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    Daily Report – Wesnesday 31st October

    THE DAILY REPORT
    THE DAILY REPORT
     

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    RISK EVENTS (AEDT)

    11:30    AUD       CPI
    * Consensus lower

    13:00    JPY         interest rate

    22:30    EUR        CPI

    Major Bloomberg & Reuters News

    U.S. Plans More China Tariffs If Trump-Xi Meeting Fails, Sources Say

    The U.S. is preparing to announce tariffs on all remaining imports from China by early December, should talks next month between President Donald Trump and Xi Jinping fail to deliver on trade, according to three people familiar with the matter. Trump said late yesterday he thought the U.S. could make a “great deal” with China, adding the caveat that “it has to be a great deal as they have drained our country.” Policy makers in Beijing continue to try to cushion the country from the trade war fallout with tax cuts, regulatory relief and investment incentives as they try to avoid the debt-financed stimulus of the past. The People’s Bank of China weakened its daily reference rate for the yuan to the lowest in more than a decade.

    ECONOMIC ANNOUNCEMENTS  

    Trading FX and CFDs involves a substantial degree of risk and should only be undertaken with risk capital. Please refer to our website www.forexct.com.au for a copy of our PDS & FSG. Forex Capital Trading Pty Ltd (“ForexCT”) provides general advice that does not take into account your objectives, financial situation or needs. The contents of this newsletter do not take into account the personal circumstances of any individual investor. Investors do not own or have rights to underlying assets. ForexCT is regulated by ASIC (AFSL 306400, ABN 69 119 086 270). ForexCT’s AFS license and Australian regulation only applies to the financial services being offered in Australia only.

    ForexCT and its related entities do not warrant the accuracy or completeness of the information contained in this newsletter and shall not be responsible or liable for any loss or profit whatsoever which may arise directly or indirectly from any use or reliance upon any information in this newsletter. Any person acting on the information in this newsletter does so entirely at their own risk. Any analysis, opinion, commentary or research in this newsletter is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell any financial product or instrument.  You should always seek independent financial advice.

    The trade signals above reflect Trading Central's judgement as at the time the information was prepared under the Terms and Conditions set by Trading Central. ForexCT and its related entities do not warrant the accuracy or completeness of the information contained in this newsletter and shall not be responsible or liable for any loss or profit whatsoever which may arise directly or indirectly from any use or reliance upon any trade setup, statement, opinion or omission.

    Posted: October 31, 2018 | 12:06 AM