Founder of world’s largest hedge fund says ‘first day of the war’ with China has begun

Has a trade war started? The stock market doesn’t suggest that a full-scale trade fight between China and the U.S. has erupted, but a tweet from Ray Dalio, founder of hedge fund Bridgewater Associates, implies otherwise. Friday afternoon, Dalio tweeted: “Today is the first day of the war with China.” Read More @ https://www.marketwatch.com/story/founder-of-worlds-largest-hedge-fund-says-first-day-of-the-war-with-china-has-begun-2018-07-06?siteid=rss&rss=1

Trump trade wars are heating up, but don’t forget about rising inflation

The ever-expanding Trump trade wars have emerged as perhaps the biggest hurdle for the U.S. economy, but rising inflation might still be the biggest threat. By one measure, inflation is still fairly tame. Hourly wages for American workers only rose slightly in June, keeping the yearly increase in worker pay at a mild 2.7%. Wages typically 3% to 4% a year when the unemployment rate is as low as it now at 4%. Read More @ https://www.marketwatch.com/story/trump-trade-wars-are-heating-up-but-dont-forget-about-rising-inflation-2018-07-07?siteid=rss&rss=1

ASIA – RINGGIT STARTS THE FALL. – Ringgit’s Resilience Under Threat as Case for Rate Cut Grows

Malaysia’s ringgit was sheltered from the worst of last month’s emerging-market selloff, thanks to higher oil prices. It may be about to make up for lost time. Traders will be hovering over the sell button after Wednesday’s policy meeting in case the central bank shows any sign of turning dovish due to the worsening U.S.-China trade dispute and the new government’s decision to cut back on infrastructure spending to trim its debt burden. The rally in oil prices is also in danger of peaking after OPEC and its partners agreed last month to boost output, and U.S. President Donald Trump lashed out at the group for not doing enough to reduce gasoline costs.  Read More @ https://www.bloomberg.com//news/articles/2018-07-08/ringgit-s-resilience-under-threat-as-case-for-rate-cut-grows

WHAT IS THE USD INDEX SAYING?

USD will start the fall if it breaks the support; the USD is vulnerable as President Trump go all out war with trade tariffs. USD fall is also good for US as “MAKE AMERICA GREAT AGAIN” is not possible with strong USD for now. Personal Income and Unemployment data were bad on Friday and USD falls before $94 once again. We should see more fall this week.

MONDAY NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.

  1. 7.50am – Japan will start with their Current Account and followed by BOJ Kuroda speaks – JPY volatility is expected. Market expecting more from KURODA.
  2. 1.00pm – Economy Watchers Sentiment – expect JPY once again react. We stay neutral.
  3. 2.00pm – German will release their Trade Balance – expected to be good in favor of EURO.
  4. 4.30pm – Sentix Investor Confidence – EUR expected to have some good volatility – we buy all Pullbacks.
  5. 9.00 – 11.00pm – EURO volatility will continue with Mario Draghi Speaks (ECB) – Be cautious as the market can go either direction.

Monday morning you can expect some good gaps – USD taking the fall. Always put money management as your number 1 priority.

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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