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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • 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: https://t.co/KDjIjLdTSk https://t.co/F7qhF7cazx
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.38% 🇨🇭CHF: 0.29% 🇨🇦CAD: 0.28% 🇯🇵JPY: -0.03% 🇦🇺AUD: -0.22% 🇳🇿NZD: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/uDphropBki
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: 0.68% Silver: 0.37% Oil - US Crude: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/GjCpxqPpKk
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/XBXs1LXXEF
  • Ontario Premier: Ontario is extending its stay-at-home order to six full weeks $CAD
  • As UK vaccination rates have slowed, coupled with a backdrop of calmed UK Gilt yields, the British Pound’s relative appeal that carried it through the first three months of 2021 has been tarnished. Get your market update from @CVecchioFX here:https://t.co/7aZHtoa1vg https://t.co/YQYvJ17SMb
  • For most of 2021, the US 10Y yield remained in an ascending channel. In recent sessions, yields have cooled thanks to a dovish Fed. Also of note, markets appear to be signaling that US outperformance is now fully priced in. https://t.co/QD7ctvXB6T
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.40% Germany 30: 0.35% FTSE 100: 0.27% US 500: -0.01% Wall Street: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/TQst43wrMf
  • GBP: Gradual chopping decline since Feb smacks of corrective behavior. Bull-flag coming into view that could soon trigger. Get your $GBP market update from @PaulRobinsonFX here:https://t.co/ndjE4K0Nmk https://t.co/8dxgUTYH7V
  • #Bitcoin lower by more than 2.5% as Turkey bans crypto payments, citing risks #BTC $BTCUSD https://t.co/KFj1mJjBpp
Trade War Concerns Look to Preoccupy Weekend G20 Meeting

Trade War Concerns Look to Preoccupy Weekend G20 Meeting

Peter Hanks, Strategist

Talking Points:

  • President Trump unveils threat of import tariffs on $500 billion worth of Chinese goods
  • Ministers may also discuss the President’s comments regarding the Fed
  • The meeting could share a similar fate to the G7 summit in Quebec, overrun with tariff debate

Gain insight on market moving events from our Live Webinars and learn to trade more effectively with our Free Trading Guides.

With a new threat of dramaticallyescalating tariffs, US President Donald Trump could prompt participants at this weekend’s G20 meeting to dedicate more time to discussing trade fears than less-pressing, scheduled topics. If so, the meeting held in Buenos Aires will not be the first to be overrun by trade talks, with a recent G7 summit in Quebec sharing a similar fate. Scheduled topics of discussion encompass: the future of work and infrastructure development (two priorities of the Argentine G20 Presidency), global growth, international tax system and financial inclusion.

The topics that could threaten the schedule will likely be the ongoing steel and aluminum tariffs, proposed auto tariffs (originally targeted at the EU), and the new threat of $500 billion in tariffs on China- all originating with the United States. Unprecedented remarks on the Federal Reserve’s policy path by the President Trump may also come up.

Delegates at the G-20 summit in Buenos Aires – finance ministers and central bank governors – are also working on language that urges improved communicationto mitigate trade tensions, according to a person with directknowledge of the discussions. Although the US President’s Tweets have caused boisterous debate, his trade and FX tweets were not mentioned during formal G-20draft talks, a person said, asking for anonymity

Despite the opportunity and opportune timing for a critical discussion on trade relations, some participants attempted to curb expectations of a meaningful insight – much less response – at this gathering. German Finance Minister Olaf Scholz said Friday “it doesn’t look like we will make major progress on trade at G20 this weekend.”

Stay up to date with important economic data with our Economic Calendar.

If Scholz’s premonition rings true, next week will present officials with further opportunities to handle trade more directly as Jean-Claude Juncker, head of the European Commission will come to the White House to discuss auto tariffs with President Donald Trump on the 25th. Similarly, Mexico’s economy minister will also visit the White House to discuss NAFTA the following day on the 26th.

Articles Relating to the Ongoing Trade Wars:

1. Yen May Rise as US Autos Tariff Threat Revives Trade War Jitters – By Ilya Spivak, Senior Currency Strategist

2. Fed Monetary Policy Report Expresses Worry over Trade Wars – By Peter Hanks, DailyFX Research

3. Yuan, Stocks May Retrace on Modest GDP, China’s Retaliation in Trade War – By Renee Mu, Currency Analyst

4. US China Trade War & a Brief History of Trade Wars – 1900 until Present – By DailyFX Team

5. Auto Tariffs - and Retaliations - Grow More Likely as Trade Wars Rage On – By Peter Hanks, DailyFX Research

---Written by Peter Hanks, DailyFX Research

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

DISCLOSURES