The trade war took a lot of "sacrifices" with itself. Commodity currencies such as the Canadian dollar and the Australian, to stock indices and violated the trade balances of China and the US - the titans in the collision. Of course, the sectors, resources and industries with the largest mutual exposures have suffered the greatest damage.
However, the resources are a sector that almost nobody paid much attention to. The chart tracks their sensitivity by adding oil, soybeans and the Shanghai Composite Index as an exception, but we see that the index reacts significantly along with zinc. The soybean - of which there was much interest in the Chinese side - is even lagging behind, surprisingly. The least sensitive resources are aluminum, gold and iron ore.
Graphs: Used with permission of Bloomberg Finance L.P.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.