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In this piece, we argue that there is a high probability that the EU will increase the tariff on Chinese electric cars, but there are also good arguments why that might not lead to a large-scale trade war. The EU Commission has rung alarm bells over a doubling of the EU-China trade deficit over the […]

The post Buckle Up for EU-China Trade Tensions appeared first on Action Forex.

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02/07/2024

Economic Calendar Today Features June European Inflation Reading

Markets The relief rally in the wake of the first round in the French elections shifted in lower gear as the session went. It dawned that an RN absolute majority remains a possibility after next Sunday. This evening we’ll know more about how Macron’s centrists and the far-left seek to prevent that from happening by […]
19/07/2024

ECB Meeting Non-Event from Market Point of View

Markets The ECB kept its policy rates unchanged yesterday with President Lagarde saying that the outcome of the September meeting is “wide open”. The only sure thing is that they’ll lower the spread between the deposit rate and the main refinancing rate from currently 50 bps to 15 bps, as announced in March. Apart from […]
01/06/2024

The Weekly Bottom Line: Bank of Canada in Focus

U.S. Highlights Revisions to economic growth in the first quarter featured a mark down to consumer spending. That theme continued in April, where a contraction in real personal consumption expenditures came as a confirmation that restrictive rates are working. Inflation also took another step in the right direction. But sticky services inflation still has room […]