Markets have been roiled by Trump today following yesterday’s Fed disappointment. Trump believes Xi wants to reach a trade deal but says Xi is ‘not moving fast enough’. Risk assets such as gold, CHF and the Yen should remain well bid. Trump is crossing the wires following earlier news that the US administration will impose an additional 10% tariff on the remaining $300 bln of Chinese imports to US starting Sept 1. Key comments: Believes Xi wants to reach a trade deal, but says Xi is ‘not moving fast enough’. Not concerned over drop in the Dow, says China ‘devalues’ Yuan. Says he is taxing China until US can reach a trade deal with them. Market implications: Risk assets such as gold, CHF and the Yen should remain well bid on currency wars and currencies such as the AUD and now even possibly the Dollar will bear the brunt of a deeper and protracted trade war which is now turning into a full-blown currency war. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin technical analysis: BTC/USD big price development for the bulls FX Street 4 years Markets have been roiled by Trump today following yesterday's Fed disappointment. Trump believes Xi wants to reach a trade deal but says Xi is 'not moving fast enough'. Risk assets such as gold, CHF and the Yen should remain well bid. Trump is crossing the wires following earlier news that the US administration will impose an additional 10% tariff on the remaining $300 bln of Chinese imports to US starting Sept 1. Key comments: Believes Xi wants to reach a trade deal, but says Xi is 'not moving fast enough'. Not concerned over drop in the Dow, says… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
