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
Oil - US Crude
Wall Street
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
More View more
Real Time News
  • The retailer has created an event that sees its sales surpass Black Friday and Cyber Monday combined. Get your market update from @PeterHanksFX here:
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.44% 🇳🇿NZD: 0.43% 🇪🇺EUR: 0.19% 🇬🇧GBP: 0.11% 🇨🇭CHF: -0.03% 🇯🇵JPY: -0.31% View the performance of all markets via
  • US API Stock Changes: #Crude -7.199M #Cushing -2.550M #Gasoline +0.959M #Distillate +0.992M #Oil $CL_F
  • Bitcoin breached the key psychological level of $30,000 for the first time since January The Jan 22 swing low of $28,800 came in to help cauterize support. Get your market update from @PeterHanksFX here:
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.37% Gold: -0.28% Silver: -0.70% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.01%, while traders in France 40 are at opposite extremes with 68.82%. See the summary chart below and full details and charts on DailyFX:
  • WH Press Sec. Psaki: - More work remains on infrastructure after meeting - Today or tomorrow, a White House team will meet with Senators from both parties
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.01% Wall Street: 0.01% Germany 30: -0.11% France 40: -0.19% FTSE 100: -0.27% View the performance of all markets via
  • McKesson said to explore sale of European, UK businesses -BBG $MCK $EURUSD $GBPUSD
  • EUR/GBP continues to trade towards the bottom of the trading range. Sentiment remains ‘mixed’ after near term decline in long positioning. Get your market updates from @RichardSnowFX here:
US Considers Increasing Tariffs to 25% on $200 Billion of Chinese Goods

US Considers Increasing Tariffs to 25% on $200 Billion of Chinese Goods

Peter Hanks, Strategist

Talking Points:

  • The tariff increase would be a significant escalation in the US-China trade war
  • Officials still have not agreed on $16 billion worth of additional tariffs in the initial $50 billion wave
  • Agreement with EU’s Juncker allows US to narrow focus on China in trade disputes

Third Quarter Forecasts for Currencies, Commodities and Equities are out!They can provide useful insight to enhance your trading opportunities.

Shortly after market-close on Wednesday, US President Trump tasked trade officials to consider raising tariffs on $200 billion worth of Chinese goods. The proposal would see the proposed tariffs climb from 10% to 25%, a significant escalation in the trade war. The news was first received by markets early Wednesday morning but was not officially released until post-market Wednesday.

Read A Brief History of Trade Wars for insight on how the conflicts may develop.

The move came as talks between the US and China have stalled in recent weeks. President Trump dismissed the initial 10% tariffs as weak and said he remains open to negotiation with Beijing. Senior administration officials said they would ask for industry comments on the two potential tariff options and that a final decision is not expected until September at the earliest. At this time, the proposed $16 billion in extra tariffs on the initial wave of $50 billion has not yet been resolved.

The announcement follows a couple of worrisome results on important economic indicators for the US economy. Tuesday’s release of consumer confidence and Wednesday’s miss on ISM manufacturing both point toward rising risk despite relatively rosy results. Together, the economic indicators and increased tariffs on China could prove to be enough to stall equity growth and shift investor’s capital elsewhere. Similarly, the escalation from the Trump administration could prompt China to further explore a currency war. USD/CNH has appreciated roughly 4.5% year-to-date.

USD/CNH Price Chart: Daily Time Frame, Year-to-Date

US Considers Increasing Tariffs to 25% on $200 Billion of Chinese Goods

The proposed tariff escalation comes days after President Trump and European Commission President Juncker agreed to halt tariff escalation and NAFTA talks with Mexico seem near resolution. The “cooled” fronts in the trade war allow the US to focus more heavily on China in the coming weeks.

--Written by Peter Hanks, Junior Analyst for DailyFX

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