In today’s early Asian session, a report from SCMP (South China Morning Post) has stated that U.S. and China have not make any progress in deputy-level trade talks ahead of today’s key trade negotiation talk between higher ranking officials according to sources. The first reaction from this negative news flow has triggered a risk off across the board with the S&P 500 E-Mini futures dropped by -1.2% to retest Wed, 09 Oct low of 2888, a drop of 60 pips in the USD/JPY from yesterday, 10 Oct high of 107.63 to print a current Asian session intraday low of 107.01 in line with a drop of 43 pips in the AUD/USD from ... (full story)