Trump Upsets The Market, Risk-Off Back In Vogue | Crypto Craft

  • Trump Upsets The Market, Risk-Off Back In Vogue

    From globalprime.com.au

    There has been a shift in G8 FX flows as Trump triggered a major sell-off in both stocks and bond yields, with the impact of these fluctuations this time reverberating into the currency market, as the Yen and Swissy were bought up as the market flocks back into the protective and safe-haven nature of these assets at times of uncertainty. The remarks by Trump, stating that "it might be better for the trade deal with China to be done after the US election", which is a year away, if true, should radically change what the market had been pricing up to this point, which was some type of positive resolution around the ... (full story)

Comment Options
GlobalPrime
Dec 3, 2019 10:41pm
Permalink
Hi there, it's Ivan, the author of the report. The news is definitely bullish for the gold price as market makers have removed liquidity amid the uncertainty and a reshuffling of portfolios back into safe havens is dominating proceedings at this stage. Next week will be key as a binary outcome. Will the US keep the Dec 15 tariffs on the remaining of Chinese goods in place or will they budge? Gold's reaction is telling us, the market is starting to see the glass not as full as it had anticipated... If you'd like further thoughts on my weekly outcome, you can always check out my YouTube livestream shows where I go at length analyzing G8 FX flows + education. https://www.youtube.com/watch?v=o5vlTqBgvEE&t=4408s
Reply
Trader#C5B2
Dec 3, 2019 9:52pm
Permalink
What is the impact of news on bullion
Reply
  • Story Stats