US Pres Trump says he postponed talks with China

Ross J Burland FXStreet

US President Donald Trump says he postponed talks with China and that he doesn’t want to talk to China now.

Asked if he will pull out of trade deal with China, Trump says ''we'll see''.

Meanwhile, the Phase 1 review that had been scheduled for the weekend was cancelled.

The centrepiece of the phase one trade deal is China’s commitment to buy at least $200 billion more in US goods and services over two years on top of its purchases in 2017.

In the first half of 2020, China bought less than a quarter of the targeted full-year amount of US goods agreed under the deal, according to data compiled by Peterson Institute for International Economics.

Despite this lag, however, US President Donald Trump’s top economic advisor Larry Kudlow recently said that China’s purchases of American goods are “really good numbers,” as reported by Reuters.

Kudlow also denied that the phase one trade deal would be voided given the recent deterioration in US-China ties, according to the report.

However, the implications of the tensions remain bearish for markets.

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.

AUD/USD eyes 0.7000 as China GDP surprise powers rally

The Australian Dollar registers two days of consecutive gains versus the US Dollar, trading at 0.6980, up more than 0.50% as risk appetite improved, while the Aussie was supported by strong data on China’s GDP and Retail Sales.

USD/JPY struggles near 158.00 amid hawkish BoJ, subdued USD

USD/JPY remains defensive near 158.00 in the Asian session on Monday, as the US Dollar remains depressed near a two-week low amid the recent decline in US bond yields. Furthermore, looming intervention risks underpin the Japanese Yen and weigh on the pair amid BoJ Governor Kazuo Ueda's hawkish remarks. However, Fed rate-hike bets and geopolitical uncertainties could limit USD losses and the major.

Gold tumbles below $4,150 amid elevated US Treasury yields

Gold price falls to around $4,135 during the early Asian session on Tuesday. The precious metal extends its downside as US bond yields stayed elevated despite falling energy prices. Traders continue to assess the outlook for US interest rates ahead of next week’s Federal Reserve policy meeting.

Ethereum holds $2,400 as BitMine continues buying

Ethereum (ETH) trades near $2,400 on Monday, reversing a slight recovery from the early Asian session despite digital asset treasury firm BitMine Immersion (BMNR) scooping additional ETH tokens. The Las Vegas-based firm purchased 12,535 ETH last week, extending a weekly buying streak that stretches back to June 30, 2025.

The US Dollar fell. Gold didn't rally. That tells you everything

Gold is struggling to capitalize on a weaker US Dollar, after repeatedly failing to establish itself above the $4,200 level. The precious metal remains confined to a relatively narrow trading range despite a combination of developments that would normally support higher prices.

The US Dollar fell. Gold didn't rally. That tells you everything

Gold (XAU/USD) is struggling to capitalize on a weaker US Dollar (USD), after repeatedly failing to establish itself above the $4,200 level. The precious metal remains confined to a relatively narrow trading range despite a combination of developments that would normally support higher prices.