US-China trade war news: Clash around law supporting Hong Kong

Yohay Elam FXStreet

Asian stocks: Sluggish amid trade war fears, Thanksgiving Day

While harsh statements from Chinese and Hong Kong diplomats to the US should have potentially dragged the Asian shares to south, losses are limited ahead. The reasons are many including Thanksgiving in the US, absence of major data and the previous positive catalysts.

The United States (US) turned a Bill into the Act that now gives the State Department the power to reviews Hong Kong’s special trade status and could lead to harsh sanctions on Human Rights violators. Read more…

NZD/USD: Under pressure around 0.6420 after NZ Building Permits amid trade war fears

The latest political tension between the United States (US) and China, over Hong Kong law, seems to weigh over the export-oriented economies off-late. On Thursday, the US President Donald Trump’s passed a law requiring an annual inspection of Hong Kong to maintain the special trade status and enable the US State Department to announce sanctions against violators of human rights. China and Hong Kong rushed with harsh criticism of the same and warned the Trump administration to stay out of the personal matter. Read more…

additional important levels

Overview
Today last price	0.6419
Today Daily Change	-2 pips
Today Daily Change %	-0.03%
Today daily open	0.6421

Trends
Daily SMA20	0.6393
Daily SMA50	0.635
Daily SMA100	0.6422
Daily SMA200	0.6553

Levels
Previous Daily High	0.6434
Previous Daily Low	0.6413
Previous Weekly High	0.6438
Previous Weekly Low	0.6362
Previous Monthly High	0.6437
Previous Monthly Low	0.6204
Daily Fibonacci 38.2%	0.6421
Daily Fibonacci 61.8%	0.6426
Daily Pivot Point S1	0.6411
Daily Pivot Point S2	0.6402
Daily Pivot Point S3	0.639
Daily Pivot Point R1	0.6432
Daily Pivot Point R2	0.6444
Daily Pivot Point R3	0.6453

China protests US law supporting Hong Kong but signals hope for trade deal - WSJ

The Wall Street Journal (WSJ) carried a gated story on Friday, quoting the US and Chinese officials, as saying that China condemned the US’ interference in Hong Kong’s internal affairs by threatening retaliation but refrained from it, against the backdrop of the ongoing US-China trade negotiations. Read more...

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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