SPY - DAY TRADE
Hi, today we are going to talk about SPY and its current landscape.
Today's market faces a reality check, as the sealed partial trade deal of last Friday doesn't seem to be that closed anymore as China spokes now that want more talks before signing anything, seeking that not only Oct.15 tariff rounds to back off but the Dec. Round too, also during the weekend, Chinese media characterized the talks an agreement to join efforts to find a solution and not the solid deal that Trump has been bragged. On top of that, President Xi Jinping stated today that it would strictly protect China's intellectual property interests, a puzzle, and a controversial part of the Trade deal.
This China movement throws cold water in the market optimism that a deal would be performed on this side of the election run, and now sparking concernings of a further escalation of the aggressions, since if both parts feel comfortable to act in this way, it's a sign that both nations are feeling in the upper hand of the negotiation, something that has held the talks basically on the same state that 18 months ago until now and nothing signs for a change for now.
Since even the touted deal of last week that propelled the market to higher levels, still unclear and only verbal with any concrete progress, the bitter reality its that a setback on negotiations is more likely now than ever, analogous to the May talks breakdown.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today, for more exclusive content!
Link bellow!
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
Today's market faces a reality check, as the sealed partial trade deal of last Friday doesn't seem to be that closed anymore as China spokes now that want more talks before signing anything, seeking that not only Oct.15 tariff rounds to back off but the Dec. Round too, also during the weekend, Chinese media characterized the talks an agreement to join efforts to find a solution and not the solid deal that Trump has been bragged. On top of that, President Xi Jinping stated today that it would strictly protect China's intellectual property interests, a puzzle, and a controversial part of the Trade deal.
This China movement throws cold water in the market optimism that a deal would be performed on this side of the election run, and now sparking concernings of a further escalation of the aggressions, since if both parts feel comfortable to act in this way, it's a sign that both nations are feeling in the upper hand of the negotiation, something that has held the talks basically on the same state that 18 months ago until now and nothing signs for a change for now.
Since even the touted deal of last week that propelled the market to higher levels, still unclear and only verbal with any concrete progress, the bitter reality its that a setback on negotiations is more likely now than ever, analogous to the May talks breakdown.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today, for more exclusive content!
Link bellow!
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.