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Abstract:When financial markets have been eyeing on issues such as China-U.S. relations, the U.S. presidential election and the second wave of the pandemic, Europe seems to be gearing up for a black swan, an event in which a deterioration will trim the recently weak euro even lower.
When financial markets have been eyeing on issues such as China-U.S. relations, the U.S. presidential election and the second wave of the pandemic, Europe seems to be gearing up for a black swan, an event in which a deterioration will trim the recently weak euro even lower.
A barrage of large-scale demonstrations broke out after Belaruss presidential election because local people suspected Lukashenka conducted ballot rigging and called for his resignation. With an 80% approval rating and the strong support from Russian President Vladimir Putin, Lukashenka won the re-election and refused to step down, which worsened the situation on the ground.
The European Union officially refused to recognize Lukashenka as the new president of Belarus, saying the announced results were fraudulent and did not convey legitimacy. At the same time, the UK declared it would impose sanctions against Belarus while French President Emmanuel Macron also called on Lukashenko to step down. Nevertheless, the Belarusian government still took a hard line and accused outside meddling in the internal affairs. It seems Belarus is seeing further deterioration rather than embracing a peaceful settlement.
While the ostensible opponent of the EU is Belarus, the actual one is Russia. The battle between the two sides over the Belarus dispute will upgrade the tension in Europe. Once the situation in Belarus gets out of hand, the euro may swallow a bitter pill.
In the financial market, several events have staged their performance: the UK-EU trade talks from Monday to Friday, the first US presidential debate and the release of US GDP on Wednesday, the EU summit on Thursday, and the release of US jobs data on Friday. The EU summit was expected to see the sanction against Belarus unanimously passed, thus Russias response would be thrust into the spotlight. These events would spoil the fun in the financial market.
[About The Author]
Since 1987, Jasper Lo has been engaged in the financial industry
(forex, futures and gold) for more than 32 years and holds forex R.O.,
securities and futures broker licenses. Mr Lo is an expert in trading
forex, precious metals and commodity futures and an basic and technical
analyst.
Over the years, Mr Lo won many individual and team sales champion
awards, as well as outstanding employee awards. He was invited, as a
guest mentor, to the University of Hong Kong, Guangdong Ocean University
and Guangzhou Jinan University. And he was also appointed as the chief
training consultant by Hantang Securities and Dongguan Securities in
China.
Mr Los experience as guest of honor invited by media including Chinese and English newspapers and columnist:
-Guest of honor invited by TVB New Channels such as Finance Channel, Forex Focus, Global Watch
-Guest of honor invited by Now Finance Channel - Forex Reports
-Guest of honor invited by i-CABLE Finance Info Channel - Forex Opportunities
-Guest of honor invited by ViuTV - Investor Smarter Group
-Columnist of Finance and Forex Market of Ming Pao
-Presenter of Finance and Forex Forecast of Ming Pao
-Presenter of Investment 36 Stratagem and Technical Analysis in 1 Min of Ming Bao Finance
-Appointed lecturer of Ming Pao Investment Seminar and Paid Course
-Author of the best seller Investment 36 Stratagem
-Columnist of Forex Expert, Forex Analyst, Marathon Weekly of ET Net
-Guest of honor of Open Good Morning of ET Net
-Guest of honor of Metro Finance Channel - Market Opening, Instant
Market Fighting, Guangdong-Hong Kong Finance, Finances Power, Market
Analysis
-Guest of honor of New Era of Investment of RTHK
-Columnist of Capital Commodities of Capital Weekly
-Guest Presenter of Wang Guanyi Online Finance Channel - Fund and Commercial Bond
-Columnist of Wealthub Finance and Investment Smart Platform of Enrich Culture
-Guest presenter of Weekly Investment in the World of Enrich Culture
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