US Trade War continue

Donald Trump, US president, was pleased and said on Saturday that “things are going along very well with China”.

This was odd, given his previous threat to days before that to increase taxes on Chinese imports, worth hundreds of billions of dollars. which sent global stock markets tumbling. 

The Chinese government, in response had asked its state-owned enterprises to suspend imports of U.S. agricultural products.

This situation suggests to sell the Dow Jones (US30) and aim for target at 25750.  

here is the chart:

Update 06.08.2019:

The Trump administration formally labeled China a currency manipulator in the latest escalation of the trade war between Washington and Beijing. But in an encouraging sign, China took steps to slow the yuan’s descent after Wall Street analysts said it had taken its retaliation up to 11 by letting the yuan tumble to the weakest level in more than a decade and asking state-owned companies to suspend imports of U.S. agricultural products.

We’re happy to inform you that our recommendation from yesterday hit the target. We hope you’ve caught this 370 pips movement. Don’t say you didn’t know!