President Donald Trump: We're going to see if we can make a deal with China

Risk rallies on the back of bullish tones from Trump with respect to trade talks with China.
USD/JPY has jumped 20 pips on the comments and pierced into the 108 handle.

Ross J Burland FXStreet

President Donald Trump has been crossing the wires, speaking at a campaign rally in Minneapolis and saying that "We're going to see if we can make a deal with China."

Additional comments pertaining to trade talks with China:

China has been very nice.

FX implications:

The comments follow talks between Chinese and US delegates in Washington overnight and come ahead of a highly anticipated meeting between Trump and Chinese Vice Premier Liu today - Liu met with top US trade negotiators, Steven Mnuchin and Robert Lighthizer, overnight which was the first time the two sides have met since July. USD/JPY has spiked on the comments and pierced into the 108 handle.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

EUR/USD remains bid near 1.1650 post-US ADP

Finally some respite for the risk complex see EUR/USD partially recover from the recent steep sell-off, this time hovering around the 1.1650 zone amid decent gains in a context of renewed selling pressure on the US Dollar. However, the duration and extension of this bounce should be put to the test amid the unabated tensions in the Middle East.

GBP/USD meets resistance around 1.3400

In line with its risk-linked peers, GBP/USD stages a modest comeback on Wednesday, although meeting some resistance around the 1.3400 neighbourhood. Cable’s humble recovery comes on the back of the fresh downward bias in the Greenback amid a marginal improvement in the global sentiment and steady geopolitical effervescence.

Gold flirts with $5,200 amid safe haven demand

Gold partially fades Tuesday’s sharp pullback, regaining the $5,200 mark per troy ounce on the back of the resurgence of investors’ demand for the safe-haven space. The precious metal remains well propped up by the deterioration of the geopolitical scenario in the Middle East, while the softer tone in the US Dollar collaborates with the uptick.