China’s highly-influential news outlet, Global Times, is out with an opinion piece after China’s State Council announced that it plans to cut added tariffs on US imports by half from Feb. 14.
China likely considering disaster-related clause in phase one trade deal with the US over coronavirus outbreak.
China decision on disaster clause in phase 1 trade deal with the US unlikely until full assessment at end-Q1.
- Forex Today: Aussie – the strongest as China trade optimism boosts risk further
- Asian stocks: China’s trade-positive step adds to the market’s risk-on
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Follow us on Telegram
Stay updated of all the news
AUD/USD holds lower ground near 0.6700 on softer China inflation data
AUD/USD is holding lower ground near 0.6700, having retreated from monthly highs. The Aussie pair keeps its corrective decline intact after China's CPI and PPI data came in softer than expected. The US Dollar has paused its decline, weighing further on the pair.
EUR/USD consolidates near two-week high, setup favours bullish traders
The EUR/USD pair is seen consolidating the previous day's strong gains to over a two-week high and oscillating in a narrow trading band through the Asian session on Friday. Spot prices currently trade around the 1.0775-1.0780 region and seem poised to build on the recent bounce from the 1.0635 region.
Gold bulls need acceptance from $1,970, $1,990 and Fed
Gold remains sidelined as bulls take a breather after rising the most in five weeks the previous day, staying on the way to posting the second consecutive weekly gain. The XAU/USD is yet to cross the short-term key hurdles.
Polygon price readies for a 20% recovery as volume of exchange outflows reduces by 55% in 24 hours
Polygon price recorded a stunning downtrend during the week, losing around 15% as the crypto market heated up. This followed the actions of the United States Securities and Exchange Commission (SEC).
Jobless claims may offer well-timed comfort for the Federal Reserve
Jobless claims spiked last week in what could be the start of another trend higher after stabilizing over the last few months. Claims had been expected to rise much earlier than this but for one reason or another, they've stayed remarkably steady. It's also worth noting that this is only one release so unless it's backed up by more of the same, we can't read much into it.