Trade Wars, US-China Relationship, EU-US Trade Relations Talking Points: US-led trade wars with China and the EU likely to continue under Trump administration Multi-layered geopolitical issues not pertaining to trade may spill into trade discussions Biden administration may ease tensions with EU but less incentive to relieve China pressure Donald Trump Becomes President Doubling Down
A miss for the data from China, a rare occurrence. China Q3 GDP +2.7% q/q +4.9% y/yAlso out at the same time, ‘activity data for September, which is much better.  Industrial Production 6.9% y/y, helped along by improving exports.  Industrial Production YTD 1.2% y/y Fixed Assets (excluding rural) YTD +0.8% y/y Retail Sales +3.3% y/y, indicative
The Australian Dollar was the worst performing major currency last week. AUD price action weakened sharply in response to increasingly dovish rhetoric from the Reserve Bank of Australia. Reports that China has suspended coal imports from their Australian neighbors likely contributed to the move lower by the pro-risk Aussie against top safe-haven currencies like the
Chart created with TradingView Fundamental Euro Forecast: Bearish Countries across Europe are reporting a resurgence in Covid-19 infections after a brief lull, although that could be due simply to increased testing. If confirmed, the European economy may not outperform the US in the way previously expected, and that could damage EUR/USD, particularly if pessimism about
Bitcoin Cash takes a hiatus after a gruesome Friday; declines may resume according to multiple technical indicators. The least resistance path remains downwards as long as the immense hurdle between $250 and $256 is intact. Bitcoin Cash bearish outlook started to materialize on Friday following widespread declines. The crypto market’s selloff was attributed to the
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DOW JONES, NIKKEI 225 INDEX OUTLOOK: Dow Jones rebounded amid reignited US stimulus hopes, weaker-than-expected jobs report The US Dollar climbed to one week high. US retail sales, Michigan consumer sentiment in focus Japan’s Nikkei 225 index edged lower, Singapore’s NODX fell short of expectations. Advertisement Dow Jones Index Outlook: The Dow Jones Industrial Average
As per Fidelity Digital Assets, portfolios with larger BTC amounts tend to outperform those with lower amounts. Bitcoin whales are selling off their holdings, which could be a worrying sign. Fidelity Digital Assets (FDA) released an October 2020 report titled “Bitcoin Investment Thesis.” In the report, the investment firm specified Bitcoin’s importance as an uncorrelated
Canadain media reporting on comments from China’s ambassador to Canada He urged the Canadian government to stop granting asylum to democracy activists from Hong Kong warned that accepting these people could jeopardize the “health and safety” of 300,000 Canadians who live in HK  Asked if he was issuing a threat, envoy Cong Peiwu replied: “That
Filecoin had one of the most successful launches, positioning itself 23rd by market capitalization on the first day of trading. The project is a decentralized storage network and data retrieval method. Filecoin is one of the most successful cryptocurrency projects. On October 14, the mainnet went live after three years of work. The project was