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    Copper Technical Analysis – Bearish Under $400.00

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    Global equities turn positive as FTSE100 breaks through resistance

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    Asian equities could trade mixed as rising global bond yields and energy prices

    Asian equities could trade mixed as rising global bond yields and energy prices

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    Flash PMIs bring some volatility to the euro and pound crosses

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Home Market News Economy

Trading on hopes, again

Marco Silva by Marco Silva
June 26, 2019
in Economy, Markets, World
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Here we go again, getting pumped on hopes that will hardly materialize. I mean, just because Treasury Secretary Steven Mnuchin said “we were about 90% of the way there (with a deal) and I think there’s a path to complete this”, sentiment in Wall Street turned bullish, even if that is the same kind of talk we have heard before since the trade war began, almost, almost, but never really there in the end.

Time will tell; however, Trump hasn’t changed is rhetoric either, “It’s possible that we’ll make a deal but I’m also very happy where we are now.”, at the same time as he keeps saying China wants a deal, more than he does. The truth is negotiations have stalled and there hasn’t been a single change from China since the last the “breakup”, so unless there is a radical move by either side, the G20 meeting won’t be the pivotal moment in this topic.

Photo by Christie Kim.

Tags: President TrumpSteven MnuchinUS-China Trade War
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Marco Silva

Marco Silva

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.

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