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  • Trade war: US and China agree tentative truce before G20 summit

    From scmp.com

    This story is part of an ongoing series on US-China relations produced jointly by the South China Morning Post and POLITICO, with reporting from Asia and the United States. The US and China have tentatively agreed to another truce in their trade war in order to resume talks aimed at resolving the dispute, sources familiar with the situation said. Details of the agreement are being laid out in press releases in advance of the meeting between Chinese President Xi Jinping and US President Donald Trump at the Group of 20 leaders summit in Osaka, Japan, this weekend, according to three sources – one in Beijing and two ... (full story)

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  • Post #1
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  • Jun 27, 2019 12:34am Jun 27, 2019 12:34am
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 131 Comments | Online Now
I've confirmed this story because I didn't believe it at first. Reuters is also reporting. I would have expected gold to come down on this news. Until I gave it some thought and had to remind myself, the market is always right.

There was no reaction to this news because it doesn't mean much. What was the alternative? Escalate tensions prior to their meeting?
Attached Image
 
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  • Post #2
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  • Jun 27, 2019 4:08am Jun 27, 2019 4:08am
  •  Haas9
  • | Joined Nov 2018 | Status: Member | 114 Comments
Quoting EventsTrader
Disliked
I've confirmed this story because I didn't believe it at first. Reuters is also reporting. I would have expected gold to come down on this news. Until I gave it some thought and had to remind myself, the market is always right. There was no reaction to this news because it doesn't mean much. What was the alternative? Escalate tensions prior to their meeting? {image}
Ignored
I remember when trump decided tarrif gold took two weeks to goes up and now the same its not so easy or everyone can make easy profit they will take prices down suddenly at the open of the market after weekend
 
 
  • Post #3
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  • Jun 27, 2019 4:11am Jun 27, 2019 4:11am
  •  Haas9
  • | Joined Nov 2018 | Status: Member | 114 Comments
I think gold will go up till friday to confuse traders and it will open at very wild gap down on monday
 
 
  • Post #4
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  • Jun 27, 2019 4:33am Jun 27, 2019 4:33am
  •  EventsTrader
  • Joined May 2019 | Status: iTrade | 131 Comments | Online Now
Quoting Haas9
Disliked
I think gold will go up till friday to confuse traders and it will open at very wild gap down on monday
Ignored
I agree that there will be volatility. If what you're saying occurs, that means Trump-Xi talks at the G20 went well and gold will drop on that news. I'm not sure what to expect from the G20. It's probably a good idea to go into the weekend flat. Good luck!
 
 
  • Post #5
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  • Jun 27, 2019 4:58am Jun 27, 2019 4:58am
  •  smctrader
  • | Joined Oct 2016 | Status: Member | 370 Comments
So...no trade deal, just "hopes of a trade deal in the future."

Market is celebrating this "truce", but will truce cause the global economy to start growing again? Probably not - businesses refrain from making capital investments when there is extreme uncertainty, and this "truce" does nothing to remove that uncertainty in my opinion. The global supply chains are still going to be a mess of uncertainty after this meeting.

Add in the fact that we are always "one tweet away from chaos" with our current president, and nothing here suggests to me that the G-20 meeting will lead to a result that alleviates business concerns - and make no mistake, if you read the latest Dallas Fed survey, businesses are extremely concerned right now about the future.

In summary, a truce is certainly better than an escalation, but will likely do very little to restore business confidence. I expect the gears of global trade to continue to grind slower over coming months.
 
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  • Post #6
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  • Jun 27, 2019 5:50am Jun 27, 2019 5:50am
  •  RossEdwards
  • Joined Jun 2019 | Status: Member | 2,983 Comments
Lot globally being hyped and put at stake in this Xi-Trump meeting..
A highly delicate, market sensitive complex negotiation turned into a Celebrity Game Show... with biggest danger to global market stability and sentiment to be Mr Trumps 2am Twitters?
How sad and dangerous is that to investors? traders? global stability?
HTF did we get to this dependence on Cult-of-Personality - CGS sentiment manipulation?
Gold-Oil-DXY-equities volatility all at risk this weekend.
 
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  • Post #7
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  • Jun 27, 2019 6:21am Jun 27, 2019 6:21am
  •  smctrader
  • | Joined Oct 2016 | Status: Member | 370 Comments
BREAKING from WSJ: "China's Xi Jinping to present President Trump with a set of terms for settling the trade fight, including lifting the ban on U.S. sales to Huawei"

https://www.wsj.com/articles/china-s...28961?mod=e2tw
 
 
  • Post #8
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  • Jun 27, 2019 8:27am Jun 27, 2019 8:27am
  •  Superflex
  • | Joined Nov 2017 | Status: Member | 49 Comments
CHINA, Wants to keep stealing from the US. That's the reason why theres stalemate.
1
 
  • Post #9
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  • Jun 27, 2019 7:54pm Jun 27, 2019 7:54pm
  •  mmforexinfo
  • | Joined Jan 2012 | Status: Member | 305 Comments
This person called "president" is so worried about China and just paying attention to his delusional things and he is totally forgetting about the country.
https://www.zerohedge.com/news/2019-...rd-world-state

This is clear to me that he , his administration and a bunch of white heads that support him don't give a shit about the americans. That way America WILL NEVER BE GREAT AGAIN.
 
 
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  • Story Stats
  • Posted: Jun 26, 2019 10:46pm
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 9  /  Views: 7,671
  • Linked events:
    All G20 Meetings
    All G20 Meetings
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