US-China Trade War Isn’t Over
Despite a tentative deal to defer a set of tariff hikes in October, the December tariffs remain on the table. Gold, with its safe haven status, can still rise higher.
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Despite a tentative deal to defer a set of tariff hikes in October, the December tariffs remain on the table. Gold, with its safe haven status, can still rise higher.
With Bank of Canada (BoC) cutting domestic and global growth forecast, we can expect further profit-taking from long Canadian dollar trades. USD/CAD could rise further.
With the number of FOMC members who believe further easing is not necessary increasing, the cut tonight might be the last one for the year. USD/JPY could rise higher.
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The Fed may signal that it could use the “wait and see” approach this week, short EUR/USD?
When Brexit and China’s growth outlook remain uncertain, nothing could be safer than shorting USD/JPY.
The top CopyPip provider for the week is called “We Will Win”. There are a few reasons why I’ve chosen him to be our contender for this week.
The members of Parliament will likely support the deal as they do not want to be blamed for a no-deal Brexit if it fails this Friday.
Global growth remains highly uncertain, short AUD/USD?
Even though both the US and China are optimistic of a possible deal, Trump’s tweet left the market confused. It would be safer to stay on the sidelines.
Until the EU accepts the deal, we believe that it may be too early to buy into pound.
As the odds of a rate cut increases after a worse-than-expected US job report, investors may start to price in one more rate cut this year. Short USD/JPY?
The top CopyPip provider of the week is called “Happy Forex”. There are a few reasons why I’ve chosen him to be our contender for this week.
US NFP tonight may be well below the estimates, short USD/JPY & long silver (XAG/USD).
Markets in mainland China are set to reopen on October 8, just before the resumption of US-China trade talks in Washington DC.
Global financial markets experienced a volatile session in the third quarter, chiefly spurred by recession fears in some major economies.
RBA is likely to cut rate tomorrow, short AUD/USD at any rally.
New Zealand dollar rose after RBNZ highlights no significant change in monetary policy outlook. With further easing not likely to happen, NZD/USD could rise higher.
German PMI fell to a decade low at 41.4, confirming doubts that Germany is tipping into a recession. EUR/NZD could head lower towards the 1.7300 price level.
A less dovish Fed and the US repo market chaos continue to weigh on risk sentiment, short USD/JPY.