Trump May Kill the Global Recovery
In a sharp departure from this time last year, the global economy is now being buffeted by growing concerns over US President Donald Trump’s trade war, fragile emerging markets, a slowdown in Europe, and other risks. It is safe to say that the period of low volatility and synchronized global growth is behind us. Read more @ https://www.project-syndicate.org/commentary/trump-trade-war-and-the-global-economy-by-nouriel-roubini-2018-07
Trump says EU officials want to negotiate trade deal in Washington visit
U.S. President Donald Trump said on Wednesday that European leaders were coming to Washington next week to try to hammer out a deal focused largely on car tariffs, while his top economic adviser accused Chinese President Xi Jinping of holding up a U.S.-China trade deal. Read More @ https://www.reuters.com/article/us-usa-trade-kudlow/white-houses-kudlow-blames-chinas-xi-for-blocking-u-s-trade-deal-idUSKBN1K81T6
WHAT IS THE USD SAYING?
USD fails to break the triple TOP; Correction expected today. The market will consolidate till there is fresh news, meantime trade wars continues.
TODAYS NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES TODAY.
- 9.30am – Australia will release their Unemployment rate and employment change – expected to be good.
- 4.30pm – UK will release their retail sales data – GBP volatility expected.
- 8.30pm – CAD will go to action with ADP data which is expected to be good – we buy CAD.
- 8.30pm – US will release their Mfg index and unemployment claims – no change is expected.
The market is still fragile be cautious and don’t overtrade; stay focus on your goo dome management skills.
High Risk Investment Warning:
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