China hopes U.S. shows sincerity at G20 trade talks

World leaders started arriving in Buenos Aires on Thursday ahead of the gathering of the Group of 20, where global trade tensions, fueled by U.S. President Donald Trump’s trade war with China, are expected to dominate the agenda. Financial and commodities markets are closely watching the outcome of the summit, especially a planned meeting between Trump and Chinese President Xi Jinping on Saturday, though the outcome is far from certain. Just as he left for Argentina on Thursday, Trump sent mixed signals about the chances of a trade deal with China, saying an agreement was close but he was not sure he wanted one. Read More @ https://www.reuters.com/article/us-g20-argentina-china/china-hopes-u-s-shows-sincerity-at-g20-trade-talks-idUSKCN1NZ032?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

Gold On The Menu Next Week If Trade Outlook Improves After G-20 – Analysts

Gold investors won’t get much of a break this weekend as the tone at the Group of 20 meeting Saturday could determine the precious metal’s short-term price action. In particular, commodity analysts and economists are warning investors to pay close attention to the much-hyped dinner meeting between President Donald Trump and Chinese President Xi Jinping. For most of the year, the world’s two largest economies have been embroiled in an escalating trade war. However, ahead of the Buenos Aires meeting, tensions appear to be easing between the two nations after President Trump who said that he is close to a trade deal with China, but added that he is not sure he wants to do a deal. Read More @ https://www.kitco.com/news/2018-11-30/Kitco-News-Weekly-Gold-Outlook-Gold-On-The-Menu-Next-Week-If-Trade-Outlook-Improves-After-G-20.html

WHAT IS THE USD & GOLD TECHNICAL CHARTS SAYING?

Gold and USD are now positively co-related; so be cautious as the market makes USD as safe haven as the USD. We will be cautious this coming week.

MONDAY NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.

  1. 8.30am – AUD will makes its move with building approvals  and Company operating profits and both are expected to be good.
  2. 9.45am – China will release their Final Manufacturing data. No change expected.
  3. 4.45pm – 5.00pm – Italy, Germany and France will release their Manufacturing PMI – no change is expected.
  4. 5.30pm – UK will release their Manufacturing PMI – DATA expected to be good – volatility is expected.
  5. 7.30pm – 10.15pm – FOMC member speaks – volatility is expected in favor of the USD.
  6. 10.30pm – Canada will release their manufacturing data – expected to be no change – CAD weakness will continue.
  7. 10.45pm – 11.00pm – US will release their Manufacturing data and is expected to be good.

USD & GOLD focus this week with FOMC messages ahead – be cautious as the market will continue to swing.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

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