Risk on: White House noise 'no ongoing talks about action on Amazon'


Markest have reacted positively to a headline relating to the Amazon risk. 

Recent headlines have told that Trump was looking at ways to increase Amazon's shipping costs and possibly even cancel some of Amazon's government contracts.

  • Trump: Amazon is going to need to pay a lot more for shipping.
  • Trump says U.S. Post office losing billions because it delivers packages for Amazon at a very low rate.
  • Trump says U.S. Is giving a subsidy to Amazon.

However, a recent rumour in the market has lead to a bounce in Amazon and thus pulling up Wall Street / USD/JPY where there is no action pending from the White House. Afterall, Trump's government is one of Amazon's biggest customers. According to CNN Money and in an article they stated that, "Amazon (AMZN), through its massive Amazon Web Services cloud computing division, has a deal with the government to provide cloud services to the CIA and other intelligence agencies. That deal was first awarded in 2013 and Amazon was said to have beat out IBM (IBM) for the business. It's a massive contract, worth a reported $600 million over 10 years." Note: (this deal originally took place during the Obama administration. However, there have been some upgrades to the deal since Trump took office).

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD bid above 1.18 as US 10-year yield drops

EUR/USD has cleared hurdle at 1.18 alongside a decline in US yields. The US 10-year yield has retreated from five-week highs. A fiscal impasse in Washington is likely weighing over yields and the dollar. 

EUR/USD News

GBP/USD shrugs off recession fears to keep bounce off 1.3000

GBP/USD eases from highs of 1.3073 while heading into the London open on Thursday. Even so, the pair keeps its pullback from the previous day’s low of 1.3005. UK GDP confirms recession. US Jobless Claims, risk catalysts in focus.

GBP/USD News

Gold: $1907 is the last straw for the XAU/USD bulls

Gold consolidates the $90 bounce below $1950, having witnessed good two-way volatility on Wednesday. Falling US Treasury yields continue to pressure the US dollar across the board, supporting the yieldless gold.

Gold News

US Jobless Claims Preview: Lower claims sign of an economic acceleration?

When initial jobless claims jumped 10% in the middle of July speculation connected the increase with the Covid prompted economic rollbacks in several Southern and Western states. Initial jobless claims expected to edge down from pandemic low.

Read more

WTI: Bulls attack $43.00 inside short-term rising channel

WTI defies the previous day’s pullback from $43.12 with a bounce off $42.76. The energy benchmark flaunted the biggest gains in a month on Wednesday while keeping a one-week-old ascending trend channel formation.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures