President Trump: China talks went very well today, will continue tomorrow

Ross J Burland FXStreet

Following trade talks today, President Trump has said that they went very well t and will continue tomorrow.

This follows a risk-on sesisonon Wall Street with US stocks closing in the green on the headlines that Trump will meet China's top negotiator on Friday, raising hopes for progress from two days of talks in Washington. The Dow Jones Industrial Average added 150.66 points, or 0.6%, to 26,496.67 while the S&P 500 index put on 0.6%, or 18.73 points, to 2,938.13. The Nasdaq Composite Index added 47.04 points, or 0.6%, to finish at 7,950.78.

FX implications:

Looking to the currency strength indicators, the Yen was the worst performer on the day and GBP followed bu the Aussie and euro came in as the top three performers. However, the Yen has been moving its way up the leader board in the last hour and 4-hour time frames.

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.

GBP/USD stays defensive near 1.3300 amid pre-Fed market caution

GBP/USD stays defensive near 1.3300 in the European session on Tuesday. The pair struggles as the US Dollar (USD) sits at monthly highs amid market caution ahead of the two-day US Federal Reserve monetary policy meeting, starting later this Tuesday.

EUR/USD hangs close to monthly lows near 1.1350 on USD strength

EUR/USD is consolidating near the monthly trough, trading near mid-1.1300s in the European morning on Tuesday, undermined by persistent US Dollar demand. Traders seem hesitant and await the outcome of a two-day FOMC policy meeting before placing aggressive directional bets.

Gold languishes below $4,050; eyes further losses as focus remains on FOMC decision

Gold (XAU/USD) maintains its offered tone through the first half of the European session on Tuesday and currently trades just below $4,050, down nearly 0.80% for the day. This follows the previous day's failure to find acceptance above the $4,100 mark and suggests that the path of least resistance for the bullion remains to the downside amid a bullish US Dollar (USD) undertone.

Bitcoin slips below $64,000 as risk-off sentiment grips markets

Bitcoin (BTC) is extending its correction, trading below $64,000 at the time of writing on Tuesday after losses of over 2.5% the previous day. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) recording a mild outflow on Monday, marking three consecutive days of withdrawals.

Indian Rupee outlook: Downtrend set to persist – Just at a slower pace

The Indian Rupee just endured its most brutal six-month stretch in years, battered by a perfect storm of global shocks. From United States (US)-India trade uncertainty to surging Oil prices and the significant outflow of Foreign Institutional Investment (FII) from the Indian stock market, every event brought nothing but pain for the Indian currency.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.