Senior US officials will say trade talks have made a big progress to pump up US stocks – Global Times


Global Times Editor-in-Chief Hu Xijin is out on the twitter to spoil the recent risk-on mood, tweeting out: “I predict there is a high probability that President Trump or a senior US official will openly say in a few hours that China-US trade talks have made a big progress in order to pump up the US stock markets. They've been doing this a lot.”

This comes in response to the latest Bloomberg report that cited people familiar with the trade talks, as saying that the US and China are moving closer to a trade deal despite the escalating tensions over the Hong Kong and Xinjiang bills.

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.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News


Latest Forex News

Editors’ Picks

AUD/USD struggles to carry four-day winning streak above 0.6900

AUD/USD seesaws around 0.6925, following a U-turn from 0.6901, during the early Asian session on Friday. The pair’s failure to extend the recent upward trajectory seems to take clues from the broad risk-aversion wave.

AUD/USD News

USD/JPY: Still ranging around 107.50

The USD/JPY pair is finishing Thursday with modest gains a few pips above 107.50, after barely reacting to US employment data and equities movements. Better than expected US employment data fell short of boosting the pair.

USD/JPY News

Gold: Bears seeking justice below key support

XAU/USD has been a mixed bag this week and for the start of the month, trapping bears ina recent stop hunt from the $1,757.66 level where it met a high of $1,779.69 on the last session before the US long weekend. 

Gold News

NFP Soar: A record 4.8 million jobs added in June, unemployment drops to 11.1%

American employers hired back 4.8 million workers in June and the unemployment rate dropped to a pandemic low of 11.1% as the US economy continued to reopen despite setbacks in some states.

Read more

Oil: $40 per barrel has been broken again but there is a lack of conviction at these current levels

WTI has continued to move higher on Thursday but the price action seems pretty lacklustre despite volatility elsewhere. There have been some decent news stories in the past few sessions as it was confirmed OPEC output reached a two-decade low after over compliance from Saudi Arabia. 

Oil News

Forex MAJORS

Cryptocurrencies

Signatures