Commercial dispute burdened – this is important for investors this week
A notice: Possible currency fluctuations can affect the return.
A notice: Earlier value developments or simulations are not a reliable indicator of future performance.
Ethereum course: Commercial dispute burdened – this is important for investors this week
After announcing new tariffs by US President Donald Trump Ether In the meantime, at the beginning of the week under the $ 2,500 mark.
The new tensions in the commercial dispute obviously represent a welcome opportunity to take a deep breath and partially to enclose profits. The customs conflict thus continues to float like a sword of Damocles over the heads of the investors. Investors are now becoming increasingly clear that the trade dispute is anything but enclosed and the next escalation level could be ignited at any time.
Trump announces doubling the import duties to aluminum and steel imports
Donald Trump has again caused a sensation in the smoldering trade dispute and thus heated the minds. In the customs conflict, the United States now want to demand 50 percent tariffs on imported aluminum and steel goods in the USA from 4 June and thus doubles as much than before.
ISM data, ECB session and NFPS this week in focus
From the perspective of the economic calendar, the ISM PMI index for the processing industry is still exciting this afternoon (4:00 p.m.).
In addition to the key interest decision of the European Central Bank (ECB) on Thursday (2:15 p.m.), investors should tap the press conference with President Christine Lagarde for monetary policy information.
The European currency authority could once again turn down the notorious interest screws and adapt the deposit rate by 25 basis points to a range of 2.0 percent.
Last but not least, fresh US work market data (non-farm Payerrolls) could also send monetary policy impulses. Said data will be expected on Friday for 2:30 p.m. Economists are currently expecting a job plus outside of agriculture of 130,000 units after a total of 177,000 new jobs could be created in April.
The unemployment rate is estimated to stay at 4.2 percent and therefore unchanged compared to the previous month.
How to deal with the ether course with IG
Do you want to act the ether course? Open a Live– or Demo account at IG and buy (long) or sell (short) you use the ether using derivatives such as CFDs in a few simple steps:
1. Create an IG trading account or log into your existing account.
2. Enter “Ether” in the search bar and select this.
3. Select your position size.
4. Click buy or sell order ticket.
5. Confirm the order.
