TALKING POINTS – YEN, CHINA, VIACOM, TRADE WAR, SHUTDOWN, BREXIT

  • Yen beneficial properties, Aussie and NZ {Dollars} fall as Viacom alerts China exit
  • Dour Chinese language commerce statistics add to proof of commerce warfare injury
  • Brexit uncertainty may compound risk-off temper forward of key vote

The sentiment-geared Australian and New Zealand {Dollars} adopted Asia Pacific shares decrease whereas the anti-risk Japanese Yen outperformed in a dour begin to the worldwide buying and selling week. Information that media large Viacom might divest from China appeared to set off the selloff.

As if that weren’t sufficient, December’s Chinese language commerce information provided additional proof that commerce tensions between Washington and Beijing are hurting financial exercise. Exports plunged 4.Four % on yr, marking the worst lead to two years. Imports sank 7.6 %, the most important drop since July 2016.

TRADE WAR, US SHUTDOWN, BREXIT UNCERTAINTY MENACE MARKETS

Wanting forward, a lull in top-tier financial information circulation opens the door for risk-off dynamics to hold by to European and US commerce. Certainly, the bellwether S&P 500 futures are pointing conspicuously decrease. Proof of continued impasse in talks to finish the US authorities shutdown could compound promoting stress.

Final-minute posturing forward of Tuesday’s Home of Commons vote on the UK authorities’s Brexit withdrawal invoice may spur de-risking additional. Prime Minister Theresa Could will make a last-minute enchantment for the plan, warning that its defeat may compromise withdrawal from the EU altogether.

See our market forecasts to study what is going to drive currencies, commodities and shares in Q1!

ASIA PACIFIC TRADING SESSION

Yen May Extend Rise on Trade War, US Shutdown, Brexit Uncertainty

EUROPEAN TRADING SESSION

Yen May Extend Rise on Trade War, US Shutdown, Brexit Uncertainty

** All instances listed in GMT. See the full economic calendar here.

FX TRADING RESOURCES

— Written by Ilya Spivak, Forex Strategist for DailyFX.com

To contact Ilya, use the feedback part beneath or @IlyaSpivak on Twitter





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