China blames U.S. for staggering trade surplus as tariffs loom (news: 22/03/18)

Today's press

  • BEIJING/SHANGHAI (Reuters) – China blamed U.S. export restrictions for its record trade surplus with the United States, but expressed hope that a solution can be found to settle trade issues between the world’s two biggest economies as U.S. tariffs loom.

  • LONDON (Reuters) – The dollar held near a one-month low against a basket of currencies on Thursday as investors digested the implications of a generally dovish outlook from the U.S. Federal Reserve after it raised interest rates by a quarter point as widely expected.

  • Investing.com – Business activity in the U.S. private sector weakened in March, according to preliminary data released on Thursday.

  • Investing.com – UK retail sales rose 0.8% in February the Office for National Statistics said on Thursday.

  • Two members of the Bank of England’s Monetary Policy Committee voted to raise UK interest rates immediately this month.

  • The bulls' repeated failure to take out resistance around $9,000 has boosted the odds of a pullback in bitcoin prices, according to the technical charts.

Next trading day's important events

  • 15:30 (GMT+3) CA – Retail Sales (MoM) (Jan)
  • 15:30 (GMT+3) CA – Bank of Canada Consumer Price Index Core (YoY) (Feb)


Forex quotes:

  • USDJPY: 105.49
  • EURUSD: 1.2305


Indices:

  • S&P 500: 2675.61
  • NASDAQ: 7244.42

Source: Alpari

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