Aug 14 2020 0

You know the drill. On Friday, we take a look at the latest events around the world to predict how the market will react in the weekends. Based on that, we can better prepare our trading strategies.

Chinese own 5G network

China's Huawei and ZTE are expected to be out of India's planned 5G network rollout as relations between the two countries drop to their lowest level in four decades after deadly border clashes. This South Asian country will apply recently revised investment rules citing concerns about national security in restricting bidding from some neighboring countries.

forex news Aug 14

The Ministry of Communications will restart discussions awaiting approval for the 5G trials by private companies including Bharti Airtel, Reliance Jio and Vodafone Idea which have been delayed due to the blockade, officials said. nationwide, but 5G bidding may have to wait until next year. The Indian decision echoes the actions of the United States, the United Kingdom and Australia, which have alarmed Huawei and ZTE's relationship with the Chinese government.

A quiet market

Asian stocks appeared to have had a rather quiet start on Friday after an unremarkable session in US stocks as investors considered the deadlock in negotiations to seek stimulus. like and analyze signs of economic recovery. Treasury yields rose to their highest level in eight weeks after the government sold a record amount of 30-year bonds. The futures market has changed little in Japan, Australia and Hong Kong. S&P 500 futures also moved flat and the Nasdaq Composite closed in the green. Gold continued to rise and the dollar depreciated against a basket of other currencies. Oil dropped the most in nearly a week as investors assessed the International Energy Agency's forecasts for a drop in global oil demand, in part due to a slowdown in air transport.

Epic Games vs. Apple

Apple removed Fortnite from the App Store on Thursday, prompting Epic Games, the game creator, to sue. These moves have escalated the dispute between the two companies in recent weeks. What are the causes? Apple requires apps with in-app billing to be billed through the company, which will reduce revenue by 30%, similar to Google's storefront. On Thursday morning, Epic Games told customers that it would begin offering direct purchases for popular in-game items on both Apple and Google platforms, which avoids fees. Epic says it will transfer the savings to customers, offering discounts of up to 20% according to its own plan. This is not the first time Apple has faced the heat of its payment system - it has faced scrutiny by officials in the US and Europe over a series of antitrust complaints.

Significant shrink

The decline in the previous quarter in Japan's pandemic-affected economy was the most on record since 1955, official data is expected to be released next Monday, with a boom. Back of the virus threatens to slow down the fragile recovery process that is currently underway. Analysts found gross domestic product shrinking at an annual rate of 27% over the three-month period to June. That means the world's third-largest economy will shrink in size. for three consecutive quarters, first due to the trade war and the increase in sales taxes, and then by the Covid-19 virus. The UK was down 20.4% in the previous quarter. And the US has shrunk by almost a third.

Korean bonds

South Korea has overtaken China to lead Asia in socially responsible bond sales this year, as the issuance of global debt to fund the fight against Covid-19 soared. Borrowers in Korea sold $11.9 billion of environmental, social and governance bonds this year, the most in the Asia-Pacific region, followed by Japan with 9.5 billion USD and China with 9 billion USD, according to data compiled by Bloomberg.

forex news Aug 14

China was Asia's biggest debt issuer from 2016 to 2019, but South Korean policymakers have taken steps to spur more interest in sustainable debt, with President Moon Jae-in announcing "New Green Agreements" projects last month to cut carbon emissions and promote eco-friendly industries. The National Pension Service, which oversees 749 trillion won ($631 billion), said it will promote socially responsible investment by pushing other investors to follow the trend.


Fanara Filippo

Hey, I’m Fanara Filippo. I’m the founder of this site. I'm currently living in Bangkok, Thailand. I have been trading forex for more than 5 years. You can read my articles about the best forex brokers on this page. Let’s review brokers today.

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