 The new round of tariffs on China's imports to the US was finally formalized. Dollar got a brief lift but there was no further buying. The impacts on the markets quick faded and what's next will depend on China's counter-measures, which were already spelled out long ago. In the currency markets, major pairs and crosses are bounded yesterday's range at the time of writing. Yen is notably the weaker one while Australian Dollar and New Zealand Dollar are the strongest ones. Asian stocks are pretty calm in reaction to the trade war escalation. Indeed, at the time of writing, Nikkei is trading up over 1.5%, with solid buying throughout the day. Hong Kong HSI is down -0.74% while Singapore Strait Times is down -0.58%. China Shanghai SSE is down just -0.12% at 2648.5. Key support level at 2638 (2016 low) is still safe, even though it's vulnerable. Gold lost 1200 again but is holding firm in range of 1187.58/1214.30 and maintains near term bullishness. USD/CNH (offshore Yuan) edged higher to 6.8930 earlier today but there is no follow through buying to push it through 6.8959 minor resistance yet. Technically, GBP/USD and GBP/JPY are extending recent rally while USD/CHF is also extending recent fall. Euro is still in range in EUR/USD and EUR/JPY. Respective levels at 1.1733 and 131.00 need to be taken out to indicate rise resumption. AUD/USD, USD/CAD and USD/JPY are stuck in familiar range. | 
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