Market Updates: Trump may Sign Deal with Chinese President Xi Jinping
The U.S. President Donald Trump said that he may soon sign a deal to end a trade war with Chinese President Xi Jinping if their countries...
Arslan Butt•Tuesday, February 26, 2019•1 min read
The US President Donald Trump said that he may soon sign a deal to end the trade war with Chinese President Xi Jinping if their countries can bridge remaining differences. He repeated, the negotiators were “very, very close” to a deal.
Still, the tariffs on $200 billion worth of Chinese imports had been set to rise to 25% from the current 10% if no deal was reached by Friday.
Potential Impact:
Dollar – Weaker
Stock Market – Stronger
Gold – Weaker (over risk-on sentiment)
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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