Is U.S. economy slowing down?

According to the released economic indices of the United State last week, they may show the slower economy grows even labor market works maximum. I think the trade tariff may continue pressure the economic growth and world shares because China, EU, Canada and Mexico still cannot finalize the trade negotiation with USA. But China may step up to counter the tariff with domestic stimulus measures.
However, U.S. economic indices may release worse than forecast, U.S. dollar may get the negative factors only for short term because Fed already signaled that rising interest rate 4 times is needed. The way president, Trump conducts policy with other countries may reduce the consumer confidence but increase the worries for investors, businessmen and consumers. While British pound may get stronger buy from the speculation after BoE economist wanted to hike interest rate. GBP/USD may rise above 1.3300 and head up to 1.3400, if greenback gets negative support from economic indices and lower bond yield.
Gold price may hold steady above 1,260 may retest the resistant line at 1,280 dollar supporting by trade tension and new sanction for North Korea. Bitcoin and Altcoin made lowest price in 2018 but their price is still higher than lowest price last year so crypto currencies are alive. I think Crypto-market may need to patient for more acceptation and new regulations.
Economic indices in focus:
• USA: CB Consumer Confidence (Jun) at 21.00 p.m.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade.

Olymp Trade Review