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28 Nov 2018

China's Vice Premier Liu: No country can win a trade war

Reuters reports the recent comments delivered by China’s Vice Premier Liu He on protectionism at an economic conference held in Hamburg on Tuesday.

Key Quotes:

“We believe that protectionist and unilateral approaches do not offer solutions to problems on trade. On the contrary, they will only bring about more economic uncertainty to the world.”

“The history of economic development has proven time and again that raising tariffs will only lead to economic recession and no one ever emerged as a winner from a trade war. Our approach, therefore, is to seek a negotiated solution to the problems we have on the basis of equality and mutual respect.”

Note that the US President Trump is scheduled to hold trade talks with Chinese President Xi Jinping on the sidelines a G20 summit in Buenos Aires this week.

Nov 28, 2018

Iron-ore seen between $ 60-70/ t range – Goldman Sachs

Analysts at the US investment banking giant, Goldman Sachs, offer their view on iron-ore prices, given the recent slump. Iron-ore futures on Dalian w

NZD/USD Technical Analysis: Bounce off bullish 20-day MA, but the falling channel still intact

The ascending 20-day moving average (MA) put a floor under the kiwi dollar yesterday, the outlook, however, would turn bullish only if the pair manage