What to expect in 2020
2019 has been quite a year, to say the least! Amidst the US-China Trade War, Brexit, and Middle East tensions, it’s been a year of never-ending uncertainty, and both investors and traders now hope for a brighter future ahead. Will that be the case? Let’s take a look at some of the major market drivers to keep on eye on in 2020!
1. US-China Trade War…Still not the end!
With the Phase 1 trade deal on the horizon on January 13th, experts are still not 100% positive. With the November elections ahead, however, there is hope that the year may bring a rally, as Trump struggles to keep the stocks on the rise with more tax reforms.
2. Uncertainty in Europe
Yes, we are looking at you, Brexit! Britain has a major decision coming up in the end of January 2020, and a ton of individual negotiations lie ahead. Hardly a time of stability...
3. Global Economy Growth
A positive fact from 2019 is that most major economies managed to avoid recession. Analysts predict that 2020 is likely to paint a similar picture, with not only no major downfalls, but also a long-anticipated growth potential.
4. Middle East Tensions
With the recent developments on the US-Iran front, we all await with baited breath, but one thing is likely - instability in gold, oil and haven currencies is to be foreseen.
If we know anything for sure, it’s that markets are uncertain. Let’s see what this year holds and here’s to a better year ahead!