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US and China Reach Deal in Principle

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  • ....surprised the $AUDUSD isn't making a big a run on the news as the Yuan. Where is the trust in governments nowadays?
  • $USDCNH hits lowest level since November 7th on US-China trade headline #Tradewar https://t.co/PcSLV3Grzq
  • Here is the $USDCNH's reaction to further reports that the US and China have come to an agreement in terms on the Phase 1 deal. Biggest drop since Aug 13 and below the overbearing 7.00 mark https://t.co/YodgpERi5K
  • I won't look a gift horse in the mouth, but didn't they say they reached a deal in principal when they first announced the Phase 1? https://t.co/cvK7295ZxI
  • A close above 82.76 highlights more bullish market and opens the door for buyers to rally $CADJPY towards 83.65. Get your technical analysis from @malkudsi here:https://t.co/ZiZb6DN8mJ https://t.co/q2R55UhkjB
  • When is a break not a break? When there is neither conviction nor liquidity to carry follow through. $DXY https://t.co/RUtosesJTV
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.28% Silver: 0.21% Gold: -0.53% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/hsfV8baaID
  • US reaches agreement in principle with China, awaiting signoff by Trump -BBG
  • BOC's Poloz: - Finalizing USMCA is critical for investment in Canada $CAD
  • Representative Hoyer says House will vote on USMCA next week $CAD $DXY $MXN
It's a Euro Sovereign Crisis versus a US Downgrade and QE3 for EURUSD

It's a Euro Sovereign Crisis versus a US Downgrade and QE3 for EURUSD

2011-07-14 00:51:00
John Kicklighter, Chief Currency Strategist
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