Trump prepares more tariffs for China

World markets seemed recovering last week but this week the world shares may swing from rising worries. The U.S. president, Donald Trump said he is ready to put tariffs on every Chinese good up to 500 billion dollars, if necessary. I think this factor may scare investors on Monday.
President Trump also doubled down on his criticism of the Federal Reserve's monetary policy decisions to hike interest rate 2 more time in 2018 so the U.S. dollar fell lower last Friday. However, 30-year U.S. treasury yields rose up to 3% on Friday. From my point of view, the rising treasure yields may support greenback on Monday and euro may fall lower than 1.1700 dollar again. The United States real estate may give positive support to the US dollar because of the last year tax reform. Therefore, British pound may fall lower to 1.3100 points and continue moving around 1.3000-1.3100 dollars.
MSX, the newly launched fintech, has cooperated with Neufund to create new marketplaces for tokenized securities. This cooperation will build a platform for securities tokenization and issuance, to build a "regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets. While Bitcoin price still held above 7,000 dollar on weekend and it may move in the narrow frame around 7,100-7,600 waiting for rising buy volume.
Economic indices in focus:
• USA: Existing home sales (Jun) at 21.00 p.m.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade.

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