Markets Await Fed Speech, US-China Trade Talks

 

Tuesday is a quiet day trading in terms of economic data releases as the focus remains on politics and the US-China trade talks this Thursday and Friday. The US dollar held steady as investors wait for fresh headlines. China is reportedly ready to do a broad deal with the US but refuses to discuss the sensitive issues.

In the Brexit, negotiations continue in Brussels amid low expectations. It is reported that PM Boris Johnson is preparing for a no-deal, especially after the EU rejected his new Brexit proposal. The Pound extended the sell-off paired with low sales data.

Federal Reserve Chair Jerome Powell will speak late in the day, and he may address monetary policy. Hints if the Fed will cut rates later this month are eyed by markets.

NOTE: Traders are advised to be cautious and be updated on the major economic news causing high volatility to achieve better trading results.


Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. The Bullfx (thebullfx), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

Post categories

 

Symbol Bid Ask Spread
EURUSD 1.10975 1.10993 1.8
GBPUSD 1.28246 1.28270 2.4
USDCAD 1.31747 1.31767 2
USDJPY 108.758 108.778 2
USDCHF 0.99273 0.99292 1.9
AUDUSD 0.68129 0.68150 2.1
NZDUSD 0.63196 0.63215 1.9
EURGBP 0.86524 0.86543 1.9
EURCHF 1.10177 1.10198 2.1
EURJPY 120.705 120.723 1.8
AUDJPY 74.103 74.124 2.1
GBPJPY 139.492 139.521 2.9
USDSGD 1.36590 1.36610 2
XAUUSD 1488.56 1488.84 28
XAGUSD 17.439 17.466 2.7

The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.

Subscribe To Our Newsletter to ReceiveDaily Forex Market Analysis, Invites and more!

Subscribe To Our Newsletter to ReceiveDaily Forex Market Analysis, Invites and more!

Join our mailing list to receive the latest news and updates.

You have Successfully Subscribed!