Gold rises despite the intensification of the trade war
2018-09-24 12:02 pm | Resource: News | No Views : 53
China canceled planned trade talks with the United States and also canceled a scheduled visit to the United States by Deputy Prime Minister Liuhe this week as a new round of US tariffs on Chinese goods began, raising fears of a protracted trade dispute between the world. The two largest economies.
As the trade dispute between the United States and China escalated again after the two countries applied new tariffs on their respective imports. Washington has imposed a 10 percent tax on Chinese imports worth 200 billion dollars, while Beijing has imposed US products worth 60 billion dollars at a rate of between 5 percent and 10 percent. Shortly after the reprisals took effect, the State Council issued a white paper accusing the United States of practicing "commercial bully practices".
The US Federal Reserve ended its two-day monetary policy meeting on Wednesday, as economists expect the central bank to raise rates by another quarter point. The accompanying statement is likely to attract considerable attention as well as a press conference held by Federal Reserve Chairman Jerome Powell as traders try to gauge expectations for further rate hikes.
The dollar rose on Monday to cut a two-week downtrend as investors bought the greenback ahead of the Federal Reserve's widely anticipated interest rate hike this week, while fears of trade wars showed investor appetite for risk.
The dollar has struggled as fears over a trade war fade, and central banks in Turkey's emerging markets have taken firm steps to stabilize their markets.
Al - Afoud futures trading for gold
Time frame Used - four hours Oil is moving in a bearish direction in the near term The bears managed to press the oil to retreat below level of 70.46, forming a positive candlestick pattern but it still facing resistance around level of 72.71 In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery Accordingly, we expect that the oil will break…
- Gold Technical analysis 16 October 2018 11:41 pm2018-10-15
- OIL Technical analysis 15 October 2018 10:03 pm2018-10-14
- Gold Technical analysis 15 October 2018 10:01 pm2018-10-14
- OIL Technical analysis 12 October 2018 11:46 pm2018-10-11
- Gold Technical analysis 12 October 2018 11:44 pm2018-10-11
- OIL Technical analysis 11 October 2018 05:32 am2018-10-11
- Gold Technical analysis 11 October 2018 05:25 am2018-10-11
- OIL Technical analysis 10 October 2018 05:25 am2018-10-10
- Gold Technical analysis 10 October 2018 05:23 am2018-10-10
Best trading brokers
- The rise of gasoline contracts supports oil to reach its levels in two months 2017-07-28
- Oil prices maintain their highest level in 8 weeks 2017-07-28
- Brief Market News 2017-07-12
- Oil falls influenced by the International Energy Agency report 2017-08-14
- "China National Petroleum": China's energy demand will peak in 2040 2017-08-16
- Dogecoin .. Electronic currency arose as a result of irony 03:54 pm 2018-01-26
- Currency and commodity analysis for 2018 05:14 pm 2018-01-01
- Bitcoin forces Santa Claus to distribute the worst gifts to its investors on Christmas 10:04 am 2017-12-25
- Forex 09:26 am 2017-12-25
- OmiseGo .. Time for electronic financial exchanges 02:07 pm 2017-11-15