Here is what you need to know on Monday, November 25: Trade: China will raise penalties for theft of Intellectual Property (IP) in a step that is seen as a gesture toward the US. The topic has been one of the sticking points in trade talks. According to the Global Times, a Chinese outlet, the world’s largest economies are close to striking “Phase One” of the deal. Stock markets are on the rise, and the risk-on atmosphere is weighing on the dollar, the yen, and gold. Hong Kong: Local elections in Hong Kong resulted in overwhelming support for the pro-Democracy camp in a calm atmosphere. President Donald Trump is yet to sign Congress’ HK bill into law. Developments in the city-state have played a role in US-Sino relations. EUR/USD is recovering after Friday’s flash Purchasing Managers’ Indexes showed that Germany’s services sector is decelerating while the improvement in manufacturing still leaves it deep in contraction territory. The German IFO Business Climate is forecast to advance. See EUR/USD Forecast: Further falls due amid downtrend channel downbeat data and trade troubles. Australian dollar: The Aussie is taking advantage of the news to recover to 0.68, but investors are cautious ahead of two critical speeches from the central bank, especially one from Phillip Lowe, Governor of the Reserve Bank of Australia, on QE. UK elections: The weekend opinion polls have continued showing double-digit leads for Prime Minister Boris Johnson’s Conservatives, with one survey printing a 19-point advantage over Labour. Johnson presented his party’s manifesto and vowed to bring the Brexit accord to parliament before Christmas. Cryptocurrencies have extended their falls, with Bitcoin falling to $6,500. China’s crackdown on exchanges has been taking its toll. The drama around Ruja Ruja Ignatova, aka “cryptoqueen” continues. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China’s central bank to businesses: Correct improper actions with cryptocurrencies or exit FX Street 3 years Here is what you need to know on Monday, November 25: Trade: China will raise penalties for theft of Intellectual Property (IP) in a step that is seen as a gesture toward the US. The topic has been one of the sticking points in trade talks. According to the Global Times, a Chinese outlet, the world's largest economies are close to striking "Phase One" of the deal. Stock markets are on the rise, and the risk-on atmosphere is weighing on the dollar, the yen, and gold. Hong Kong: Local elections in Hong Kong resulted in overwhelming support for the pro-Democracy… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
