China Responds to Tariffs

Economic News
06 août 2018
China Responds to Tariffs

The Government of China did not leave the United States without an answer and applied reciprocal tariffs for US goods amounting to $60 billion, after Washington imposed duties on Chinese goods amounting to $200 billion. The Chinese Yuan continues its decline against the US dollar and is currently updating its 2-year lows.

Donald Trump said that "We [US] are leading in the tariff war" and that it is "his thing" to engage in such actions.

It is possible that the introduction of last month's of tariffs of $34 billion can already see a reflection in the monthly report for July.

Today in Canada Civic Holiday is celebrated, and because of that we expect a decrease in the volatility of pairs with the Canadian dollar.

The market of cryptocurrencies is on the verge of crisis, as mining may soon become a loss-incurring business and most investors simply merge their crypto portfolios.

During Saturday's session Bitcoin lost over $400 in value and led the entire crypto sector into the red zone.

SuperForex
Bank of England in Control

Economic News

Bank of England in Control

The BoE is preparing for Brexit, but what about everyone else?

SuperForex
03 août 2018
Apple First to Reach $1 trillion

Economic News

Apple First to Reach $1 trillion

SuperForex
03 août 2018
Higher Rates in the UK

Economic News

Higher Rates in the UK

The Bank of England hiked rates to .75%.

SuperForex
02 août 2018