Democrats want to widen Trade “overhaul” | 12/03/18

[IronFX The Global Leader in Online Trading]( 12th March 2018 [start trading]( [open demo account]( All trading involves risk. It is possible to lose all your capital. Main Points of Today Democrats want to widen Trade “overhaul” - Democratic US Senator Warren stated yesterday that she is “not afraid of tariffs” and that the US needs a comprehensive rethinking of its trade policy. - The statements seem similar to a silent consent of Trumps tariffs on the democratic side. - On other news, South Koreas Finance minister announced that it will deploy all possible means to respond to US tariffs, while Europe and China underscore the consequences on the global economy of a possible trade war. - Further negative headlines about retaliations could weaken the US Dollar. Trump-Kim meetings to be of substance - US state officials, stated on Sunday that the Trumps-Kim’s meetings are to be of substance, however N.Korea is expected to halt any missile testing advance of the meeting. - US Defense minister Mattis denied to comment on the situation as he characterized it “very delicate”. - North Korea has kept silent until now, however S.Korean officials stated that is due most probably to caution and an effort to organize their stance. - Any further positive headlines about the meeting could boost the US Dollar. This weeks other economic highlights: - Tuesday: Japan, Corp. Goods Prices for February, US Inflation Data for February and from the UK Philip Hamond delivers Spring Statement. - Wednesday: China’s Industrial Production and Retail Sales for February and New Zealand’s GDP for Q4 - Thursday: US Industrial Production for February - Friday: Eurozone’s final inflation rate for February. [Download full report]( The Market USD/JPY [Image title] - Support: 105.55 (S1), 104.66(S2), 103.65(S3) - Resistance: 106.95(R1), 108.30(R2), 109.20(R3) EUR/USD [Image title] - Support: 1.2230(S1), 1.2100(S2), 1.1915(S3) - Resistance: 1.2355(R1), 1.2495(R2), 1.2680(R3) [View all Market insights]( [View IronFX Week Ahead report]( Economic Calendar [Image title] Prepared by: Peter Iosif [Facebook]( [Linkedin]( [Instagram]( [Twitter]( [Google+]( [YouTube]( - Tel: +44 (0) 20 3282 7777 - Email: support@ironfx.com Disclaimer: This information is not considered as investment advice or investment recommendation but instead a marketing communication. High Risk Trading Warning: Our services include products that are traded on margin and carry a risk of losing all your initial deposit. Before deciding on trading on margin products you should consider your investment objectives, risk tolerance and your level of experience on these products. Trading with high leverage level can either be against you or for you. Margin products may not be suitable for everyone and you should ensure that you understand the risks involved. You should be aware of all the risks associated in regards to products that are traded on margin and seek independent financial advice, if necessary. Please read IronFX’s Risk Disclosure statement. Licences and Authorisations IronFX is a trade name of Notesco Financial Services Limited (formerly IronFX Global Ltd). Notesco Financial Services Limited is authorised and regulated by CySEC (License no. 125/10) Group Licences and Authorisations 8Safe UK Limited is authorized and regulated by the Financial Conduct Authority (FCA no. 585561) GVS (AU) Pty Limited is authorized and regulated by ASIC (AFSL no. 417482) IronFX does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. [Unsubscribe](