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.

Free Trading Guides
EUR/USD
Bearish
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
GBP/USD
Bullish
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
USD/JPY
Bullish
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
Gold
Bearish
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
Bullish
Bitcoin
Mixed
More View more
Real Time News
  • US Dollar Pulls Back from Resistance Test: AUD/USD, GBP/USD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/01/21/US-Dollar-Pulls-Back-From-Resistance-Test-AUDUSD-GBPUSD-js57-usd-price-chart.html https://t.co/jEutt33Io4
  • What's the difference between leading and lagging indicators? Find out from @RichardSnowFX here:https://t.co/vGx8HCagF5 https://t.co/mDSGjzscBT
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.71%, while traders in Wall Street are at opposite extremes with 75.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/0rZ8anYrWW
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.48% 🇨🇭CHF: 0.19% 🇪🇺EUR: 0.18% 🇳🇿NZD: 0.05% 🇦🇺AUD: -0.02% 🇨🇦CAD: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ueTnNYQdMV
  • RT @LJKawa: On the upcoming VIX futures roll after opex week: A wrinkle in volatility markets has stock jocks braced for pain https://t.co…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.70%, while traders in Wall Street are at opposite extremes with 75.78%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/dCUxr4X5Bi
  • RT @C_Barraud: 🇨🇳 #China | #PBoC pumped 100 billion yuan (about 14.58 billion U.S. dollars) into the financial system via reverse repos on…
  • RT @DeItaOne: MNUCHIN: COMING BUDGET WILL HAVE A NEW MIDDLE CLASS TAX CUT
  • RT @DeItaOne: FRANCE'S FINANCE MINISTER LE MAIRE SAYS TALKS WITH U.S. ON DIGITAL TAX REMAIN DIFFICULT, GOAL REMAINS MINIMUM TAXATION
  • RT @VPatelFX: UK jobs report shows big gain in employment (+208k). Buoyant hiring activity comes along with higher headline wage growth at…
The Uncertain Impacts of Trade Wars on Harley and Huawei

The Uncertain Impacts of Trade Wars on Harley and Huawei

2019-04-22 20:00:00
Nancy Pakbaz, CFA, Markets Writer
Share:

Harley Davidson Key Points:

  • Harley Davidson releases their 2019 Q1 earnings on Tuesday
  • President Donald Trump’s tweets seem to have had an impact on Harley Davidson’s stock price in the past
  • The tariff on Europe may continue to have a negative impact on Harley Davidson

On Tuesday, the famous motorcycle manufacturer, Harley Davidson, will release their first quarter earnings for 2019. Investors will look to their report to see how they have performed following the disapproval of US President Trump.

Last June, President Trump was not one to hide his thoughts on the company’s decision to move their plant overseas - expressing his disappointment in the company’s decision to leave the US. The decision came after the U.S increased import tariffs on Europe from 6% to 31%, resulting in a 90-100 million dollar loss for Harley Davidson.

The Uncertain Impacts of Trade Wars on Harley and Huawei

Since President Trump’s tweets, Harley Davidson has experienced a drop in their sales and stock performance. In the third quarter of 2018, worldwide sales dropped to -7.8%. However, when looking at their international sales (excluding the US), Harley Davidson increased sales by 2.6%. The increase did not last long. In the 4th quarter, they continued to struggle when international sales declined by 2.6% from the previous quarter.

Donald Trump tweet about Harley DavidsonHarley Davidson stock

After President Trump encouraged Harley Davidson clients to boycott their company last August, the company’s stock witnessed a drop. With Harley due to report earnings tomorrow, markets will get an updated look at the trade war's impact on the company. Similarly, another company caught in between the trade war was Huawei, who recently released their earnings report indicating a 39% increase in sales for the first quarter. However, the US government is still trying to get other nations to avoid purchasing from the company due espionage risk.

Both Harley Davidson and Huawei are facing ire from the US and President Trump, yet Harley Davidson has been negatively impacted whereas Huawei experienced a great quarter. However, since Huawei is a privately held company, they have not been audited. As April 29 approaches, US and Chinese officials prepare for their meeting in Beijing to continue trade war negotiations, potentially bringing an end to the US-China trade war.

Written by Nancy Pakbaz, CFA

Follow Nancy on Twitter @NancyPakbazFX

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

DISCLOSURES

News & Analysis at your fingertips.