Hi, today we are going to talk about the current landscape of the U.S markets.
After a busy day in D.C with the day one of the public hearings of the impeachment; the Jerome Powell testimony on the congress; the meeting between U.S President Donald Trump and the Turkish President Erdogan, that had the purpose of discussing the ongoing offensive of Turkey on the Northen Syria and the so much waited decision over whether will impose auto tariffs on European or will delay the decision. Despite all those sensitive events that could shock the economy in a few hour's time, the curveball came from the most commonplace, the Trade Deal negotiations, and even so caught the market once more off guard.
The market erased its gains today after the reporting that Trade Talks hit a snag, as China stepped back on its decision over its willing to buy U.S agricultural goods, a key factor for the concretization of this "phase one " deal, scheduled (until now) to be signed in December. We must remember that yesterday, during his speech Trump highlighted that if the deal doesn't get it done, the U.S will increase its tariffs over Chinese products, which means that we might have gone from a trade deal hope to another fresh new round of tariffs, something broadly distressingly for the U.S markets, already deeply flagellated for past tariffs. Now it's only let us remain attentive to the next events that will come from this news.
Thank you for reading and leave your comments if you like.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
After a busy day in D.C with the day one of the public hearings of the impeachment; the Jerome Powell testimony on the congress; the meeting between U.S President Donald Trump and the Turkish President Erdogan, that had the purpose of discussing the ongoing offensive of Turkey on the Northen Syria and the so much waited decision over whether will impose auto tariffs on European or will delay the decision. Despite all those sensitive events that could shock the economy in a few hour's time, the curveball came from the most commonplace, the Trade Deal negotiations, and even so caught the market once more off guard.
The market erased its gains today after the reporting that Trade Talks hit a snag, as China stepped back on its decision over its willing to buy U.S agricultural goods, a key factor for the concretization of this "phase one " deal, scheduled (until now) to be signed in December. We must remember that yesterday, during his speech Trump highlighted that if the deal doesn't get it done, the U.S will increase its tariffs over Chinese products, which means that we might have gone from a trade deal hope to another fresh new round of tariffs, something broadly distressingly for the U.S markets, already deeply flagellated for past tariffs. Now it's only let us remain attentive to the next events that will come from this news.
Thank you for reading and leave your comments if you like.
To have access to our exclusive contents, join the Traders Heaven today! Link Below.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.