US-China Trade War - Part 2

FIBO_Group

Master Trader
Jun 20, 2016
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China stated that both sides should implement the first phase of a trade agreement with equality and mutual respect.

The Chinese Foreign Ministry offers conciliatory tones for a trade deal, because the first phase of a trade deal is beneficial for China, the United States and the whole world.

This is certainly good news for the financial markets, as it reduces risks for the global economy. As a result, we are witnessing a weakening of JPY throughout the entire market, but traders and investors are still reacting with restraint, because a similar response from the United States is needed to strengthen optimism.

The appearance of any additional information on the reconciliation of the parties and their readiness to reach trade agreements will help strengthen stock indices and restore commodity asset prices.
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