Global Tensions Are Rising Again

Global Tensions Are Rising Again

The tension between U.S and China increase again. President Donald Trump said last week that he doesn't want to talk to Chinese President Xi Jinping right now.

He added that the U.S would "save $500 billion" if we "cut off the whole relationship" with China.

The rapid change in relations between the world's two largest economies may have a significant impact on the stock market and commodities. If tensions rise, Apple and Alibaba could be impacted strongly. Alibaba is scheduled to report earnings this week on the 20th.

Escalation of the tensions between U.S and China and rise in infection cases might put downside pressure on the stock market and oil prices. On the other hand, good news about antiviral drugs or vaccines and reopening could cause a massive move to new highs in stocks and oil.

These charts and the opinions above are for educational and informational purposes only. Technical analysis does not guarantee full accuracy and it could be subject to revision over time. We do not have any liability regarding financial results based on the use of this information.

Global Tensions Are Rising Again
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