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President Trump formally announces beginning of process to terminate Hong Kong's special treatment status. Announces US will terminate relationship with the World Health Organization.

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  • "US Dollar, Nasdaq, Chinese Yuan React to Trump-China Presser" -via @DailyFX President Trump formally announces the United States will revoke Hong Kong’s preferential treatment amid escalating China tension. Where might $USD, $NDX, $CNH head next? Link: https://www.dailyfx.com/forex/market_alert/2020/05/29/usd-cnh-ndx-price-us-dollar-chinese-yuan-nasdaq-china-tension-trump-press-conference.html
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  • Even the Hong Kong Dollar is up after that press conference...
  • Eminis treating that press conference like 'that was it?' Market seemed to have fully accounted for the HK special status situation
  • Trump: - Hong Kong is no longer sufficiently autonomous - Beginning the process to eliminate special treatments given to Hong Kong $SPX
  • Trump: - Taking action to protect the U.S. financial system and directing working group to study the differing practices of Chinese companies listed on U.S. exchanges $DXY $NDX
  • President Trump is listing out his accusations for China. Normally, would consider this lead up to sanctions, but he doesn't always follow that playbook
  • President Trump says investment firms should not be subjecting their clients to investing in Chinese companies that do not play by the same rules $FXI
Live Event: FOMC Decision Will Help Decide USD Trend if Not Volatility

Live Event: FOMC Decision Will Help Decide USD Trend if Not Volatility

2014-04-30 22:42:00
John Kicklighter, Chief Strategist
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Talking Points:

• The immediate reaction to the FOMC rate decision for USD and risk was staid

• This is an event that contadicts an early GDP release for yield forecast and amplifies possible 'risk off'

• A risk aversion lean is a high risk going forward and the dollar may outperform certain counterparts

Do you want to trade an just the dollar and/or its broader fundamental trends - like its yield forecast or risk trends? Use the Mirror Trader Currency Baskets to place a trade.

Watch the recording of John Kicklighter's coverage of the FX market's reaction to FOMC rate decision. On the heels of a surprisingly weak 1Q GDP report, the Fed was surprisingly optimistic about the future - so much so that they have maintained their bullish outlook for growth with the pace of Taper in check and traders' rate hike forecasts untouched. The immediate reaction to this was remarkably quiet, but don't expect this not to weigh in on the greenback and risk appetite trends going forward.

Sign up for John’s email distribution list, here.

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