The perfect storm is coming — Market analysis of the global economic instability.
As said, potentially, we could assist to a strong parabolic uptrend if the price crosses the new resistance of $11,800 and only, in that case, we can confirm that bulls will take the reins again.
It now takes 7.0507 yuan to buy a dollar.
The fallout was because China attacked the United States on the foreign exchange markets against Donald Trump’s threat of a new 10% rate on $ 300 billion of Chinese goods starting from September 1st.
At writing time, President Donald Trump has just tweeted as follow.
During the conference he often stressed on the concept that, in his opinion, monetary policy has done a lot to support the euro area and it will continue to do but if the Eurozone continues with this deteriorating outlook, fiscal policy will become very important in the business cycle that is very low since euro area real GDP increased by 0.4%, quarter on quarter, in the first quarter of 2019.
