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The dollar Is performance is different after the introduction of the tariffs and European bonds are rising

2018-09-18 10:27 am | Resource: News | No Views : 79



 The US dollar was steady against other currencies on Tuesday after the White House imposed new tariffs on China. US President Donald Trump announced on Monday that the United States would offer 10 percent of China's 200 billion US dollars customs duties, which would rise to 25 percent by the end of the year. "If China takes reprisals against our farmers or other industries, Immediately the third phase, a tariff of approximately $ 267 billion of additional imports.

China said it would respond against the new tariffs. The United States has invited China to discuss trade later this month, but China is likely to cancel.

German and UK bonds rise

British government debt prices rose on Tuesday, meaning lower yields, while German bonds showed a more mixed picture. With the pound retreating on Tuesday, some of yesterday's important gains reflected optimism about Britain's exit from the EU, and sentiment in London's stock market improved as it supported the depreciation of companies that rely on external income. Stocks in the euro area were also stronger.

Investors focused on the ignition of the commercial war by Trump's tough tariff decisions

The yield on two-year bonds in the UK fell by 0.6 basis points to 0.807% at 11:40 CET, compared with a drop of 1.3 points to 1.377% for the tenth year. The yield on 30-year bonds fell 0.7 points to 1.869%. The German bond yield for two years added 0.6 points, to 0.528% below zero and makes the curve more streamlined. The yield on 10-year bonds fell by 0.8 points to 0.45% and the 30-year benchmark fell 1.5 points to 1.089%. Bond futures were stable at 0.06% and 0.24%, respectively.

US Dollar Trading
  • The dollar index, which measures the strength of the dollar against a basket of six major currencies, stabilized at 94.09 from 9:05 GMT.
  •  The greenback was up against the yen as a safe haven, with USD / JPY rising 0.06% to 111.95.
  • The Chinese yuan was plummeting after news, dropping to a three-week low of 0.08% to 6.8756, not far from the high of 6.8921.
  • The Euro and the Pound were stable. The euro was up 0.03% at 1.1685, while the pound was down 0.11% at 1.3136.
  • The Australian Dollar was up 0.39% at 0.7219
  • The New Zealand Dollar / US Dollar was up 0.23% at 0.6593.


Other analysis

USD/JPY Technical analysis 13 December 2018

Time frame Used - four hours The USDJPY is moving in a bullish direction in the near term. The USDJPY faced resistance and selling pressure nearly of the resistance level of 113.58 to retract to the support level 113.20. In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery. Therefore, we expect that the USDJPY will test levels of 113.58 - 114.08 again…

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