Market Overview July 5

The market is packed with events today.

Economic News
05 de jul. de 2018
Market Overview July 5

Europe’s attempt to prevent more tariffs from Trump’s Administration last Friday was successful, as it became clear that the United States will not be imposing a 20% import tax on European automobiles. However, the offer to free the European Union from tariffs on cars is only valid if the EU agrees to lift its own sanctions on American vehicles. This announcement has had a positive effect on the European stock markets.

On the other hand, trade relations between the United States and China are not improving. Tomorrow China and the United States will be hitting each other with equal amounts of tariffs, though the fees from China will technically become effective first because of their earlier time zone.

We are also expecting a number of fundamental events today. From the United States we expect the June job report in the non-farm sector, as well as the minutes from the June meeting of the Federal Reserve. Moreover, in Europe there will be a speech by Bank of England governor Mark Carney.

SuperForex
Oil Continues to Rise

Economic News

Oil Continues to Rise

Prices continue to increase as supply is limited.

SuperForex
04 de jul. de 2018
China Mobile Banned from US Markets

Economic News

China Mobile Banned from US Markets

The US is set to deny China Mobile access to the American market.

SuperForex
03 de jul. de 2018
Europe Ready for War

Economic News

Europe Ready for War

The EU reached out to the US to warn against further tariffs.

SuperForex
02 de jul. de 2018