Just like a wakeup call, developments around the world reminded investors, already skittish due to the trade war, that there are a few other dangers to markets than the U.S.-China conundrum.
In Hong Kong, the ticking time bomb from civil unrest got a little closer to the end of the countdown, as authorities cracked down on protesters. From Argentina, a major south America economy, the presidential election draw fears from investors, worried that the country might default on its debt, sending the peso down 15%. Once more this holiday season, safe havens are the prized assets to look for. From 0.5% gain of Yen to the U.S. and European debt, the message is clear: for now, the risk is off. But it doesn’t necessarily mean a full correction is on the way.
Photo by Lai Man Nung.
Marco Silva is a Financial Market Specialist with 20 years of experience, with transactions in 12 different countries, involving numerous financial instruments, Specialist in Technical Analysis, Capital Manager, Investment Advisor, Financial Hedging Operations and Algorithm trading developer. Economic Commentator TV and RTP Information for the Financial Markets, Responsible for the Department of Economy / Markets of TVL.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.