Trade war breakthrough? | Forex Factory

  • Trade war breakthrough?

    From marketpulse.com

    US markets are off to a rousing start in the wake of a report that US and China are said to restart talks to avert the escalating tit for tat trade war but renewed selling in large-cap tech companies has tempered gains. But indeed any tempering of this confrontational issue ahead of the Presidents 200 billion trade threat will be viewed in a favourable light and provided parties remain at the table, where there’s a will there is a way. Currency Markets As expected there was no hawkish midsummer nightmare but rather \he BoJ did not change rates nor did they show any signs of shifting from ultra-loose monetary policy ... (full story)

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Ill-b-back
Aug 1, 2018 10:42pm
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Those with ringside seats to the US/CHINA main event maybe a little disappointed at this development.

A bloody nose and the towel is thrown in perhaps??

But that was always the idea...
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AnniLi
Jul 31, 2018 9:14pm
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Under any realistic scenario the USA economy will move closer to full employment faster than any other competing country. This is the central story and while trade wars may stall USA momentum it will do far worse outside. Therefore on a relative basis you have a great one-sided bet. JPY and CHF are less powerful now as safe havens than the USD itself, so I believe that USD upside momentum would increase if/as the world outside USA gets to look more ugly. The USD strength may be enough to create a big problem for the FED which may not (will not) react swiftly to counteract the currency movement by moving the FFR down quickly. Trade wars, currency wars, QE wars no matter - its all about macroeconomic interventions to keep national ships afloat and such conditions are tailor made for excessive volatility in currency markets.
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Prof.Trader
Jul 31, 2018 5:11pm
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Trade war was gone...

Traders focused on The FOMC, now...
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General Lee
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