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Hello everyone, today XM Forex will bring you "[XM Official Website]: Three major events that will happen in the global market this week." Hope this helps you! Original content below:
Market Volatility – Trade headlines triggered wild price swings at the start of the week, and that was just the beginning. Monday is a U.S. bank holiday and a lack of economic data is unlikely to stem market volatility.
1. Rare earths dominate tensions between the world’s largest economies
Quick concessions? U.S. President Donald Trump shocked financial markets on Friday night by threatening to impose 100% tariffs on Chinese imports, which will take effect on November 1. The president is angry about Beijing's recent restrictions on rare earth exports. The atmosphere further soured when China issued tough rhetoric, accusing the United States of violating the recent agreement.
周末时局发生了戏剧性的变化，特朗普和副总统JD-范斯都表示希望与中国达成协议。 The White House has expressed interest in a summit between Chinese President Xi Jinping and Trump.
What happens next? I expect further cooling over the next few days as Trump is very sensitive to market movements. However, the differences between the world's two largest economies have to do with real issues that need to be addressed.
Positive edoyoko.comments will boost stocks, gold and cryptocurrencies, while negative developments are likely to support the US dollar (USD), which has regained its safe-haven status.
2. Congress is under pressure to resolve the government shutdown
No pay – The first batch of U.S. federal workers have been without pay, putting pressure on Democrats and Republicans to resolve the government shutdown that has entered its third week.
Monday is a bank holiday in the United States, which means politicians are away, but negotiations will intensify immediately after the holiday ends. A deal would boost stocks, while ongoing shutdowns support gold and the dollar.
Reopening the GovernmentThe agreement will also allow agencies to release economic data.
3. Powell may provide insights on the ongoing shutdown
Tuesday, GMT 16:20. Federal Reserve (Fed) Chairman Jerome Powell will speak in Philadelphia, and markets will focus on his latest assessment of the economy. Investors expect the Fed to announce another interest rate cut later in October, but without government data, it may be difficult to make edoyoko.comrmed decisions.
Powell’s remarks coincided with the central bank entering a self-imposed “dark period,” making the event even more important.
对美国经济的乐观情绪将提振股票，而悲观情绪将支持避险美元和黄金。
Even if the government shutdown ends, economic data scheduled for release this week is unlikely to be released immediately.
Encouraging developments from the Middle East have captured the world's attention but are unlikely to move markets. The agreement, announced last week, has had little impact.
The above content is all about "[XM Official Website]: Three major events that will happen in the global market this week". It is carefully edoyoko.compiled and edited by the XM foreign exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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