FOREX TRADING STRATEGY NOV 16 - BIG DEAL

Nov 16, 2020
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We should get a hold of the latest news on the world nowadays to know exactly what forex trading strategies to apply.

The biggest trade

Asia-Pacific countries including China, Japan and South Korea on Sunday signed the world's largest regional free-trade agreement, covering almost a third of the population and gross national product. inner world. Top officials from 15 countries, including Australia, New Zealand and 10 members of the Association of Southeast Asian Nations - but not India - have signed the RCEP (Regional Comprehensive Economic Partner) on the final day of the 37th ASEAN Summit.

news Nov 16

Trade agreement supporters, which include 2.2 billion people with a total GDP of $ 26.2 trillion, said they would reduce tariffs, further consolidating your supply chain with common rules of origin and codifying new e-commerce rules.

Market on Monday

The yen slipped in early trading week, while Asian stocks were ready to rise. On Friday, both the S&P 500 and the Russell 2000 Index of small caps rose to all-time highs, while the Dow Jones Industrial Average climbed to pre-pandemic levels. The tech-oriented Nasdaq 100 Index has underperformed relative to key metrics amid a shift to economy-sensitive industries. The yield on the 10-year Treasury note ended last week at 0.9%. The pound fell as barriers remained to reach a trade deal during Brexit negotiations. Global equities have rebounded to pre-pandemic highs after vaccine optimism last week spurred a turnaround into value and cyclical sectors, while industries were more defensive. has poor performance. However, concerns about a sustained economic recovery persist amid an outbreak of cases around the world.

Biden’s approach

Two of the President's elected but inaugural coronavirus advisers, Joe Biden, said they favor targeted localized measures to avert the pandemic rather than a nationwide blockade of the United States. States. Vivek Murthy, a former US surgeon and one of Biden's top three advisers on the virus, says that the preferred approach to fighting it is “a compass that we can drive up and down, depending on how severe it is. ” Finding ways to contain Covid-19 infections has become increasingly urgent for Mr. Biden after US infections hit a record in the past two weeks.

forex news Nov 16

Deadly protest in Peru

Peru's interim President, Manuel Merino, will resign just six days after his predecessor was impeached that left the South American nation in turmoil. Martin Vizcarra's surprise impeachment of unproven bribery allegations sparked Peru's biggest protests in two decades. Political upheaval could blur prospects for April's elections and continue to hamper an economy that has shrunk 30% in the second quarter due to the Covid-19 pandemic.