May 292020

Tonight (no specific time), President Trump will be holding a presser specifically to address China issues. He will most likely show a hard stance on China especially now that US elections is just around the corner. The American people and even the whole world is looking at how he will treat China on Covid-19. A hard stance is the only way to prove how serious he is.

The market will most likely react negatively on this. If safe havens rise and close high, we might see a continuation to next week. Nevertheless any rise in safe haven will be a chance to get on risky assets at good bargain levels.

Trader H

TraderH is a foreign currencies trader and a former Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.