Trade openened 2.706
Trade closed @ 2.721
...........net gain 15 USD or 60/150 pips.
On monday Europe could had follow the US Stockmarkets - but they didn´t. By end of the week Europe is up and US Indices are down.
Europe "up", USA "down" - "decoupling" is not often to see - but it´s seen today.
Stocks open lower as rates rise, Cisco shares drop
Stocks opened lower on Thursday after a drop in Cisco Systems shares. Equities were also pressured by the continuing assent of
interest rates multiyear highs.
The Dow Jones industrial average fell 31 points at the open, while the S&P 500 pulled back 0.1 percent as tech shares slipped. The Nasdaq composite declined 0.3 percent.
Cisco dropped more than 3.5 percent after the company reported weaker-than-expected sales for its key services business. The stock was also the worst-performer on the Dow. The benchmark 10-year Treasury note yield rose above 3.1 percent for the first time since 2011, while the two-year yield hovered around its highest levels in a decade. "Interest rate sensitivity has been the most significant negative factor over this period. Given the substantial repricing of short term interest rates since September this is hardly surprising," Michael Shaoul, chairman and CEO of Marketfield Asset Management, wrote in a note. https://www.cnbc.com/2018/05/17/us-stocks-treasury-yields-climb.html
DAX DE 30
2.725 Trade Opened
2.750 Trade Closed
..... 5 USD net loss or 25/50 pips.
China's state council said it will cut import tariffs on a range of consumer products including cosmetics, home appliances and sports apparel starting July 1, state radio reported on Wednesday. Premier Li Keqiang said separately that China's economy was steady and improving but still faced challenges, state radio reported.
"Trumps Trade War"
Republicans in tight U.S. House races feel heat from Mexican tariffs
Mexican tariffs are roiling U.S. congressional campaigns in states where U.S. exporters could take a hit and President Donald Trump's Republicans face tough races in November congressional elections.
Mexico announced the levies this week in retaliation to Trump's decision to slap tariffs on metal imports from Mexico and other countries. They fall on only about $3 billion in U.S. exports, but were crafted to have a "very specific" focus on vulnerable Republicans, said one senior Mexican official who asked not to be named.
"We wanted to ensure that the issue is a top priority for key decision makers at the highest level," said another Mexican official who requested anonymity.
Wall Street rises on economic data, easing trade worries
Wall Street indexes rallied on Wednesday with help from financial stocks as investors eyed strong economic data and trade war fears took a back seat while the Nasdaq registered its third straight record closing high.
White House economic adviser Larry Kudlow said late in the trading day that U.S. President Donald Trump will meet French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau during a G7 summit this week.
While he said Trump is not backing down from the tough line he has taken on trade, the comments appeared to calm investors.
Earlier reports citing sources said U.S. officials were weighing an offer by China to import an extra $70 billion of American goods over a year as Beijing tries to defuse a potential trade war.
"The trade rhetoric has once again dialed back," said Mona Mahajan, U.S. Investment Strategist, Allianz (DE:ALVG) Global Investors, New York. "It's the on-again off-again threat of protectionism. It's off again."
Trump says trade should be 'tariff free' between G-7 nations
The president did not elaborate on how or whether the United States would reduce its tariff barriers. Instead, he pointed to Canadian duties on U.S. dairy.
Trump's statements come amid historic tensions over trade between the United States and the other G-7 nations, which include America's closest allies.
Trump's decision to impose steel and aluminum tariffs on the G-7 countries risks isolating the United States at the summit.
US signs G-7 declaration calling for tariff reductions after tense summit with allies
There had been widespread speculation that the G-7 nations would not issue a joint communique that included the United States.
During a press conference earlier in the day, Trump threatened to stop trading with countries that do not reduce barriers to American exports.
Trump left the summit early to fly to Singapore, where he is set to meet with North Korean leader Kim Jong Un.
2.790 trade final closed
2.706 trade initially opened
net gain of 84 USD.
Trades in same period of time: plus 15, minus 10, re entry 10 USD higher. Finally not effecting the result in any way.
Total net gain 84 USD or 840 pips.