Analysts at TD Securities note that following China's increased purchases of US agricultural goods, US tariff delays and President Trump noting that a deal "could happen sooner than you think", hopes of progress during a fresh round of trade talks between senior US and Chinese officials in Washington were growing.
“While the incentive for both sides to get a deal done is intensifying given rising economic pressures on both countries, reports early in Asian trade cast doubt on whether any progress is likely. It began with the South China Morning Post reporting no advances in deputy level trade talks, that would see the Chinese delegation leave the US later today instead of Friday. However these remarks were contradicted first by CBNC, reporting that the South China Morning Post comments were inaccurate. Bloomberg also confirmed China’s Lie He would remain in Washington through to Friday. To add to this confusion, Fox news cited Chinese ‘trade sources’ that its Country’s team will leave on Thursday, but reports emerged the US was considering a currency pact with China as part of a partial deal. Earlier Trump signed off on licenses for some US companies to do business with Huawei.”
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2020 TeleTrade-DJ International Consulting Ltd
TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
TeleTrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.