China Fix 

While we expect the brain-twisting onslaught of headlines to unfold at any minute, I still think the G-20 meeting will be a formality at best. And although Mnuchin suggested we are 90 % there to a trade deal, yet that reaming 10 %   has always been the gap too far to bridge — especially that trust gap where the US wants to keep existing tariffs in place to ensure China compliance.


Despite may ho-hum view going into G-20, judging from Yuan price action in the past few days, the market appears to be trading more defensively, as buyers on dips have swarmed USDCNH. Price action should remain choppy in the next two days due to the onslaught of teaser headlines

Oil markets

Perhaps it’s a case of no boots on the ground in Iran, the bullish speculative length in the market, or oil traders suffering a case of the nervous Nellies ahead of the two most significant oil risk events of the year.

With many what if around the G-20 with Trump threatening plan B and even some jitters around Russian compliance heding into the OPEC meeting, and not to mention the delicate situation in Iran, there's cause to be nervous about at these lofty monthly levels. 

Frankly, in the absence of a defining headline, I think someone just ran the market at a vulnerable low liquid time as demand has come back quickly.

But in these headline-driven markets and despite the humongous inventory draws, it's always wise to expect the unexpected and remain a vigilant two-fisted trader with the sell trigger in one hand and the buy in the other.

Vanguard Market Pte Ltd provides forex, commodities, and global indices analysis, in a timely and accurate fashion on major economic trends, technical analysis, and worldwide events that impact different asset classes and investors.

Our publications are for general information purposes only. It is not investment advice or a solicitation to buy or sell securities.

Opinions are the authors — not necessarily Vanguard Markets Pte Ltd or its officers or directors. Leveraged trading is high risk and not suitable for all. Losses can exceed investments.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD falls toward 1.0850 amid relative coronavirus calm

EUR/USD is trading closer to 1.0850 as bargain-seekers grab stocks and push US yields higher after the coronavirus-related sell-off. Conflicting headlines about potential German stimulus have weighed on the euro.


GBP/USD pressured under 1.2950 amid Brexit, coronavirus fears

GBP/USD has been unable to recapture 1.2950 as markets are somewhat less worried about coronavirus. The EU's mandate for post-Brexit talks confirmed demands for a level-playing field that the UK rejects.


Cryptocurrencies: Exaggerated neurotic fear? Price doesn't lie

Current levels do not justify negative market sentiment. The panic created by Covid-19 could underpin the mass adoption of Blockchain technology. The main moving averages provide key support levels after the sharp rises from the December levels.

Read more

Gold surrenders early gains, refreshes session low around $1630 region

Gold surrendered its early modest gains and has now drifted into the negative territory, refreshing session lows around the $1634-335 region.

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex Majors