It is the beginning of a new week and a series of new events which will have an impact on your trades this week. Let’s take a quick look at some of the most important factors for now.
The number one development on the financial markets, of course, remains the trade war between the United States and China. It seems that after last week’s exacerbation of the conflict with a new round of tariffs exchanged, this week will open on a more peaceful note. The President of China Xi Jinping will be speaking at an important economic forum for Asian countries tomorrow, so it is likely that he will address the trade issue there. Perhaps the US administration is waiting for that in order to adjust its rhetoric.
Because of this temporary calm regarding the tariff war, stock indices managed to stabilize and make some gains. US stocks were the most vulnerable in this dispute because so many US companies manufacture in or export their goods to China.
Not much has changed for the dollar. The Dollar Index is still below 90, while the US currency is under the influence of mixed signals. On the one hand, new jobs for March were the worst in half a year. On the other hand, wages continue to increase and we are likely to see another rate increase soon.
Oil prices also registered mild increases as an air-strike was carried out in Syria. It is yet unclear what country is responsible for the attack.
