1. NEO Continues To Tumble As August Proves To Be A Crypto-Killer
August will probably go down as the worst month for all major crypto pairs for 2018. A great number of altcoins sank to their lowest levels for over a year during the past month and NEO was definitely no exception. Neo lost an eye-watering 33% to the end of August. In early Monday trading NEO (ANSUSD) was last seen 5.2% lower at $21.7533 as of 6:45 AM GMT.*
2. Gold Declines As Trade Tensions Buoy Dollar
Gold prices dropped in early Monday morning, with prices briefly tumbling below the $1,200 technical level, as the dollar strengthened on worries over the potential for more tariffs between the United States and China as part of their trade war. Gold prices were suppressed by an ongoing trade dispute between the U.S and Canada and president Donald Trump’s newly proposed round of tariffs on China. Specifically, Trump has told his aides he is ready to impose tariffs on an additional $200 billion worth of imports from China as soon as a public comment period on the plan ends on Thursday.**
3. EURUSD Under Pressure On Escalating Trade Tensions
The dollar held firm in early Monday trading pushing the euro lower as it benefited from its status as a safe haven amid rising global trade tensions. Investors took the impasse in U.S.-Canada trade negotiations as a bad sign for the trade talks. U.S. President Donald Trump stated there was no need to keep Canada in the North American Free Trade Agreement and warned Congress not to meddle with the trade talks or he would terminate the trilateral trade pact altogether. The news kept EURUSD under major pressure with the pair last seen trading at $1.1604 as of 7:00 AM GMT this morning.***
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*Source: Newsbtc Sept 3, 2018 / 1:02 AM
**Source: Reuters Sept 3, 2018 / 3:35 AM
***Source: Reuters Sept 3, 2018 / 4:51 AM
