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    Asian equities could take a boost after strong gains seen on US equities

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    USDMYR Technical Analysis

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    Asian equities observe positive start as optimism on Wall Street echoes

    Asian equities could trade with negative bias reflecting caution awaiting Nvidia’s earnings report

    Asian equities could take a boost after strong gains seen on US equities

    Asian equities likely to trade within narrow range following volatile session on Wall Street

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

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    Asian equities could take a boost after strong gains seen on US equities

    Asian equities may trade on the back foot as traders took profits during Wall Street session

    USDMYR Technical Analysis

    USDMYR Technical Analysis

    Asian equities observe positive start as optimism on Wall Street echoes

    Asian equities could trade with negative bias reflecting caution awaiting Nvidia’s earnings report

    Asian equities could take a boost after strong gains seen on US equities

    Asian equities likely to trade within narrow range following volatile session on Wall Street

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

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Home Market News Economy

Investors concerned US-China in no hurry to reach an agreement

Pierre Veyret by Pierre Veyret
July 17, 2019
in Economy, Markets, World
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European shares slipped on Wednesday as investors’ sentiment has been slashed after a resurgence of tensions between Washington and Beijing overnight. Despite a stronger-than-expected US Retail Sales report yesterday, investors are now concerned a trade deal between the US and China is not going to happen anytime soon after President Trump said he could go ahead with further tariffs hike against Beijing. China retaliated almost instantly by appointing a new very hawkish member to its negotiation team, Zhong Shan, and showed signs the government was in no hurry to reach an agreement with the Trump’s administration and would prefer to wait for the 2020 election outcome. This is a very bad news for stock traders who were betting on a trade deal this summer.

However, it will give more space to other bullish leverages on stocks such as the FED’s monetary policy, as Jerome Powell recently confirmed the FOMC committee is still monitoring downside risks to the US Economy and will “act as appropriate” to sustain domestic markets.

Photo by Mika Baumeister.

In Europe, traders are also concerned about the recent turn in the race to become the next UK Prime Minister, as yesterday both candidates said they would be ready to not sign any deal with the European bloc. Boris Johnson also confirmed he would hold early general elections if he becomes the next PM, confirming the state of uncertainty in the UK. Apart from the SMI-20, every other EU benchmark is trading slightly lower this morning. DAX-30 and CAC-40 indices are little changed while the worst performance is being brought by the IBEX-35 in Madrid. The SMI-20 in Geneva is trading towards 9,880.0pts after a successful rebound registered over the 9,720.0 zone recently. Prices will have to clear the 9,900.0pts price level in order to continue the road to 10,000.0 pts.

Tags: CAC-40DAX-30FOMCIBEX-35SMI-20UK electionus economyUS-China Trade War
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Pierre Veyret

Pierre Veyret

While a student, Pierre Veyret had a passion for the financial markets. At the time, he studied International Trade through the setting up of import / export operations and it was the techniques of hedging against exchange rate risks that helped him to make the link with the financial markets, and all especially that of Forex. It is therefore with the aim of anticipating the price of currencies several months in advance that Pierre quickly turned to different methods of analysis by drawing inspiration and surrounding himself with experts in the field. Shortly after, Pierre decided to specialize in Technical Analysis, a discipline he had the opportunity to practice with real market professionals, thanks to AFATE / IFTA, an association of which he has been an active member for several years. Pierre Veyret is passionate about the field of the financial industry with a particular interest in the various techniques of stock market forecasting. Currently, Pierre is based in the City of London where he works as Chief Analyst. He performs regular interventions on a multitude of asset classes through various media (television, internet and print media).

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