Markets feared Trump would light the fuse on a trade war, and maybe he just did

  • Stocks sold off sharply and investors moved into the safety of bonds, after President Donald Trump said he would put tariffs on imports of steel and aluminum.
  • Analysts said the tariffs were not in themselves signs of a ‘trade war’ but could be a catalyst to spur one if other countries around the world retaliated.
  • The tariffs could create inflation as industries pay more for products made with steel or aluminum and pass the costs to consumers. Read More @ https://www.cnbc.com/2018/03/01/markets-feared-trump-would-light-the-fuse-on-a-trade-war-and-maybe-he-just-did.html

Dollar falls to two-week low vs. yen, slides vs euro after tariff news

The dollar fell to two-week lows against the yen and dropped from seven-week highs versus the euro on Thursday on fears of an imminent trade war after President Donald Trump said the United States would impose tariffs on steel and aluminium. Read More @ https://www.reuters.com/article/us-global-forex/dollar-falls-to-two-week-low-vs-yen-slides-vs-euro-after-tariff-news-idUSKCN1GD3KR

USD INDEX TECHNICAL CHART.

The demand for USD will diminish if the US goes hard on trade protectionism; USD stares at $90.

Todays NEWS that might affect your Technical Trades;

  1. Trump is pushing towards trade war and he is going ahead next week – USD goes under pressure.
  2. 7.30am – Japan core CPI stays strong; we maintain SELL for USDJPY.
  3. 3.00pm – EURO will go to action with German Retails sales and Import Prices data – we believe the EURO have started the rising sun as the global market looks towards Europe and China for more trade rather then the US who has moved towards protectionism.
  4. Today – be alert if you are trading the GBP pairs as Theresa May will speak and will create volatility – PM’s speech puts stress on ‘tolerant democracy’ in overture to EU remainers while also attempting to calm Tory rebels Read More @ https://www.theguardian.com/politics/2018/mar/01/may-overture-to-eu-remainers-puts-stress-on-tolerant-democracy
  5. 6.00pm – Mark Carney will address the market – once again GBP focus. We maintain buy for GBPUSD.
  6. 9.30pm – Canada will release their GDP and we are expecting a good data; we maintain SELL for USDCAD.
  7. 11.00pm – The night will end with UoM Consumer and Inflation data releases – we believe the data will be weak or no change – we maintain SELL for USD.

The market has moved fundamentally against all technical charts – we believe the recent rise of the USD is temporary and we believe there is more downside for the USD. Observe good money management at all times.

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

1 Comment
  1. stornobrzinol 3 months ago

    I haven’t checked in here for a while because I thought it was getting boring, but the last several posts are good quality so I guess I’ll add you back to my everyday bloglist. You deserve it my friend 🙂

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?