Apart from the social unrest in Hong Kong and the political uncertainty regarding who will be the next president in Argentina, investors have gotten some more bad news today. From Germany investor sentiment tanked way more than expected, which does not paint a nice picture of the performance of the euro area biggest economy in the present quarter, especially after the contraction predicted for the second quarter.
Photo by Alex Bierwagen.
In whichever way you look at it, things are not looking good for the Bulls in the coming weeks. The FED may not even be the salvation, given that the consumer price index rose more than anticipated, reducing the central bank room to cut rates faster, even with Trump’s demand.
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.