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On September 9th, local time, the U.S. Southern Command announced that on the 8th, the Joint Task Force for the Western Hemisphere (JTF-WHEM) intercepted a floating refueling station in the eastern Pacific Ocean that day, which was supporting illegal drug trafficking activities at sea. Intelligence confirmed that the vessel was linked to the Ecuadorian drug trafficking terrorist organization "Los Choneros". The personnel taken from the ship have been handed over to Ecuadorian authorities. After inspecting the vessel and disembarking the crew, the U.S. military sank the ship.On September 9th, Colombian President Eduardo de la Espley met with visiting US Secretary of State Marco Rubio in the northern coastal city of Barranquilla on the 8th. Following the meeting, de la Espley stated that Colombia and the US would strengthen cooperation in areas such as regional security, drug control, border affairs, and investment and development. Colombian Senator Iván Cepeda issued a statement via social media opposing Rubios visit and questioning whether certain arrangements reached between the de la Espley government and the US in security and military fields infringed upon Colombian national sovereignty. Cepeda also criticized the US-led drug control policy, arguing that the so-called "war on drugs," which has lasted nearly 50 years, has failed to fundamentally solve the drug problem.Xi Jinping sent a congratulatory message to North Korean leader Kim Jong Un on the 78th anniversary of the founding of the DPRK.On September 9th, according to Axios, US President Trump announced that the US will ban imports of Canadian alcohol, certain dairy products, and large motorcycles; this move marks a sharp escalation in the trade war, primarily driven by tariffs. These import bans will take effect on September 29th; unlike simply raising tariffs and causing price increases, the bans effectively cut off the access of the relevant Canadian goods to the US market. Trump is implementing these bans under Section 338 of the Tariff Act of 1930; this section authorizes the president to prohibit imports of goods from countries that maintain or exacerbate discriminatory practices against US commerce. The White House also announced on Tuesday that it will extend the existing 50% tariff measures to dozens of additional Canadian products—including certain steel and aluminum products, furniture, and paper—effective September 15th.Japans broad money supply liquidity rate was 4.4% year-on-year in August, unchanged from the previous month.

Thought Leadership

Trading forex is strictly bound to economics. This kind of business is not about spontaneous decisions W but is a thoughtful and deliberate process. Each forex trader strives to develop a personal forex strategy or just choose one of those that have already proven their efficiency.

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