ZuluTrade Blog

Market View

Market Recap – Getting Back Into the Groove

Monday, August 19, 2019 10:19 AM GMT

On the one hand, US economy is showing resilience, on the other hand, the most widely watched alarm for a recession, the spread between 10year and 2 year US government bonds, has been triggered. The month has started with Trump announcing a new round of tariffs to be imposed starting from September 1st. Yet, on the third week of August, most of the announced new tariffs are being postponed for December, new face-to-face negotiations are being scheduled, and Huawei is given another 90 days approval to continue its supplies from the USA.

The most important event of the running week will probably be the upcoming Jackson Hall summit of the Central Bankers that begins on Thursday.

Meanwhile, the UK continues living its drama with leaked sensitive documents revealing that the Boris Johnson’s government expects a no deal Brexit and Italy is experiencing Matteo Salvini’s attempts to pull the plug on his own coalition government.

Macro releases: So far, August included promising macro releases from the USA and worrisome macro releases from China and the EU. Today, the European inflation is being released.


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