|Day's range||13,172.89 - 13,261.72|
|52-week range||10,279.20 - 13,308.26|
While economic data will influence, Beijing and Washington will likely have the greatest impact on risk appetite in the week ahead.
Global markets edge higher on trade hopes but still no deal in sight, traders are warned to expect too much from the deal when and if it comes.
Trade talks hit yet another snag as demands for the U.S test China’s resolve. Economic data out of the U.S will also influence later in the day.
Trump comments on trade and caution ahead of Powell’s testimony to Congress later today leaves the futures in the red early on…
Investing.com -- The escalation of violence in Hong Kong over the weekend has cast a pall over European stock markets on Monday, reinforcing a “risk-off” move that was already underway thanks to comments from the U.S. playing down the chances of a mutual reduction in import tariffs with China.
It’s a big week for the markets. UK politics and trade are in focus on the geopolitical front, with the RBNZ also in action. Stats will also influence.
Thursday’s Bank of England meeting led to more downside in GBP/USD as policymakers surprised the markets by putting a larger focus on downside risks in the markets.
Trade data out of Germany and corporate earnings are in focus, with trade data out of China to set the tone earlier in the day.
Global markets move higher as a Phase 1 Trade Deal draws closer. But traders are warned not to trust the global equity rally.
It will be another testy day ahead for the majors, with earnings, economic data, and sentiment towards trade providing direction.