{"id":161464,"date":"2019-12-10T07:35:52","date_gmt":"2019-12-10T12:35:52","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=161464"},"modified":"2019-12-10T07:23:49","modified_gmt":"2019-12-10T12:23:49","slug":"is-this-the-calm-before-the-tariff-deadline-storm","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/12\/is-this-the-calm-before-the-tariff-deadline-storm\/","title":{"rendered":"Is this the calm before the tariff-deadline storm?"},"content":{"rendered":"
December 10, 2019<\/div>
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By Han Tan, Market Analyst, ForexTime<\/a><\/strong><\/p>\n

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Market participants find themselves amid relatively calm waters, as investors count down the days to President Trump\u2019s December 15 tariff deadline. With that potential catalyst in mind, markets could be in for some heavy volatility in just a matter of days.<\/p>\n

Gold has been hovering just above $1460 after moving a leg lower on Friday, December 6. The price action suggests that investors are still hopeful that a limited US-China trade deal would be eventually announced. Any signs that President Donald Trump would press ahead with his tariff threat on Chinese goods on December 15 would jolt Bullion bulls into action and send Gold prices back above the psychological $1500 level.<\/p>\n

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USDJPY requires more risk-on cues to climb higher<\/strong><\/p>\n

USDJPY hasn’t strayed too far from the 109 psychological level since November, although\u00a0risk-on sentiment has evidently chipped away at the Yen\u2019s safe haven play in recent months. Amid signs that\u00a0the upward momentum for the currency pair is waning,\u00a0USDJPY may require further signals that US-China trade negotiations will eventually lead\u00a0towards a meaningful deal before the Japanese Yen will weaken back above 110 against US Dollar.<\/p>\n

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OPEC+ cuts provide\u00a0stronger support for Oil<\/strong><\/p>\n

Brent Oil is now trading above the $63\/bbl line, around levels not seen since September, after OPEC+ last Friday agreed to lower its output target by 500,000 barrels per day. With supply being continuously managed by the alliance of major Oil producers, the demand side of Oil\u2019s outlook would get a major boost if President Trump decides not to impose further tariffs on Chinese goods by the weekend. Such a move would mitigate the risk of a further deterioration in the global economy, with such prospects likely to push Brent past $65\/bbl.<\/p>\n

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Disclaimer: <\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<\/div>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Han Tan, Market Analyst, ForexTime Market participants find themselves amid relatively calm waters, as investors count down the days to President Trump\u2019s December 15 tariff deadline. With that potential catalyst in mind, markets could be in for some heavy volatility in just a matter of days. Gold has been hovering just above $1460 after […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-161464","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/161464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=161464"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/161464\/revisions"}],"predecessor-version":[{"id":161471,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/161464\/revisions\/161471"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=161464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=161464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=161464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}