Canada dosen't have any car companies.
Mercedes, BMW, and Volvo all have plants in the US.
Mtl JP 14:41:12 GMT - 06/22/2018
President Trump : that is discriminatory !!!!
What about tariff-icating autos made-in-canada ?! chrystia has been working really hard for the last two days on a "detailed response" to such ... is her good diligence not worthy of being rewarded and is it to be left for naught ??
GVI Trader Jay Meisler 14:29:49 GMT - 06/22/2018
Risk off, eurusd lower after this latest tewwet
10:25 (US) Trump tweets: "Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!"
** NOTE: 6/20 (US) Commerce Sec Ross: to hold hearings on Section 232 probe on auto tariffs on July 19-20th
- Source TradeTheNews.com
GVI Trader john 13:45:22 GMT - 06/22/2018
U.S. flash Markit Mfg & SVC PMI June 2018
mfg: 54.6 vs. 56.2 exp. vs. 56.4 prev.
svc: 56.5 vs. 56.8 exp. vs. 56.8 prev.
Belgium Confidence implies a stronger German IFO on Monday.
GVI13:18:12 GMT - 06/22/2018
(BE) Belgium Jun Business Confidence: 0.6 v 0.0e - Source TradeTheNews.com
Mtl JP 12:53:58 GMT - 06/22/2018
the beyond reach of anti-collusion laws,
Members of the Organization of the Petroleum Exporting Countries agreed in principle Friday to a deal that would lift output by a nominal 1 million barrels a day, though the effective increase would be smaller, reports said. According to The Wall Street Journal
GVI Trader john 12:32:30 GMT - 06/22/2018
Canada: CPI (May) Retail Sales (April) 2018
mm: +0.10% vs. +0.50% exp. vs. -0.20% prev.
yy: +2.20% vs. +2.50% exp. vs. +2.20% prev.
Headline: -1.20% vs. +0.00% exp. vs. +0.80% prev.
X-Autos: -0.10% vs. +0.50% exp. vs. -0.20% prev.
"Greece will leave its financial rescue on August 20 and finance ministers from the 19 countries that use the single currency were under pressure to offer Athens a goodbye deal that left it strong in the eyes of the financial markets.
"The Greek crisis ends here tonight," said EU Economic Affairs Commissioner Pierre Moscovici, after marathon talks in Luxembourg." Dly Telgrph
PAR10:43:58 GMT - 06/22/2018
If they keep supporting Merkel then SPD party is toast .
Just like the French socialists SPD will be destroyed .
GVI10:04:22 GMT - 06/22/2018
German SPD party official Klingbeil said to have held preparation meeting on new Federal election - financial press
- Source TradeTheNews.com
PAR08:12:53 GMT - 06/22/2018
#Euro jumps following recovery in #Eurozone PMI. Eurozone Composite PMI unexpectedly rises to 54.8 in June vs 53.9 expected. But worrying divergence between manufacturing PMI (hit 18mth low) and services PMI (hit 4mth high).
GVI Trader john 08:04:32 GMT - 06/22/2018
EZ Flash PMIs June 2018
mfg: 55.0 vs. 55.0 exp. vs. 55.5 prev.
svc: 55.0 vs. 53.8 exp. vs. 53.8 prev.
mfg: 55.9 vs. 56.2 exp. vs. 56.9 prev.
svc: 53.9 vs. 52.2 exp. vs. 52.1 prev.
mfg: 53.1 vs. 54.0 exp. vs. 52.1 prev.
svc: 56.4 vs. 54.3 exp. vs. 54.3 prev.
09:30 (US) Fed Chair Powell: gradual rate hike case is broadly supported on FOMC ; inflation has moved up close to Fed's 2% target - Some asset prices are high but does not see excessive leverage
- US fiscal policy will add to demand over next few years
- US economy performing very well
- Source TradeTheNews.com
GVI Trader13:30:48 GMT - 06/20/2018
09:26 (CN) China govt plans strong countermeasures against US tariffs - Chinese press
** NOTE: 06/19 (CN) China prepares retaliatory tariffs against US energy; US oil, gas and coal face 25% levy in threatened second wave of duties - press
- 06/18 (CN) China Commerce Ministry (MOFCOM): US threats on $200B tariffs list disobeys negotiation and consensus reached previously between the two countries: to take qualitative and quantitative measures if US publishes additional tariffs list
- Source TradeTheNews.com
Mtl JP 12:33:51 GMT - 06/20/2018
c/a does not appear to be an issue to players
GVI Trader john 12:31:31 GMT - 06/20/2018
U.S. Current Account 1Q18 (USD bln)
-124.1 vs. -129.0 exp. vs. -128.0 (r -116.1) prev.
France and Germany joint statement: banks should cut gross non performing loans by 5%; reject proposal for sovereign-backed securities (SBBS) ** NOTE: In May, the European Commission proposed a new class of Sovereign Bond-Backed Securities (SBBS) meant to encourage investors and banks to diversify holdings of euro zone bonds. The SBBS would be comprised of bonds from all 19 euro zone countries, with the aim of reducing risks to the banking sector that was exposed during the euro zone debt crisis when banks' problems were exacerbated by their high exposure to their own sovereigns.
- Source TradeTheNews.com
GVI15:10:47 GMT - 06/19/2018
Atlanta Fed cuts Q2 GDP forecast to 4.7% from 4.8% prior - The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.7 percent on June 19, down from 4.8 percent on June 14. - Source TradeTheNews.com
GVI Trader john 12:31:27 GMT - 06/19/2018
U.S. House Starts & Permits (000) May 2018
Starts: 1.350 vs. 1.350 exp. vs. 1.290 (r 1.286) prev.
