US President Donald Trump: “Intelligence has just reported to me that I was correct” on China

Ross J Burland FXStreet

US President Donald Trump has tweeted the following:

Intelligence has just reported to me that I was correct, and that they did NOT bring up the CoronaVirus subject matter until late into January, just prior to my banning China from the US Also, they only spoke of the Virus in a very non-threatening, or matter of fact, manner...

Market implications

Geopolitical tensions between the US and China are heating up which should b a catalyst for risk-off. More on this here:

What you need to know as markets open: Pompeo and Trump ratcheted up US and China tensions

As for what currency to trade AUD/JPY is the FX markets risk-barometer and could be offering a short opportunity as outlined in the following article:

Chart of the week: AUD/JPY looking ripe for a short

In recent trade, the Global Times wrote a piece in response to the news: Pompeo's anti-China bluff strategy reveals all-or-nothing mentality to fool US voters – GT

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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