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Phase One set to be signed but is it “buy on rumour, sell on fact”?
After months of discussion, today is set to be the day where “phase one” of a US/China trade agreement is signed. Effectively this draws a line under any further escalation in the trade dispute between the world’s two superpower economies. However, US Treasury Secretary Steve Mnuchin notes that existing tariffs will remain in force at least until the signing of a second phase of the agreement. There is much for both sides to work on. There is a fear therefore that markets have priced in all the good news on this part of the deal and that in the coming days there is a “buy on rumour, sell on fact” reaction ... (full story)
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- Jan 15, 2020 4:01am Jan 15, 2020 4:01am
- TraderGER
- | Joined Jul 2012 | Status: Member | 178 Comments
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- Jan 15, 2020 6:47am Jan 15, 2020 6:47am
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- rafat habeb
- Joined Nov 2008 | Status: Swinging 2022 and scalping | 412 Comments
Let me fill my acount wallet then will take Ur advice