Tides May Turn for USDCNH
Just minutes ago, Reuters reported that Lightheizer and Mnuchin are going to Bejing for talks. However, trade war detente is now not on the table until June. Trump threatens to keep tariffs on if China won't hold up their end of the deal on intellectual property. Honestly its not looking good. It is difficult to tell if this trend will continue to go negative and if Trump holds an all out assault in the trade war against everyone and anyone he can get his hands on. This may be the world we live in by the end of 2019. Who knows. But clearly, the talks are no longer going as well as we once thought and also let's keep in mind how Trump walked away from Kim Jong Un in Hanoi. This is what we are trending towards now which would be quite detrimental to markets in spite of Trump's desire for a deal which is quite strong and in spite of his sensitivity towards the stock markets which we also know he is quite sensitive to as well. However in the end, in order for these negotiations to go well Trump needs at least the idea that he can create a positive message at the end.
That's the fundie picture. I'll much more briefly talk technicals. Overall, we are trending towards oversold with the USD even though the momentum is still trending in that direction. If you like my analysis, read some more words and check out some more charts here: anthonylaurence.wordpress.com
That's the fundie picture. I'll much more briefly talk technicals. Overall, we are trending towards oversold with the USD even though the momentum is still trending in that direction. If you like my analysis, read some more words and check out some more charts here: anthonylaurence.wordpress.com
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