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The week starts with mixed feelings. Market mood improved last week as US President Donald Trump eased pressure on Federal Reserve (Fed) Chair Jerome Powell, announced some progress with trading partners including Japan and India, and said that the triple-digit import taxes on Chinese products will probably be ‘substantially’ revised lower. And happily, we heard […]

The post Euro, European Futures rise as USD, US Futures Slip appeared first on Action Forex.

• German DAX futures flat
• UK FTSE futures flat

US futures are marked down though, with S&P 500 futures lower by 0.4%. Trade headlines will continue to be the main thing to watch out for but there will be other factors in play as well. Month-end flows being one of that but we’ll also have key earnings releases from big tech especially. Microsoft, Meta, Apple, and Amazon will be reporting theirs on Wednesday and Thursday, so do mark that down on your calendar. All that before we get to the US non-farm payrolls on Friday.

This article was written by Justin Low at www.forexlive.com.

Chinese manufacturers are pausing production and turning to new markets as the impact of U.S. tariffs sets in, according to companies and analysts.

Trump is also losing confidence among voters in his ability to handle immigration.

Many young people choose skilled trades like construction or plumbing. “I’m not going to go stop my business and pay for college,” says Chase Gallagher, age 24.

When it comes to retirement, Americans are on mostly on their own to manage their savings and spending. Many fear they will run out of money before they die.

• We are in a moment of great economic uncertainty
• But does not see any extra inflation in the region
• Does not anticipate a recession in France, Europe
• Trump’s policies, US protectionism are not working

The ECB is set to meet in June next and market players are slowly warming up to the idea of another rate cut. As things stand, the odds of that are ~64% priced in at the moment.

This article was written by Justin Low at www.forexlive.com.

Shanghai is seen as the main financial hub in China, so the visit is one that could take on some importance. Even if not from what he will be saying during the visit but at least in terms of the optics. It comes at a time when US and China are still locking horns on the trade front. Reuters is reporting that he will be making the visit later this week.

Just be on the lookout in case there will be comments from the state media on Xi’s visit here.

This article was written by Justin Low at www.forexlive.com.