Forex Today: China trade surplus rises to records, bulls remain cautiously hopeful
|In forex today, the big news of the Asian trading session was China's trade balance, which surged to a record high against the US and is sure to draw ire from policymakers in America, with US President Donald Trump pushing the two nations further into a trade war in an effort to decrease the China-US trade balance.
Chinese trade balance hits record amidst little fanfare
China's trade balance beat wasn't able to inspire the Aussie into any meaningful momentum, and the AUD/USD remains trapped at the week's highs near 0.7130, while the Greenback enjoyed a mild bounce against the Japanese Yen in early Friday action, lifting back above the 112.00 handle and trading into 112.40 ahead of the European market session.
EUR/USD nears 50-day EMA hurdle, stock plunge shock wearing off
The Euro cracked the 1.1600 level in Asian markets as the week's 'stock shock' begins to wear off, and the Euro's rise on the week could see challenges ahead as Italy remains a significant bearish headwind for the EUR.
GBP/USD: Closing on 200-day EMA on Brexit optimism
UK investors are remaining confident that the current progress in Brexit talks could translate into hard action and agreements between the European Union and Britain, and the Sterling is enjoying a good rise against the US Dollar, poised for a challenge of the 200-day moving average.
Key notes from the Asia session
China's trade surplus with the US hit record highs in September
IMF: sustained trade tensions and Fed tightening to hurt Asian growth
China probe of local government debt exposing deeper liabilities than reported - Yicai Global
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.