Further Round Of US/China Trade Talks

11 February, 2019

Further Round Of US/China Trade Talks Due As Deadline Approaches

Traders will be hoping for some positive headlines this week around the ongoing US/China trade talks, following the disappointing announcement last week that Trump will not be meeting with Chinese premier Xi Jinping ahead of the March 1st deadline.

US Officials To Travel To Beijing


US and Chinese officials are scheduled to meet for a further round of talks this week, with two days of meetings beginning on Thursday.

The US delegation, led by US Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin, will travel to Beijing for high stakes talks as the deadline looms large on the horizon.

If the talks fail to produce a result by March 1st, Trump has warned that he is ready to increase tariffs from 10% to 25%, on around $200 billion worth of Chinese goods. He has stated that he could even apply tariffs to the remaining $267 billion of Chinese goods coming into the US.

Trump Won’t Meet Chinese Premier Ahead of Trade Talks Deadline

Risk sentiment took a hit last week as newswires announced that Trump will not be meeting the Chinese premier ahead of the March 1st deadline, as had been expected. The news was taken as a sign that talks are not progressing well.

This is a view encouraged by comments from White House advisor Larry Kudlow who told reporters that a “pretty sizable distance” remains between the two sides in the negotiations.

With the deadline fast approaching, this next round of talks will be closely monitored. Any reports of obstacles and difficulties remaining will likely cause a further sharp unwinding of risk assets, whereas signs of progress will keep risk sentiment buoyant.

Technical Perspective


The pullback last week in the Nasdaq found support at the retest of a prior swing high, keeping the recent bullish phase intact. Bulls will now be looking for price to move past next week’s high and challenge the next key resistance level between 7136 – 7215.7.


Source link  
Retail Sales See Biggest Drop

Yesterday was not great for the Fed as the latest US data added to fears of a growth slowdown. December Retail Sales fell 1.2% over the month, wildly...

Non-manufacturing activity slips down

The services sector in the United States expanded at a slower pace in January. The Institute of Supply Management's non-manufacturing PMI...

Slowdown Worries Plague Eurozone

The Eurozone's economy got off to a sluggish start in 2019. Latest forward-looking indicators showed as some of the Eurozone's major economies...


UK Trade Deficit Widens On Brexit

Alongside the weaker than anticipated GDP print released yesterday, GBP was weighed down by data which showed a widening of the UK trade...

New Zealand Unemployment Rate

The latest unemployment report from New Zealand showed a disappointing performance from the labor market for the period. Data released...

RBNZ to keep rates on hold

The week ahead will see the RBNZ holding its monetary policy meeting. Interest rates in New Zealand should remain unchanged at this week's meeting...


Fourth Quarter NZ Employment

We could have some volatility in NZD pairs coming up on Wednesday at 20:45 CET (or 14:45 CET) with the release of a series of unemployment...

U.S. hiring continues at a steady pace

The latest monthly jobs report from the United States showed that the economy posted a steady pace of job growth during January. The data comes...

FX Monthly Outlook - February 2019

Brexit developments made the headlines after Prime Minister May's Brexit deal did not get the vote. While PM May managed to survive a vote of...


In the past 24 hours Bitcoin has gained 0.97% and reached $3674.24158481. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -0.5573% and is now at $1.1277. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 9.03% and is now at $128.662145314. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Forex Market Analysis



Forex Currencies Forecasts



Top 10 Forex Brokers 2019

# Broker Review
1easyMarketseasyMarkets92%
2FXTMFXTM88%
3HYCMHYCM87%
4FxProFxPro85%
5FIBO GroupFIBO Group84%
6OctaFXOctaFX83%
7HotForexHotForex82%
8FXCMFXCM79%
9XMXM73%
10FP MarketsFP Markets70%
  


Share: