Sunday, February 28, 2021
Forex Broker News
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers
    celox forex broker homepage

    Celox Review

    Onorio

    Onorio Review

    Lucrum pro Lucrum.pro

    Lucrum Pro Review

    plutus Global homescreen

    Plutus Global Review

    jp finance broker

    JP Finance Review

    galore pro forex broker

    Galore Pro Review

    profit trade review

    Profit Trade Review

    LegacyFX Review

    LegacyFX Review

    City Index Review

    City Index Review

  • Broker Types
  • Forex Jobs
    • Marketing
    • Customer Support
    • Web Development
    • Compliance
    • Sales
    • Trading Solutions
    • IT
    • R&D
    • Administrative
    • Business Analyst
  • News
No Result
View All Result
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers
    celox forex broker homepage

    Celox Review

    Onorio

    Onorio Review

    Lucrum pro Lucrum.pro

    Lucrum Pro Review

    plutus Global homescreen

    Plutus Global Review

    jp finance broker

    JP Finance Review

    galore pro forex broker

    Galore Pro Review

    profit trade review

    Profit Trade Review

    LegacyFX Review

    LegacyFX Review

    City Index Review

    City Index Review

  • Broker Types
  • Forex Jobs
    • Marketing
    • Customer Support
    • Web Development
    • Compliance
    • Sales
    • Trading Solutions
    • IT
    • R&D
    • Administrative
    • Business Analyst
  • News
No Result
View All Result
Forex Broker News
No Result
View All Result
Home News Forex Broker News fpmarkets

Australian dollar jumps as US-China trade talks begin 10/10/19

ADVERTISEMENT

US stocks rose for the first tie in three days as traders placed their hopes on the trade negotiations in Washington. The negotiations between Liu He and US representatives are set to commence today. This is five days before the new round of tariffs are scheduled to go into effect. Yesterday, the Chinese offered to increase their purchases of US farm goods in a bid to reduce the trade surplus. While a bigger trade deal is not expected, traders hope that a narrow agreement will help reduce tensions. This comes at a time when the Fed and other market watchers warn that a recession could be on the horizon.

The AUD/USD pair, which is watched closely in terms of China-related trade rose to a high of 0.6756 from a low of 0.6710. On the 30-minute chart, the price is above the 14-day and 28-day moving averages while the RSI has moved sharply higher to almost 70. The Parabolic SAR dots remain below the price, which is an indicator that it might continue to move higher. The price could continue to move higher.

US dollar. The US dollar was relatively unchanged against its peers after the Federal Reserve released minutes of the previous meeting. The minutes showed that members debated on how far their interest-rate cutting process should extend. Some members pushed the committee to signal to the market that the easing cycle was nearing its end. As such, traders interpreted this to mean that the Fed could slash rates again later this month. The minutes came a day after the Fed chair said that the bank was considering expanding its balance sheet. Later today, traders will receive CPI and initial jobless claims numbers from the US.

The EUR/USD pair rose yesterday to a high of 1.0990, which was higher than the important resistance level of 1.0980. On the 30-minute chart, this price is slightly lower than the upper line of the Bollinger Bands. The signal and main line of the Relative Vigor Index (RVI) are above the neutral line. There is a possibility that the pair will continue moving higher to retest the important resistance level of 1.1000.

Sterling. Sterling rose against the USD and EUR in overnight trading after Michel Barnier and Jean-Claude Juncker expressed their hopes of a Brexit deal. This came shortly after the UK government started a blame campaign against the EU after talks ended. The UK has blamed the EU of seeking to divide the country by insisting that Northern Ireland be left to remain in the EU Customs Union. Later today, the UK will release important data. The first reading of the third quarter GDP is expected to show that the economy expanded by 0.9%. This will be lower than the second quarter increase of 1.3%. Manufacturing production in August is expected to fall from 0.3% to 0.1% while industrial production is expected to have declined by -0.1%.

The GBP/USD pair rose slightly to a high of 1.2230 during the Asian session. This was a bit higher than yesterday’s low of 1.2195. On the 30-minute chart, this price is slightly above the 14-day and 28-day moving averages. The pair might move to test the 23.6% Fibonacci Retracement level of 1.2247.

The post Australian dollar jumps as US-China trade talks begin 10/10/19 appeared first on FP Markets.

Table of Contents

  • RELATED POSTS
  • Customer Relationship Officer – Polish
  • China – Marketing Manager
  • Iress Clients Margin Changes

RELATED POSTS

Customer Relationship Officer – Polish

China – Marketing Manager

Iress Clients Margin Changes

Share197Tweet123ShareSend

Related Posts

Customer Relationship Officer – Polish
fpmarkets

Customer Relationship Officer – Polish

November 8, 2020
China – Marketing Manager
fpmarkets

China – Marketing Manager

November 8, 2020
Iress Clients Margin Changes
fpmarkets

Iress Clients Margin Changes

June 14, 2020
Customer Relationship Officer – Vietnamese
fpmarkets

Customer Relationship Officer – Vietnamese

August 6, 2020
Australian market expected to open lower 31/12/19
fpmarkets

Australian market expected to open lower 31/12/19

December 31, 2019
Australian market expected to open lower 30/12/19
fpmarkets

Australian market expected to open lower 30/12/19

December 30, 2019

Select one of the Best Forex Brokers for your Trading  |  Read the Reviews

celox forex broker homepage

Celox Review

Onorio

Onorio Review

Lucrum pro Lucrum.pro

Lucrum Pro Review

plutus Global homescreen

Plutus Global Review

jp finance broker

JP Finance Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. forexbroker.news is an affiliated partner with various Forex brokers and may be compensated for referred Forex traders.

Risk Disclosure: Forexbroker.news assumes no liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and forex signals. Operations in the international foreign exchange market contain high levels of risk. Forex trading may not be suitable for all investors. speculating only the money you can afford to lose. Forexbroker.news remind you that the data contained in this website is not necessarily real-time and may not be accurate. All stock prices, indexes, futures are indicative and not appropriate for trading. Thus, Forexbroker.news assumes no responsibility for any trading losses you might incur as a result of using this data.You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBroker.News has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBroker.News, nor shall it bias our reviews, analysis, and opinions.

  • Privacy Policy
  • Contact US
  • Terms of use,

Copyright © 2020 forexbroker.news

No Result
View All Result
  • Home
  • Forex Broker Reviews
  • Broker Types
  • Forex Jobs
    • Marketing
    • Customer Support
    • Web Development
    • Compliance
    • Sales
    • Trading Solutions
    • IT
    • R&D
    • Administrative
    • Business Analyst
  • News

© 2020 https://forexbroker.news - Forex Broker news & magazine