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Dollar set for a bullish turn
All conditions seem united for allowing the greenback to appreciate further short-term. Easing Middle East tensions combined with both the state visit of Chinese Vice Premier Liu He to sign the interim trade deal in Washington due next week along with upbeat labor data releases on Friday should put
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Sources: Terms of US-China phase one trade deal will be balanced and legally binding on both sides – Global Times
Citing sources close to the US-China trade talks and analysts on Sunday, China’s Global Times reports some optimistic comments on the phase one trade deal signing scheduled later this week.
Key Quotes:
“Phase one ... will cover a wide range of areas from intellectual property rights (IPR) to enforce
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Wall Street retreats after lukewarm payrolls
US equities slid on Friday after December’s US nonfarm payrolls data came in below estimate. US and China are expected to sign the first phase of their trade agreement mid-week while Japan markets are closed for a holiday today.
US30USD Daily Chart
Source: OANDA fxTrade
The US30 index snapped a t
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China’s trade growth seen rebounding in December – Reuters poll
Benefiting from a low base effect, the Chinese economy is likely to report stronger trade growth numbers in December, the latest Reuters poll of 31 economists revealed on Monday.
Key Findings:
“Exports by the world’s second-largest economy likely rose 3.2% in December from a year earlier, improving
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