China Trade Deal

On and Off Again China Trade Caused Market to Drop and then Jump

European shares decreased on Wednesday, as a collision inquiry into President Donald Trump and China’s trade relations were concerned that investors would keep bold promises.

China Trade Deal

FTSE 100 UK benchmark closed down 0.02 percent, German Dax ended down 0.59 percent, French CAC ended the day down 0.79 percent.

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US stock indexes rose on Wednesday after President Donald Trump said that a trade event with China could happen earlier than expected.

Dow Jones closed up to 0.61 percent, S&P 500 ended up to 0.62 percent, Nasdaq finished the day up 1.05 percent.

The result of the Exchequer fund has been very successful on Wednesday, which was highlighted by President Donald Trump in relation to trade dealings with China.


Results increased by a 10 year note to 1.721% from 1.635% in late Tuesday, after minimizing 1.63% for an earlier fortnight. Results on 30 year bonds were also higher at 2.134%, from 2.095% on Tuesday.

The gold fell by 2% on Wednesday, as political concerns in the United States on an inquiry into the migration of investors kept in mind.

The gold point fell by 1.8% to $ 1,504.61 per ounce at 2:13 p.m. EDT (1813 GMT). Earlier prices fell than 2% to $ 1,501.55 ounce.U.S. gold futures settled down 1.8% at $ 1,512.3 ounces.

Oil fell by more than 1% on Wednesday, after rising raw stockpiles were unexpected and as Saudi Arabia kept a sharper recovery on its oil production.

Brent raw futures settled at $ 62.39 barrel, shedding 71 cents, or 1.1%,.

Market Roundup

• Oil falls as U.S. inventories rise

•U.S. sales of single family homes rise

• Wall Steet hits session high

• US Aug New Home Sales (MoM)  7.1%,3.5% forecast,-8.6% previous

• US Aug New Home Sales  713K, 660K forecast, 666K previous

• Brazil  CAGED Net Payroll Jobs 121.39K, 98.00K forecast, 43.82K previous

Looking Ahead – Economic Data (GMT)

No economic data ahead

Looking Ahead – Events, Other Releases (GMT)

• 06:35 Japan BoJ Governor Kuroda Speaks

• 13:30 US FOMC Member Kaplan Speaks

• 13:30  Eurozone ECB President Draghi Speaks

• 13:45  UK BoE Gov Carney Speaks

• 14:00  US FOMC Member Bullard Speaks
• 15:45 US FOMC Member Clarida Speaks

• 15:45 US FOMC Member Daly Speaks

• 18:00  US FOMC Member Kashkari Speaks

Currency Market Trade: USD/JPY

The USD/JPY pair changed its direction and resumed the decline after a long growth in the first half of September.

At the end of last trading week, the price reached the lower border of the upward range, broke it and rushed lower. The instrument moved into a narrow downward range but the trend slowed amid the lack of key releases in Japan and the US but later, poor data on major US indices affected USD negatively.

On Thursday and Friday, key US releases will be published: data on the labor market and economic growth rates which may support USD, and the pair will return to the upward channel, which it left a few days ago.

Support and resistance

In the medium term, growth is expected to resume to the level of 108.60.

On the daily chart, technical indicators confirm the growth forecast: high volumes of long MACD positions remain, and Bollinger bands are directed upwards.

Resistance levels: 107.50, 107.75, 108.40, 108.60, 109.00, 109.30.

Support levels: 107.15, 107.00, 106.70, 106.40, 106.10, 105.50.

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