It isn't a trade deal yet, but initial market reaction has been acting like it is
China needs the deal for economic reasons, while at this stage the US needs it for political ones. They both may never get a comprehensive one.
15 Oct 2019 - OpinionMonte Safieddine is a market analyst at IG Dubai. He has spent nearly a decade in the FX industry and has held roles within financial firms that have included risk, analysis, statistics, and trading. Safieddine holds a Masters in Economics from Wayne State University where he completed multiple PhD-level fields and taught undergraduate students. He provides commentary on financial markets, including FX, cryptocurrencies and commodities, and publishes IG’s Daily Market Report and Weekly Market Report.
Website: https://www.ig.com/ae
China needs the deal for economic reasons, while at this stage the US needs it for political ones. They both may never get a comprehensive one.
15 Oct 2019 - OpinionAs it stands, US oil producers suffer from higher costs of oil extraction but enjoy geopolitical stability, while Middle Eastern producers have some of the lowest production costs but suffer a lack thereof
23 Sep 2019 - OpinionNegative-yielding bonds, contracting PMIs, overpriced shares, and a possible recession on the horizon leave plenty holding their breath to see if the ECB lives up to easing expectations
09 Sep 2019 - Opinion'Strategic competitors' locked into worsening trade war that's dragging down global equities and forcing investors into safe haven products
26 Aug 2019 - OpinionImpact of US tariffs on the remaining $300 billion worth of Chinese imports will force the Fed into further easing and US companies into a tight corner
05 Aug 2019 - OpinionShare prices are responding opposite to economic data as investors hope for monetary easing
08 Jul 2019 - OpinionBitcoin's price relatively outperforms as altcoins fail to play catch up.
27 Jun 2019 - Opinion