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Market Recap – Boris Johnson Proposal

Wednesday, October 2, 2019 10:41 AM GMT

Boris Johnson debates on his proposed Brexit deal with the EU. If he fails to reach a deal, he is obliged, by the law that has been voted in the UK Parliament, to ask for an extension of the Brexit deadline no later than October 19.

As China is celebrating its Golden Week, protests in Hong Kong have been decreasing in size and turning more intense and violent. The use of real bullets to warn protesters, was a police  tactic that has been used from the beginning of the crisis. Yesterday, it was the first time that a protester was shot on the chest.

Yesterday’s US manufacturing PMI release scared financial markets, sent USD lower, and strengthened safe haven assets like gold, JPY and CHF

Macro releases: Other than the US crude oil inventories that are generally moving oil, CAD and NOK, no other potentially market moving release is expected today. Full economic calendar is here.

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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 Social Trading Platform and do not constitute an offer or invitation to anyone to invest or trade.

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