Wall Street buoyed by trade talk progress
|Wall Street was lifted by positive comments about pre-meeting trade discussions between US and China. The talks officially start today. Japan’s Q4 GDP came in as expected, rebounding from Q3’s contraction.
US30USD Daily Chart
Source: OANDA fxTrade
-
The US30 index hit the highest since December 4 yesterday before edging off into the close. Progress in the US-China trade discussions, which officially start today in Beijing, supported the upmove
-
The index has yet to test the 78.6% Fibonacci retracement of the October-December drop at 25,768. The 200-day moving average is at 25,038
-
US retail sales are seen rising 0.2% m/m in December, the same pace as in November, according to recent surveys.
DE30EUR Daily Chart
Source: OANDA fxTrade
-
The Germany30 index rose for a third day yesterday, taking its cue from sentiment on Wall Street
-
The index is edged closer toward the 100-day moving average at 11,305
-
Germany’s Q4 GDP growth is expected to slow to +0.7% y/y from +1.1% in Q3, latest surveys show. A more marked slowdown would be negative for the index.
JP225USD Daily Chart
Source: OANDA fxTrade
-
The Japan225 index hit the highest in almost two month this morning, encouraged by the uptick in Japan’s GDP in Q4 and the positive close on Wall Street
-
The index is rising toward the 100-day moving average at 21,586, which has capped prices since December 4
-
The Japanese economy expanded 1.4% y/y in the fourth quarter of 2018, as expected, snapping the run of two quarters of negative growth.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.