Beijing Excited About Trump’s Decision to End TPP

Beijing is more than pleased about Donald Trump turning his back on a major U.S.-led Pacific trade pact.

Ian Bremmer, president of the global intelligence firm Eurasia Group and a closely watched political scientist, said Wednesday that officials in China are excited about President-elect Trump’s plan to withdraw from U.S. participation in the planned Trans-Pacific Partnership. The proposed free-trade bloc would have included 12 countries accounting for more than a third of global trade.

CNBC

USD/JPY – Yen Slides to 8-Month Lows as US Durable Reports Sparkle

What Were the Key Change’s in Hammond’s First Autumn Statement?

MP

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.