China signals more stimulus as economic slowdown deepens
China on Tuesday signaled more stimulus measures in the near term as a tariff war with the United States took a heavy toll on its trade sector and raised the risk of a sharper economic slowdown. The world’s second-largest economy will aim to achieve “a good start” in the first quarter, the National Development and Reform Commission (NDRC) said in a statement, indicating the government is ready to counter rising pressure on growth. Surprising contractions in China’s December trade and factory activity have stirred speculation over whether Beijing needs to switch to more forceful stimulus measures, though most analysts believe the government will avoid doing so due to worries it could heighten debt risks and weaken the yuan. Read More @ https://www.reuters.com/article/us-china-economy/china-signals-more-stimulus-as-economic-slowdown-deepens-idUSKCN1P9090?feedType=RSS&feedName=businessNews
USD TECHNICAL CHART
‘Not your grandmother’s economy’ — Cantor CEO Howard Lutnick says growth still has 2 years to run
- The U.S. economy “feels good” and shows no sign of a recession in the next 12 months, says Lutnick, also CEO of Cantor spinoff BGC Partners.
- “This is just not your grandmother’s economy,” he argues, citing what he calls the “easiest monetary policy in the history of modern finance.” Read More @ https://www.cnbc.com/2019/01/14/cantor-ceo-howard-lutnick-says-growth-still-has-2-years-to-run.html
Traders do be cautious as GBP & EUR will stay volatile – always ensure good money management is in place.
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