Headlines:
Dollar keeps lower awaiting details on US-China trade talks in LondonHassett says 'absolutely' expecting progress from trade talks with China todayHow have interest rates expectations changed after the US NFP and central bank decisions?Japan trade negotiator Akazawa said to be planning another trip to Washington this weekJapan reportedly mulls buying back some super-long government bondsECB's Kažimír : I think we're nearly done with, if not already at the end of easing cycleCarney to announce Canada’s defence spending will hit 2% of GDP NATO target this yearICYMI: New Boeing plane landed in China for the first time since the tariff war startedMarkets:
It was a quiet session for the most part as markets are caught on edge waiting on what will come from the US-China trade talks in London later today.
There's still no word on when exactly that will be but the latest from White House economic director Hassett is that it will involve discussions on easing rare earth export controls on China's side at least. He added that there 'absolutely' will be progress, even if the meeting will be a short one.
That is keeping US futures buoyed with S&P 500 futures now up 0.2% on the day after having been largely flattish before that. European indices are not too enthused today, keeping a little lower so far on the session.
In FX, the dollar remains on the backfoot but have recovered some ground in the past half hour at least. USD/JPY fell to around 144.00 earlier in the session before nudging back up to 144.43 now - down just 0.3% on the day. Meanwhile, EUR/USD was up earlier to around 1.1440 but is now up just 0.1% at 1.1410 ahead of US trading.
The antipodeans are faring well though with AUD/USD up 0.5% to 0.6520 and once again eyeing a firmer break of the 0.6500 level.
In other markets, gold is also holding a slight advance to start the week with the precious metal up at $3,320. But once again, it is silver leading the charge in the commodities space as it races up above $36 with 1% gains to $36.31 currently.
And now, we wait on the headlines from US-China trade talks in London.
This article was written by Justin Low at www.forexlive.com. Read More Details
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