• Dr Akela

Markets Up on Trade Hopes

What's New

. Asian markets gained this morning today, with the Hong Kong market leading the way, as pro-democracy candidates gained control of at least 12 out of 18 district councils. In the election, pro-democracy protesters are now represented in the government, which will likely prompt the city’s government to respond to some key issues.

. At the same time, Chinese state media continued to criticize the US stance on the Hong Kong issue.

. As the US and China are struggling to reach a preliminary phase one agreement, Reuters reported that a phase two trade agreement is looking less likely. Still, the US national security adviser said that an initial trade agreement with China is still possible by the end of the year.

. As a result, the dollar and export-focused currencies traded flat, with the GBP also rising on hopes for an imminent Brexit.

. Institutional players are net bullish on Oil, Gold, the Loonie, and the Russian Ruble, as the CFTC data showed, with net bearish positions on the Euro, the Sterling, the Yen, and the Kiwi.

. Early today, the Japanese Leading Index came out at 91.9, compared to expectations of 92.2, but remaining at the exact same levels as the previous month.


Up and Coming

. German Ifo is the most important release of the day and, as we suggested yesterday, we expect a positive surprise.

. Chicago Fed and Dallas Fed Indices are out today, with both expected to show an improvement.

. New Zealand retail sales for q3 are due today, with a question mark remaining on whether the country will continue to show positive gains.

. Two important speeches today, the first from the ECB's Chief Economist, Philip Lane, at 18:00 GMT, and the second by Fed Chairman Jerome Powell at 00:00 GMT.


Currency Wolf is a leading provider of trading signals with a proven 89% success rate, supported by thousands of members throughout the world. Currency Wolf provides a constant flow of signals every day, to ensure its members never miss a trading opportunity, as well as frequent market updates to keep members up to date with the world news and markets.


Join The Pack! Sign up or upgrade to Premium Currency Wolf here!


Never miss an opportunity! Premium members receive instant trade signals via Telegram!


Follow us on Facebook to stay up to date!

marketupdate currencywolf tradewar brexit policy forex forexsignals forexsignal freeforexsignals freeforexsignal tradesignals tradesignal freetradesignal freetradesignals proven success bestsignals bestforexsignals bestforexsignal eurusd eurgbp jpyusd cadusd oil natgas xauusd gbpusd euraud audcad audusd appl msft googl silverwti forexnews tradingnews tradingupdates