ZuluTrade Blog

Market View

Market Recap – A potential rebound

Thursday, May 30, 2019 10:52 AM GMT

Yesterday’s 16-minute debate between Trish Regan, the Fox Network anchor woman, and Liu Xin, the Chinese CCTV anchor woman, produced no insights. China intends to comply with multilateral rules which is a polite way to say that they do intend to comply with bilateral US requests. Despite the fact that Chinese economy has the second biggest GDP in the world, they do not intend to abandon their developing nation status. The West regards Chinese economy as being “State Capitalism”. On the other hand, the Chinese believe that they are having a “Socialist Economy with Chinese characteristics”.

The Bank of Canada has not changed its outlook at yesterday’s monetary meeting. They kept rates unchanged, they noted the fact that the CUSMA deal (the one that revised the NAFTA deal) is getting ratified, they noted that the tariffs on Canadian steel and aluminum have been lifted and were confident that in the second half of 2019 the GDP will pick up. The market consensus is that there will be no monetary policy change until the general elections of October.

During the yesterday’s US session, the US equities, EUR, AUD, CAD, NZD and the futures of the European & Japanese equities started rebounding.

Macro releases: Earlier today the Australian macro releases disappointed. Later today the focus will be on the preliminary release of the US GDP q/q and US Crude oil inventories. Germany and France are having a bank holiday.



The views expressed do not constitute investment or any other advice /recommendation /suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of Zulutrade and do not constitute an offer or invitation to anyone to invest or trade.

Comments are closed

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. Forex Brokers and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread. Signing up is totally free, and there is NO contract and NO monthly fees, ever.

This blog is for informational purposes only. This blog is not intended for distribution channels and may not be reproduced or distributed without the permission of Zulu Trade ltd or any of its affiliated entities (“ZuluTrade”). All opinions, news, prices or other information contained in this blog are provided as general market commentary and this report does not contain and it is in not to be considered in any circumstance as market analysis, offer or solicitation to buy or sell any financial instruments, personalized or general recommendation for any investment decision or investment strategy by ZuluTrade, in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The information contained in this blog should not be construed as financial or investment advice on any subject matter. The financial instruments referred to herein may not be suitable for all investors and any investments on such financial instruments requires the assessment by each investor and its counsels of the investor’s investment characteristics, including the investment risks which the latter is willing to assume. This blog has been based on information which has been made public, obtained from sources believed to be reliable, but it has not been verified by ZuluTrade. No representation or warranty (expressed or implied) is made as to the accuracy, completeness, correctness, timeliness or fairness of the information or opinions herein, all of which are subject to change without notice. No responsibility of liability whatsoever of howsoever arising is accepted in relation to the contents hereof by ZuluTrade or any of its directors, officers, employees. Further, no representation is being made that any results will be achieved, and past performance is not indicative of future performance.