Permits: 1.301 vs. 1.315 exp. vs. 1.350 (r )prev.
haha "positive pricing dynamics" = lower purchasing power of one's savings.
amuzing how the peddlers of fiat are artistically creative wordsmiths.
GVI Trader john 11:47:12 GMT - 06/19/2018
Good point about forex. By definition leveraged trading is buying and selling at the margin. That means the focus is on marginal CHANGES. I have observed that this is the nature of the market and even those who have tried to trade without leverage soon discover this. Many very big players e.g. Bill Gates and Warren Buffet, have learned the hard way that a buy (or sell) and hold strategy can have disastrous consequences.
Forex trading requires ongoing vigilance.
Mtl JP 11:32:07 GMT - 06/19/2018
UK JY 11:00 - good sound not so much on paper as in theory.
Not nuff discussion about hedging here.
One does not need to be "better capitalized" . One needs to be better manager of risk regardless of size of wallet be it 1000 or 10,000 or a 100 million --- all can blow up equally easily.
UK JY 11:10:02 GMT - 06/19/2018
I was not talking about me personally but making a blanket statement is not a trading strategy. Forex is rarely a buy and hold due to leverage.
Bali Sja 11:05:16 GMT - 06/19/2018
Then our league is different. Sorry about your loss. Get better capitalised and money management next time.
UK JY 11:00:31 GMT - 06/19/2018
Bali. That sounds good on paper but tell that to shorts who got stopped out overnight. In the real trading world it is a matter of getting into a level you time right and can defend so you can protect your capital.
Bali Sja 10:45:37 GMT - 06/19/2018
Great, keep selling euro buying usd. ECB will never ever raise rates. Euro to parity and below by year end
GVI09:35:07 GMT - 06/19/2018
ECB President Draghi: ECB to be patient in determining the timing of the 1st potential rate hike; to take a gradual approach after the 1st rate hike - comments from Sintra, Portugal - Reiterates Council view that inflation is gradually returning toward target and that significant monetary accommodation is still needed - Economy developing underlying strength; growing evidence that broad-based growth is beginning to generate positive pricing dynamics - Downside risks to growth include increased protectionism threats and persistent heightened market volatility - Upside risks to growth include US fiscal stimulus -
GVI09:10:20 GMT - 06/19/2018
Liikanen: Could hold rates steady even longer than summer 2019 if necessary - Source TradeTheNews.com
Mtl JP 00:55:41 GMT - 06/19/2018
US imported approx $500 billion worth of chinese teddy bears in 2017
China imports approx $170 billion from the US
Xi will thus not be able to match Donald. Xi ll have to find another way to play the tit-for-tat game.
Mtl JP 00:24:46 GMT - 06/19/2018
200 and potentially another 200 billion (= 400) worth:
THE WHITE HOUSE
Office of the Press Secretary
FOR IMMEDIATE RELEASE
June 18, 2018
Statement from the President Regarding Trade with China
On Friday, I announced plans for tariffs on $50 billion worth of imports from China. These tariffs are being imposed to encourage China to change the unfair practices identified in the Section 301 action with respect to technology and innovation. They also serve as an initial step toward bringing balance to our trade relationship with China.
However and unfortunately, China has determined that it will raise tariffs on $50 billion worth of United States exports. China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology. Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong.
This latest action by China clearly indicates its determination to keep the United States at a permanent and unfair disadvantage, which is reflected in our massive $376 billion trade imbalance in goods. This is unacceptable. Further action must be taken to encourage China to change its unfair practices, open its market to United States goods, and accept a more balanced trade relationship with the United States.
Therefore, today, I directed the United States Trade Representative to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent. After the legal process is complete, these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced. If China increases its tariffs yet again, we will meet that action by pursuing additional tariffs on another $200 billion of goods. The trade relationship between the United States and China must be much more equitable.
I have an excellent relationship with President Xi, and we will continue working together on many issues. But the United States will no longer be taken advantage of on trade by China and other countries in the world.
We will continue using all available tools to create a better and fairer trading system for all Americans.
GVI Trader00:07:05 GMT - 06/19/2018
WASHINGTON (Reuters) - U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing...
PAR17:20:14 GMT - 06/18/2018
VIX hitting sessions low.
GVI Trader john 17:14:12 GMT - 06/18/2018
So here is a "dove" supporting higher interest rates.
GVI17:13:04 GMT - 06/18/2018
Fed's Bostic (voter, dove): I don't think we are quite at neutral interest rate; not certain how many more hikes it will take to get there - Sees output growing moderately above trend this and next year - Business confidence is fading on tariff worries - Inflation and wages don't seem to be headed for unsustainable pace of increase; inflation will likely stay around 2% target - Recent strength tied more to temporary factors; does not see major shift in momentum - Source TradeTheNews.com
The good and the great have always misunderstood the motivations of the Great Unwashed - change is disruptive
GVI12:38:07 GMT - 06/18/2018
Germany Chancellor Merkel: We agree CSU and CDU have common goal of better organising immigration into this country and significantly reducing number of people entering Germany
- Supports 62 of 63 points of Seehofer's plan- We believe that unjustified turning away of people at our borders could lead to undesired domino effects - I have been assured support for seeking bilateral agreements ahead of the end-June EU summit
- Got strong negotiating mandate from CDU and CSU today - Has been a serious debate, but we want to act together with the CSU
- Source TradeTheNews.com
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