Breaking news: US and China trade news latest
|The US and China are reportedly moving closer to a trade deal, despite the recent heated rhetoric according to a Bloomberg article.
This has moved the market to a risk on response with AUD, NZD, CAD strength and JPY, CHF and gold weakness. The positive US-China trade news is a risk for AUDJPY sellers. This is positive news for the US-China trade deal.
However, some comments: Which sources are these? Always be aware of reports quoting ‘sources’. We need to get some confirmation about which sources for a true return to risk on. Watch out for breaking news with more detail.
Here is what to look for on changing risk sentiment:
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If Risk on sentiment expect: AUD, NZD, CAD strength and JPY, CHF weakness.
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If Risk off sentiment expect : JPY, CHF strength and AUD, NZD, CAD weakness.
AUDJPY and gold buyers sellers should be cautious now as we could be seeing a return to a ‘risk on’ trading session. Watch for more US-China headlines
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