Welcome to all our subscribers!
Please feel free to share your personal thoughts in the comments. Don't forget to hit the booster and subscribe!
Key Points
- The U.S. and China have agreed to reduce tariffs by 115% during a high-level trade negotiation held in Geneva, Switzerland. As a result, the U.S. will impose a 30% tariff on Chinese imports, while China will impose a 10% tariff on U.S. imports.
- U.S. President Donald Trump stated that he "might be able to speak with Chinese President Xi Jinping later this week." However, he warned that if the two countries fail to reach an agreement within 90 days, tariffs could be "significantly higher" than the current 30%.
- The possibility of a ceasefire in the Russia–Ukraine war remains uncertain. While the U.S., Europe, and Ukraine proposed a 30-day ceasefire, Russia has not responded and has instead continued drone attacks on Ukraine.
Major Economic Events This Week
+ May 13: U.S. April Consumer Price Index (CPI)
+ May 14: Germany April Consumer Price Index
+ May 15: U.K. Q1 GDP, U.S. April Retail Sales, U.S. April Producer Price Index (PPI), Speech by Fed Chair Jerome Powell
+ May 16: Japan Q1 GDP
USDJPY Chart Analysis
Although it briefly stalled near the 146 level, USDJPY has ultimately broken through resistance and is showing a steep upward trend. It is currently trading near the 149 level, and unless there is a major shift, the pair is expected to continue its climb toward the 151 range. We will reassess its direction once it approaches that level.
Please feel free to share your personal thoughts in the comments. Don't forget to hit the booster and subscribe!
Key Points
- The U.S. and China have agreed to reduce tariffs by 115% during a high-level trade negotiation held in Geneva, Switzerland. As a result, the U.S. will impose a 30% tariff on Chinese imports, while China will impose a 10% tariff on U.S. imports.
- U.S. President Donald Trump stated that he "might be able to speak with Chinese President Xi Jinping later this week." However, he warned that if the two countries fail to reach an agreement within 90 days, tariffs could be "significantly higher" than the current 30%.
- The possibility of a ceasefire in the Russia–Ukraine war remains uncertain. While the U.S., Europe, and Ukraine proposed a 30-day ceasefire, Russia has not responded and has instead continued drone attacks on Ukraine.
Major Economic Events This Week
+ May 13: U.S. April Consumer Price Index (CPI)
+ May 14: Germany April Consumer Price Index
+ May 15: U.K. Q1 GDP, U.S. April Retail Sales, U.S. April Producer Price Index (PPI), Speech by Fed Chair Jerome Powell
+ May 16: Japan Q1 GDP
USDJPY Chart Analysis
Although it briefly stalled near the 146 level, USDJPY has ultimately broken through resistance and is showing a steep upward trend. It is currently trading near the 149 level, and unless there is a major shift, the pair is expected to continue its climb toward the 151 range. We will reassess its direction once it approaches that level.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.