Trump says ‘big progress’ on possible China trade deal – this is a good news for 2019. Market expect to go north for 2019 for a start.
U.S. President Donald Trump said on Twitter on Saturday that he had a “long and very good call” with Chinese President Xi Jinping and that a possible trade deal between the United States and China was progressing well. As a partial shutdown of the U.S. government entered its eighth day, with no quick end in sight, the Republican president was in Washington, sending out tweets attacking Democrats and talking up possibly improved relations with China. The two nations have been in a trade war for much of 2018, shaking world financial markets as the flow of hundreds of billions of dollars worth of goods between the world’s two largest economies has been disrupted by tariffs. Read More @ https://www.reuters.com/article/us-usa-trump-trade/trump-says-big-progress-on-possible-china-trade-deal-idUSKCN1OS0IL?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
WHAT IS THE USD SAYING?
USD still at the tipping point of daily Trend-line and awaits fresh news before its next move. We are expecting a bull run for USD in the first quarter of 2019.
MONDAY NEWS THAT MIGHT AFFECT YOUR DAILY TRADES.
- 8.30am – Australia market will make its move with Private sector Credit – Borrowing and spending are positively correlated – consumers and businesses tend to seek credit when they are confident in their future financial position and feel comfortable spending money.
- 9.00am – China will release their manufacturing data – expect volatility – we are cautious over CNY as the volatility remains vulnerable.
- 5.30pm – UK will release their Housing equity withdrawals – not a critical data.
Expect the market to move sideways. Monday & Tuesday – Wednesday to Friday till NFP market expected to be volatile.
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