Forex Analysis 2020

Daily Forex Fundamental Analysis 12-09-2019 – MultiBankGroup

Source Forex Market Briefing

• U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington’s objections.

• Friday’s booming U.S. jobs report should give the Federal Reserve all it needs to stick to its plan to not cut interest rates further in the near future.

• U.S. and Mexican negotiators are “very close” to finalizing the United States-Mexico-Canada Agreement, a Washington-based source familiar with the talks said on Saturday, after a top Mexico official said the two sides had made progress on the trade deal.

• A high-level delegation of Chinese and Mexican business and government representatives are scheduled to meet in Mexico City on Tuesday and Wednesday to discuss trade and foreign investment.

• China’s potential economic growth will be below 6% over the next five years, an adviser to China’s central bank said on Saturday. According to a policy advisor the economy could grow between 5% and 6% from 2020 to 2025

• Prime Minister Boris Johnson will travel to the heartlands of Brexit Britain in a final campaign blitz ahead of Thursday’s election, as he seeks to secure the parliamentary majority, he needs to take the country out of the European Union.

• France is ready to go to the World Trade Organization to challenge U.S. President Donald Trump’s threat to put tariffs on champagne and other French goods in a row over a French tax on internet companies.

• USD/CAD fell to 1.1106 as Canadian employment change and unemployment rate was far lower than expectations.

• Gold is trading above $1460, as sharp fall recorded immediately after NFP and unemployment rate were far better than expectations.

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