Trump's tariff delays are not what was agreed Osaka summit - @HuXijin_GT

There are concerns being floated again with respect to the recent concession which Trump announced in delaying tariffs on Chinese imports until Decemb  |  14/08/2019 18:54
  • AUD/JPY could be considered a fade on rallies as trade wars dominate headlines.
  • Trump's tariff delays not enough to squash the market's pessimism. 

There are concerns being floated again with respect to the recent concession which Trump announced in delaying tariffs on Chinese imports until December. 

The Chief in Editor at The Global Times tweeted:

"As far as I know, the Chinese side requests that both sides respect the consensus reached at Osaka summit, which is removing all additional tariffs, not delaying some. I doubt the Chinese side will resume large-scale purchase of US farm products under current circumstances."

Headlines such as this may not have an immediate impact and may tale their time to filter through but they would be expected to add pressure to already fragile risk appetites in global financial and commodity markets. 

FX implications

Such headlines would usually build the case for shorting commodity-FX and buying the Yen making for the case for short AUD/JPY even more compelling, -1.45% at the time of writing and rallies should be considered a fade. 

 

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com