Intraday Market Thoughts

Indices Hit by Fresh Trade Retaliation

by Ashraf Laidi
Jun 19, 2018 8:49

Global equity indices dip further into the red, led by US futures on Donald Trump's intention to impose tariffs on an additional $200bn in Chinese imports. The news came less than a week after the US and China imposed $50bn of tariffs on steel and agricultural products. USDJPY has fallen below 110 as the yen rallies against all currencies, followed by gold and the franc. All other currencies are weaker against the US dollar, with AUD at the bottom due to renewed pressure on Beijing. Yesterday's Premium video includes new trades in indices. AUDUSD and EURJPY were both stopped out.


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