Revealing a deeper vulnerability in investor confidence in China - AmpGFX
Greg Gibbs, Founder, Analyst, & PM at Amplifying Global FX Capital Pty Ltd, an Australian financial services company, explained that the rapid demise in Chinese assets on Monday on rehashed news that the US is set to announce investment restrictions, despite RRR cuts, reveals a deeper vulnerability in investor confidence in China.
Key Quotes:
"The US equity market started to show signs of negative feedback from the US administration’s protectionist policies."
"The remarkably contradictory comments by Navarro breed even more confusion than normal over White House policy."
"If economic and investor confidence has been unsettled in Asia and Europe, and the USA is starting to feel negative feedback from its own policies, gold may be poised for a recovery."