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Today's Market Fundamentals
The US – China trade talks went deep in the night before China started releasing snippets during the evening, it seems a mixed bag, but the Chinese and the US will be releasing feedback today – the market will be hoping that the feedback is similar in nature. As we know, Donald Trump was not in Beijing as he continues to attend to the government shutdown in Washington, his address to the nation was somewhat underwhelming as all he gave us is that negotiations on his wall continue.
The Democrats responded by stating they would be happy to reopen government and then negotiate further on the wall – as much as I think all of this is ridiculous – why would Trump open government and then negotiate?
The market will continue to keep an eye on the trade negotiation recap today, as I mentioned yesterday, there is continued signs of Chinese weakness with car sales declining for the first time in 25 years. Are these trade talks going to make much difference?
Today's Market Trading Levels
- EURNZD SELL 7038 – 1.7075
- Gold SELL 1296 – 1301
- Brent SELL 85 – 61.00
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