Weekly economic and financial commentary

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The article provides a summary of the economic and financial events that occurred during the week. In the United States, robust retail sales data, industrial production, and jobless claims indicate a strong economy. Internationally, tension between Israel and Iran continues, and inflation in England is easing. President Biden proposed higher tariffs on Chinese imports, but the effects of tariffs on Chinese-imported goods on U.S. industrial production have been marginal in the past. The article also provides information on trading risks in a fast market and the importance of placing limit orders to limit risk. The EUR/USD and GBP/USD currency pairs gained traction, while gold stabilized. Bitcoin's post-halving rally may be partially priced in, and the upcoming week will see important economic data releases and the Bank of Japan's decision on interest rates.

#EconomicData #RetailSales #IndustrialProduction #JoblessClaims #IsraeliranTensions #Inflation #Tariffs #TradingRisks #CurrencyPairs #Gold #Bitcoin #EconomicCalendar #BankOfJapan

https://www.fxstreet.com/analysis/weekly-economic-and-financial-commentary-202404191739