It's been another slow session today given the lack of key economic releases and the waiting for the US-China trade talks outcome. The expectations are for something positive with probably reciprocal concessions and a promise to have a new round of negotiations soon. It looks unlikely to have some major breakthrough or deal already, but watch out for that nonetheless.
The markets remain kind of rangebound as traders await new catalysts like the outcome of the US-China negotiations and the US CPI report tomorrow. Until then, we will likely keep with this kind of price action. There is of course some outlier like bitcoin as the cryptocurrency surged to new highs yesterday after a key technical breakout.
In the American session, we don't have much on the agenda other than the US Redbook data and the 3-year auction. Neither of these releases will influence markets expectations. Therefore, the focus will remain on the US-China negotiations and traders will be on the lookout for market-moving headlines.
This article was written by Giuseppe Dellamotta at www.forexlive.com.Hence then, the article about forexlive european fx news wrap awaiting the us china trade talks outcome was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Forexlive European FX news wrap: Awaiting the US-China trade talks outcome )
Also on site :
- 12-year old Russian beats world chess champion
- Body recovered from Lake Natoma amid search for missing man
- ‘The Princess Bride’ Star Cary Elwes Shares Tribute to Rob Reiner: ‘From That Very First Meeting I Fell In Love With Him’