Trading news

China hopes to remove European tariffs on EVs
China urges the EU to eliminate tariffs on electric vehicles by July 4. This opens up a potential for EU-China cooperation in advancing clean energy initiatives. If successful, this move will provide greater market access for Chinese EV manufacturers like NIO, Li Auto, and XPeng to the European market.

Oil prices continue to decline
The strong US dollar makes it less profitable for holders of other currencies to invest in oil and other commodities priced in dollars. The geopolitical tensions in the Middle East and new sanctions against Russia are also negatively affecting oil prices.

NFP report on July 5
The new NFP report comes out this Friday. Wait for the report from our analysts and prepare for market action.
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