Trump steps up the attacks – Trump says Putin may bear responsibility for the Syria gas attacks The US dollar is absolutely soaring against the ruble today. It’s all about the latest round of sanctions with Rusal getting cut off from commodity markets. The company is the biggest aluminum supplier outside of China.
Chinese premier Li Keqiang out with some comments More of the same kind of comments coming out from the Chinese camp. Li’s comments were from a meeting with the UN secretary general that was held yesterday.
Comments by former US commerce secretary Carlos Gutierrez at the Boao Forum He doesn’t have much incentive to be biased, and judging China’s to the recent “progress” in negotiations between the two countries, it sure doesn’t look like we’re near a conducive and constructive solution on the trade front.
Latest data released by the Swiss National Bank – 9 April 2018 Prior week’s reading can be found . here Minor changes in the sight deposits data, domestic deposits declined a little but not substantial enough to note any major interventions by the SNB.
Comments by China’s vice commerce minister Qian Keming, speaking at the Boao Forum China’s persistent requests on the WTO-front have fallen on deaf ears so far, and that’s not likely to change any time soon. It would be silly for any nation to pick a side while the frying pan is still heating up.
Latest data published by Sentix – 9 April 2018 A general sentiment indicator of investors’ outlook of the Eurozone economy over the next six months. Another major dip in investor confidence in the Eurozone. The prior report was marred by the German SPD vote, and looking through this month’s report it shows that current situation…
It’s USD supply that’s notable as our North American friends join in 9 April EURUSD up to test 1.2300 after trawling around 1.2270 for most of the session so far, and GBPUSD chewing through offers/resistance around 1.4120 having failed to hold below 1.4100.
In a session of range trading we’ve seen USDCAD head higher only to retreat 1.2760 continues to be a good line the sand and we’ve seen the pair head up to 1.2820 resistance from 1.2770 only to retreat back to 1.2787 as I type.
Forex and cryptocurrency news from the European trading session – 9 April 2018 News: Data: Trade war rhetoric continues to dominate the headlines and with market still guessing as to which way the cards will fall, FX prices have seen limited range so far today.
Commentary by Nordea Banks’ global currency strategist Andreas Steno Larsen Larsen says that China is on the backfoot in the trade spat with the US, and that there are “no good ways to retaliate for China”.