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Major markets lacking direction, awaiting real traction on trade talks
Markets have become somewhat marooned in recent sessions as traders are in wait and see mode for decisive progress to come out of the trade negotiations between the US and China. The dollar has stabilised in the wake of the Fed minutes on Wednesday, but there is a lack of decisive direction to be taken out of recent data points, something which may now continue until next week’s Advance GDP. In the meantime, the clock ticks down on the trade negotiations. Donald Trump is meeting with Chinese Vice Premier Liu He today with a suggestion that there is traction being made. However, given that this has been the line for ... (full story)