Reciprocal tariff relaxing supports global markets | IFCM
IFC Markets Online CFD Broker

Reciprocal tariff relaxing supports global markets

  • IFC Markets
    2023/02/27
  • IFC Markets
    2023/02/20
  • IFC Markets
    2023/02/13
  • IFC Markets
    2023/02/06
  • IFC Markets
    2023/01/30
  • IFC Markets
    2023/01/23
  • IFC Markets
    2023/01/16
  • IFC Markets
    2023/01/09
Subscribe to our official channel to get the latest updates from IFC Markets

Beijing’s decision to exempt 16 types of US products from retaliatory import tariffs and President Trump’s response delaying implementation of tariff hikes from 25% to 30% on $250 billion of Chinese goods for two weeks as a “gesture of good will” highlighted easing trade war concerns last week. The SP 500, Dow and Nasdaq entered uptrend after breakouts from month-long consolidation triangles, extending gains exceeding 1%. The ICE US dollar index lost another 0.2%, entering into a downtrend.

All six largest developed market indexes kept advancing last week. Nikkei was the gains leader: it rallied 3.7%. Four out of six major currency pairs maintained previous week’s dynamics, and the range of major currency pairs’ weekly fluctuations halved while it shifted up. The British Pound was the leader in terms of percentage change: it rose 1.6% against the US dollar.

The central bank policy meetings dominate this week’s important events calendar. Federal Reserve is expected to cut rates at conclusion of tow-day meeting on Wednesday, while the Bank of Japan, Swiss National Bank and Bank of England are seen as holding policies steady on Thursday.

New Exclusive Analytical Tool

Any date range - from 1 day to 1 year

Any Trading Group - Forex, Stocks, Indices, etc.

 
Close support
Call to Skype Call to WhatsApp Call to telegram Call Back Call to messenger