impose tariffs on steel and aluminum imports and the European Union had its own reprisals ready to go, reigniting investor fears of a global trade war. Read More @ https://www.reuters.com/article/us-usa-trade-metals-europe/u-s-allies-hit-back-at-washingtons-steel-aluminum-tariffs-idUSKCN1IV2TN?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

WHAT IS THE USD INDEX SAYING?

The USD is forming a Bullish Flag however the overall picture looks bearish – Trade War may drag the USD to the south and CNH to rally. Be cautious and always focus on Money Management.

TODAYS NEWS THAT MIGHT AFFECT THE TECHNICAL TRADES.

  1. 9.45am – China will release the CAIXIN MFG and is expected to be good.
  2. 2.30pm – Australia will release commodity prices and is expected to be no change.
  3. 3pm – 4.30 – Italy, Spain, Germany and Euro will release the PMI and is expected to be good after yesterday CPI improves. We are moving from selling EURO to BUY only next week – for now we still maintain SELL.
  4. 8.30pm – NFP & HOURLY EARNINGS expected to be good. We maintain BUY for USD.
  5. 9.45 – 10.00pm – US will release their manufacturing data and is expected to be good.

USD will go under pressure as the G7 goes head-on with Trump Tariffs. We will wait and see till there is a clear direction for a Trade – for now USD technically very strong.

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.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?