How Important Is The Silk Road?

What is the Silk Road?

Not to be confused with the banned Bitcoin marketplace of the same name, the original Silk Road has been a network of trade routes connecting the East and West for centuries.

Is the Silk Road still important?

You bet it is. Well, sort of…

What does the future hold for this route?

As you may have heard, the Middle East, slap-bang in the middle of the original Silk Road and an important part of the newer BRI, has long been a hotbed for tension. This region has faced decades of conflict, largely over the vast amounts of oil that bubble under its surface.

What’s on the trading agenda this week?

A really busy week lies ahead. Here are all of the top events to take note of.

Monday

● USD — Markit Manufacturing PMI Flash (AUG)

Tuesday

● EUR — German GDP Growth Rate YoY Final (Q2)

Wednesday

● EUR — German Ifo Business Climate (AUG)

Thursday

● EUR — German GfK Consumer Confidence (SEP); ECB Monetary Policy Meeting Accounts

Friday

● USD — Core PCE Price Index YoY (JUL); PCE Price Index YoY (JUL); Michigan Consumer Sentiment Final (AUG).

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