US President Donald Trump has been crossing the wires on Monday, US time.
Trump has tweeted,
Great reviews on our handling of COVID-19, sometimes referred to as the China Virus. Ventilators, Testing, Medical Supply Distribution, we made a lot of Governors look very good - And got no credit for so doing. Most importantly, we helped a lot of great people!"
Nobody in 50 years has been WEAKER on China than Sleepy Joe Biden. He was asleep at the wheel. He gave them EVERYTHING they wanted, including rip-off Trade Deals. I am getting it all back!
That's is some election talk there, but what markets are waiting for is his response to what is brewing in Hong Kong. Last year, Trump signed the Human Rights and Democracy Act into law. This was a bill that supports pro-democracy protesters in Hong Kong. The Human Rights and Democracy Act mandates an annual review to check if Hong Kong has enough autonomy to justify its special status with the US.
Back in November, when the Act was signed, China's foreign ministry threatened "countermeasures" if the US continued "going down the wrong path".
There is enough foundation for all of this to see Trump impose US sanctions and threaten the city's status as a financial hub.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD: Outlook remains negative
AUD/USD broke below the 0.6100 support for the first time since April 2020 on the back of the stronger US Dollar, while concerns over US tariffs on China also added to the downside.
EUR/USD: Further losses could test the 2025 low
EUR/USD kicked off the new trading week well on the defensive and approaching the 1.0200 contention area in response to the widespread gains in the Greenback following Trump’s US tariffs on Mexico, Canada and China.
Gold pressuring fresh record highs
Gold gathered bullish momentum after Wall Street's opening and trades at fresh all-time highs of around $2,825. The sharp decline seen in US Treasury bond yields after US President Trump's tariff decisions fueled XAU/USD's rally on Monday.
Solana Price Analysis: Key levels to watch as SOL dives below $200
Solana’s price has experienced an 18% downswing in the last three days, trading as low as $195 on Monday. Trading indicators highlight key levels to watch as SOL bulls attempt a recovery.
Seven Fundamentals for the week: Trump's opening salvo in a trade war casts shadow over Nonfarm Payrolls Premium
The wrecking ball is here. As US President Donald Trump celebrates two weeks at the White House, the only asset praying in markets is the US Dollar in response to tariffs. This story is set to dominate the week, with occasional attention given to the BoE and the buildup to NFP.
The Best Brokers of the Year
SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.