GER30 falling 400 pips in two days over fears in actions against EU imports too, one that was made to reach 12450, turned to a disaster after Trump has signed the trade memorandum which may imposes $60Bln in tariffs on Chinese imports.
1. Statement from the Chinese Embassy in Washington
Strongly opposes US President Trump’s tariff plan for Chinese imports.China to defend legitimate interest with necessary measures.Does not want a trade war but will not recoil from one. US President Trump has signed the trade
memorandum on China; says it is the first of many
2. Trump says section 301 trade action with China could be about $60 Bln in tariffs
3. ECB President Draghi gave an optimistic outlook to EU leaders but warned that protectionism is the largest economic risk
Although, we will hear a lot of comments in the following days, and do not exclude more spikes in volatility and change in price direction as news come in. Caution!
1. Statement from the Chinese Embassy in Washington
Strongly opposes US President Trump’s tariff plan for Chinese imports.China to defend legitimate interest with necessary measures.Does not want a trade war but will not recoil from one. US President Trump has signed the trade
memorandum on China; says it is the first of many
2. Trump says section 301 trade action with China could be about $60 Bln in tariffs
3. ECB President Draghi gave an optimistic outlook to EU leaders but warned that protectionism is the largest economic risk
Although, we will hear a lot of comments in the following days, and do not exclude more spikes in volatility and change in price direction as news come in. Caution!
Comment:
Possible buy opportunities around the S1 - 11990 and S2 - 11870. We have one day left from this week, so markets can take a breath before the heavy ending of the month.
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. Supplied information is not advice
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. Supplied information is not advice
The Trade Academy R&D Team
S2 - 11870
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. Supplied information is not advice.