News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • 🇳🇱 Consumer Confidence (SEP) Actual: -5 Previous: -6
  • A rough start to the week with the cryptocurrency market a sea of red with losses on either side of -10% a common sight.Get your market update from @nickcawley1 here:
  • RT @FxWestwater: Gold, Copper Forecast: XAU Eyes FOMC, Evergrande News Sends Copper Flying Link:…
  • Heads Up:🇳🇱 Consumer Confidence (SEP) due at 04:30 GMT (15min) Previous: -6
  • PBoC liquidity injection + reports that Evergrande will make its next onshore bond payment ($35.88-million on 23 Sept) is bolstering risk appetite here. Yet, there is still no word on the $83.53-million offshore bond payment also due Thursday. Over to you now, Jpow & Co.
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • Bank of Japan: - Outlook highly uncertain amid Covid - Asset purchase outline unchanged - Cuts assessment of production - exports, production impacted by supply side constraints - BBG
  • Heads Up:🇯🇵 BoJ Interest Rate Decision due at 03:00 GMT (15min) Previous: -0.1%
US President Trump Escalates US-China Trade War; Gold Unmoved

US President Trump Escalates US-China Trade War; Gold Unmoved

Nick Cawley, Strategist

US-China Trade War News and Talking Points

- US President Trump turning up the heat on China by announcing new trade tariffs.

- Financial markets turn risk-off.

- JPY rallies, AUD sinks while Gold remains unchanged.

The DailyFX Q2 Trading Forecasts for all major currencies, commodities and indices, are now availableto download to help you make more informed trading decisions.

US-China Trade War Escalates as US President Trump Doubles Down on Tariffs

The US-China trade war is pushing a healthy risk-off move Tuesday and there more to come as US President Donald Trump announces new tariffs in the wings. The US announced yesterday that they impose a 10% tariff on an additional $200 billion of Chinese goods after Beijing retaliated against the $50 billion of tariffs they US announced last week. And ominously, the US said that it would identify another $200 billion of goods for new tariffs if China retaliates to its latest action. China’s exports to the US are worth around USD505 billion. Other options open to China if trade relations worsen would include letting the Chinese Yuan weaken and/or Beijing selling some of their vast US Treasury holdings, estimated in the region of $1.2 trillion.

US-China Trade War – A Brief History of Trade Wars From 1900 to Now

The Impact of Tariffs and Trade Wars on the US Economy and the US Dollar

Markets turned risk-off after the latest announcement with the JPY and CHF both getting bid higher. AUD, a beneficiary from Chinese trade, fell further. Gold, another traditional safe-haven, seemingly did not receive the risk-off memo and remained unmoved and still around $30 lower than last week’s high print. A break below $1.275/oz. could still open the way to a fall back to December’s low print of $1,236/oz.

Gold Daily Price Chart (November 2017 – June 19, 2018)

US President Trump Escalates US-China Trade War; Gold Unmoved

The latest IG Client Sentiment Indicator shows retail remain substantially long of Gold but sentiment has changed over the past week.

If you are new to foreign exchange, or if you would like to update your knowledge base, download our New to FX Guide and our Traits of Successful Traders to help you on your journey.

What’s your opinion on Gold? Share your thoughts with us using the comments section at the end of the article or you can contact the author via email at or via Twitter @nickcawley1

--- Written by Nick Cawley, Analyst

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.