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  • Trump May Meet Xi at G-20 Summit to Discuss Trade, Kudlow Says

    From bloombergquint.com

    President Donald Trump may hold talks with his Chinese counterpart Xi Jinping at a meeting of the Group of 20 nations at the end of next month to resolve the escalating trade dispute, a senior White House adviser said. “Better to talk than not talk, but the talks have to be serious,” White House National Economic Council Director Larry Kudlow told Bloomberg Television in an interview Friday. G-20 leaders will meet in Buenos Aires from Nov. 30 to Dec. 1. Trump “believes that whole trading relationship is broken, and we have been negotiating on it on and off. It has been unsatisfactory thus far,” Kudlow said, ... (full story)

Let's see AUD gap up
DXY down on this news, buy other USD Pairs
Quoting XuMar
Let's see AUD gap up
AUD will gap up big because of Brazilian election, seems like Bolsonaro is winning by landslide, so both AUD and NZD gap up on Monday
Quoting brr001
{quote} AUD will gap up big because of Brazilian election, seems like Bolsonaro is winning by landslide, so both AUD and NZD gap up on Monday
Can you please explain the relaiton of the election and the AUD and NZD up comment? I dont know it and I wanna know it.
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Quoting brr001
DXY down on this news, buy other USD Pairs
I dont uderstand. DXY is a basket of US Pairs? And Index of Dollar strength/weakness acreoss all majors?
If DXY is down which "other US pairs do you suggest buying that is swimming against this trend?
Please advise.
Quoting brr001
{quote} AUD will gap up big because of Brazilian election, seems like Bolsonaro is winning by landslide, so both AUD and NZD gap up on Monday
gap up or gap down
They can talk all they want, it is highly doubtful that anything will come of it. What the US is demanding means wholesale domestic change in Chinese policy, and there no way that will happen. Everything in the news is just fodder! The plan for US negotiators is to strengthen trade relations with Europe and other Asian countries initiating a squeeze on China's economy strategy. China on the other hand is doing itself no favors by playing the waiting game. Remember they tend to think in the 100 year term, so waiting it out until the next administration is elected so they can bribe them is what they are hoping for, starting with the upcoming mid-terms. However, their strategy may back fire, as many members already seeing the writing on the wall are retiring or opting to not seek re-election due to some unholy alliances with the Chinese national companies who are and have been one of Washington's biggest lobbyists! Interesting times we live in, and eventually the game gets call out exposing the greed and manipulation of the CHICOMS!
Quoting Desert Storm
{quote} gap up or gap down
True, it does not matter... Since, gap up or gap down is meaningless, but the bullish trend will be up. Specially, if you look at NZDUSD 4H, there is an inside bar formation, and with this news, it has a tendency to break out upward... However, on Gap Up, I believe, there could be a Professional Gap Up formation to trap the sellers below, a Professional gap up can be a big one
Quoting brr001
{quote} True, it does not matter... Since, gap up or gap down is meaningless, but the bullish trend will be up. Specially, if you look at NZDUSD 4H, there is an inside bar formation, and with this news, it has a tendency to break out upward... However, on Gap Up, I believe, there could be a Professional Gap Up formation to trap the sellers below, a Professional gap up can be a big one
Not sure I see the inside bar on NZDUSD 4 hour chart you reference in your comment....
Attached Image (click to enlarge)
Click to Enlarge Name: 4H nzdusd.PNG Size: 558 KB
Oh, now I see it. It's on the chart on the left which charts the ask; the chart on the right charts the bid (no inside bar there)
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  • Story Stats
  • Posted: Oct 6, 2018 2:08pm
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 10  /  Views: 2,873