Gmo Trading

From the very beginning of his presidency, Trump complained about the strength of the dollar and that the main US trading partners are "robbing" Americans, gaining competitive advantages through artificially weakening their currencies. These accusations were made against Japan, and against Germany, and especially against China. Since the beginning of the tariff war with China, Trump has been relentlessly increasing criticism of the Fed, scaring the market with a currency war. By the way, while there is a tariff war with China, the US trade deficit with China is growing. China's response is effectively reducing US imports to China, but Trump's tariffs, as practice shows, can't effectively block Chinese imports to the United States. Chinese goods remain competitive in any event. Moreover, Chinese manufacturers bypass tariff barriers through third countries. This situation gave rise to the expectation of an aggressive Fed rate cut to weaken the dollar. Whe...

Most of the Asian stock indices rose on Monday to news of a truce between China and the United States The United States has postponed the imposition of sanctions on Chinese imports by $ 325 billion, China has promised to increase purchases of food in the United States, and the Chinese corporation Huawei has been able to partially purchase components from American suppliers. Countries have not yet resolved the main differences. Among them is the protection of intellectual property. Against the background of positive news, indices went up. The Chinese Shanghai Composite added 1.88%, the Japanese Nikkei 225 up 1.95%. The most significant growth was in the technology sector companies. After the G20 summit, the next event that will affect the stock exchange will be the two-day OPEC conference in Vienna, which will take place today. The key issue of the meeting will be an agreement of exporting countries on restrictions on the extraction of raw materials. In the case ...

US chip makers Qualcomm, Intel and Xilinx are lobbying for the US Department of Commerce to relax the ban on working with the Chinese company Huawei. Reported by Reuters. Three of these companies were directly affected by the blacklisting of Huawei in the United States, since they supplied microchips to the electronics manufacturer. The Commerce Department announced the decision to blacklist Huawei in mid-May. This meant that working with a Chinese corporation and several dozen associated legal entities of a US company can only with the express permission of the US government. Such a move in Washington was explained by the fact that working with Huawei is a threat to the national interests of the country and its security. In 2018, Huawei purchased parts for $70 billion from partners. Of these, $11 billion relates to purchases from American companies, including chip manufacturers. Shares of chip manufacturers began to decline in April-May, when the US government on...

Google has suspended the provision of services and technical support for Chinese Huawei. The reason was the decision of the United States to add Huawei to the list of companies for which deliveries from the United States can be made only on the basis of special licenses. Huawei, which is the world's second largest smartphone maker, uses Google’s Android operating system. Last year, the Chinese company delivered 200 million smartphones to the market. Android is publicly available software, but Huawei will no longer be able to receive the various services provided by Google’s partners themselves. In the production of equipment, Huawei is also widely used by American semiconductors manufactured by Qualcomm, Intel and Broadcom. The total volume of purchases by the Chinese company of components in the USA is $ 11billion. However, it was the shares of American companies that went down. Alphabet (Google owner) lost 1.3% in price. Broadcom - 2,5%; Intel - 2.96; Qualcomm...

Major US stock indexes responded by falling to the decision of the Chinese authorities to increase duties on several thousand types of goods imported from the United States. After the opening of trading on May 13, the value of the Dow Jones Industrial Average (DJIA), S & P 500 and NASDAQ Composite indices fell by more than 2%. At the peak of the fall, the value of the DJIA index fell below 25,400 points, which was the lowest value since mid-March 2019. Compared with the previous closing DJIA lost more than 500 points. At the same time, all 30 companies taken into account when calculating the index were in the red zone. The S & P 500 and NASDAQ Composite indices also showed a strong decline, while the NASDAQ value fell by more than 3%, which, according to MarketWatch, was the worst figure since December 21, 2018. Prior to the opening of trading on the US exchanges, the Ministry of Finance of the People's Republic of China announced the introduction of higher ...

Low demand for new iPhones had triggered desperate moves by Tim Cook, the company has decided to decrease its smartphones` prices for the first time in many years. But this statement applies only to the Chinese market.  According to the National Business Daily, the American company has cut the purchase price of new iPhones for several Chinese adulterized resellers concurrently. In other words, it means that local users will be able to buy novelties at a low cost.  Apple placed their hope in Chinese users and Tim Cook had mentioned it before more than once. Even though the company has never cut the value of its new phone models, it seems sales indicators have changed a company`s strategy.  In accordance with the National Business Daily publication, the depreciation of value touched a few models like iPhone 8, iPhone 8 Plus, iPhone XR, iPhone XS, and iPhone XS Max.   iPhone XS Max, by the way, has dropped most of all by $66, other iPhones have become ...