Will China be hit with a third round of tariffs? ~ Indicators schedule and points of interest for September 17 ~

◎ Today’s Economic Indicator Schedule

9/17 (Monday)

Tokyo market closed

16:00　TRY　Quarterly Unemployment Rate
18:00　EUR　European CPI (Consumer Price Index)
19:15　EURPratt ECB Executive Board Member Speech

9/18 (Tuesday)

10:30　AUD　Housing Price Index
10:30　AUDMonetary Policy Meeting Minutes

◎ Today’s Highlights

1)Imposition of Additional Tariffs on China

TodayThere is a prospect that additional tariffs on China will be imposed on the 17th. The third round of additional tariffs is expected to be about $2 trillion. Furthermore, there are statements that the US is preparing a fourth round of tariffs totaling $2.56 trillion. Will the US impose tariffs? China’s response or retaliatory measures are in focus.

2)Minutes of the Monetary Policy Meeting

Tariffs on China are notable, but last week's strong employment data in Australia. Tomorrowthe Minutes of the Monetary Policy Meeting will be released.For AUD, which has been falling, this is a material point of interest.

3)NAFTA Renegotiation

Between Canada and the US,Is there progress in renegotiating NAFTA?Also,how will Mexico respond!?Attention is focused. Canada has been saying a little longer that an agreement is possible, but it has been delayed for more than two weeks without reaching an agreement. Mexico is aiming to reach an agreement promptly, while waiting on Canada.Recently, there have been statements about possibly a bilateral agreement between the US and Mexico without Canada...Pay attention to the NAFTA renegotiation headlines.

Compared with last week, which had many big events, this week seems to have many small events.

On Monday at the start of the week, the Tokyo market is closed, and thin trading is expected. I would like to trade cautiously at the beginning of the week.

◎ Positions and Strategy

AUD/USD ShortPosition is held.

GBP/JPY LongPosition is held.

GBP/JPY should be kept tight on stops, with steady profits taking little by little.

Basically,At the beginning of the weekI would rather observe carefully than actively trade.I think so.

◎ Recording Room

We record currency strength graphs, stock prices, long-term interest rates, and remarks by leaders.

↓↓↓ For September 7, please refer to the following. ↓↓↓

Recording Room of September 14, 2018 – Leader Remarks and Long-Term Interest Rates