A note from strategists at Bank of America Merrill Lynch The note says that China may add services such as education, travel, intellectual property charges and transportation to its retaliation package if the US goes ahead with the additional $100 bn tariff on imports from China.
More comments by PBOC adviser Fan Gang at the Boao Forum in China Yada, yada. The same comments from China on the trade front but from a different angle.
ANZ on the CFTC data (ANZ look at “”) combined futures and options position of Leveraged Funds as a proxy for leveraged positioning In brief: Leveraged funds were net buyers of USD for the second consecutive week, amid escalating trade tensions.
This is the trade balance plus investment flows from offshore Japan BoP current account balance for February ¥ 2076.0bn, a little down on expected
The USDA reported that 458,000 tonnes of US soybeans were sold to undisclosed destinations A temporary (?) kink in the trade alignment as Chinese producers move away from US to Brazil and European producers move away from Brazil to the US. Not sure who wins in all of this, but if the US is able…
Uk Telegraph report on German economic de velopments, saying what is meant to be the eurozone’s strongest economy worrying signs the exporting powerhouse at the centre of the eurozone is slowing down sharply
Forex and Bitcoin news for Asia trading Monday 9 April 2018 North Korea denuke, Syria strikes, China trade … yep plenty of news about on the session today and over the weekend and forex pretty much yawned.
Japan News Network (JNN) is a Japanese broadcaster (TV), their latest polling has Abe’s cabinet on a disapproval rating around 60% Abe is probably on the phone to Kuroda as we update telling him to ease MOAR!
The recent downturn in Eurozone economic data is starting to be picked up by the widespread media Eamonn had the news earlier where the UK press is reporting that there are worrying signs in Germany, although they go as far as suggesting “this is how most recessions start”.
China says bans exports of items to North Korea with potential use in weapons of mass destruction to comply with UN resolution Reuters with the headline