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  • U.S., China close to finalizing some sections of trade deal

Added at 11:23am

  • US and China are close to finalizing some sections of trade deal, US trade representative says

    From cnbc.com

    The U.S. and China have made progress in trade discussions and have come close to finalizing parts of a phase one deal, the Office of the U.S. Trade Representative said Friday. The agency issued a statement outlining the state of discussions following a conversation U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin had with Chinese Vice Premier Liu He. “They made headway on specific issues and the two sides are close to finalizing some sections of the agreement,” USTR said. “Discussions will go on continuously at the deputy level, and the principals will have another call in the ... (full story)

so if it comes to true, we won't have any rate cut in the end of this year after cutting rate in next week.
China is priced in .

Rate cut priced in .

Not much else to price in now .

Earnings aren't keeping pace with market expectations but a good headline for a market needing drugs to stay at these levels
These BS headlines are all designed and timed to keep the market elevated . Trump and the Republicans are obsessed about the market
Quoting sadeghi
so if it comes to true, we won't have any rate cut in the end of this year after cutting rate in next week.
usd should get stronger , no ?
So True Van! This is going to end very badly.....
Quoting Ghass1234
{quote} usd should get stronger , no ?
You just gotta wait and see what happens cos right now, it's looking pretty much the opposite. But still wait and see.... TGIF, Cheers!!!
Quoting Ghass1234
{quote} usd should get stronger , no ?
Yeah, of course, especially next week.
Almost got margined. I'm out PC shut down. Have a good weekend
good job Mr. Trump but i just shotred s&p at 3025 coz game is over even if u gonna fart on twitter again and again
Quoting khalid33
good job Mr. Trump but i just shotred s&p at 3025 coz game is over even if u gonna fart on twitter again and again
Short that mada fakaaa!!!!
F - FAIL

https://www.washingtonpost.com/opini...ant-make-deal/
sweet.. red news..
keep em coming
The market will react to this news on Monday unless this is alternative facts. Anyways trump will not let this pass without any tweets. All in all It’s interesting Sunday opening ahead.
Why don't you push it till 30,000 that Dow Jones, might as well. Good luck I'm out of this train.
I'm gonna order my self a nice pizza and close all that.
Quoting Robert1991
{quote} Short that mada fakaaa!!!!
man all i want is to see this mofo close below 3000 today
Quoting Vancarbon
China is priced in . Rate cut priced in . Not much else to price in now . Earnings aren't keeping pace with market expectations but a good headline for a market needing drugs to stay at these levels
The P.M.I. from US is good ,in UE is bottoming up, QE in UE and US ,Brexit is comming to an end , Trade deal with China looks real for now and Fed might stop cutting rates after next week, also major earnings to see next week
then we will find out its roumer and sell again!! news swinging?! duh
If we find out later today this news turns out to be a dud, watch out for explosive moves across the majors.
Quoting khalid33
good job Mr. Trump but i just shotred s&p at 3025 coz game is over even if u gonna fart on twitter again and again
I think Hillary Clinton is LONG S&P until 3200. Which is in line with Goldman Sachs prediction. All printed money worldwide go directly to stock markets. Just attach your car's safety belt.
it's enough for Trump to tweet that December tariffs won't take off the table!!! in this case, the market direction will be reversed. whatever, if the phase one be signed and phase two will continue, Dow will go up above 27300 and s$p500 above 3200 and $index channel99. otherwise, DOW 26000, [email protected] 2600 and $index channel 96.
I think shorts are closing out also that causes a big spike up but on the flip side there's enough upside momentum here for Trump to get tough on the Chinese again that's the usual pattern
Quoting sadeghi
it's enough for Trump to tweet that December tariffs won't take off the table!!! in this case, the market direction will be reversed. whatever, if the phase one be signed and phase two will continue, Dow will go up above 27300 and s$p500 above 3200 and $index channel99. otherwise, DOW 26000, [email protected] 2600 and $index channel 96.
They will be "signing" those 3 phases until November 2020, then they will make 10 phases and continue the process indefinite. You have to understand - this is the end of Globalism and Chinese economy.
Quoting QuantumTunel
{quote} They will be "signing" those 3 phases until November 2020, then they will make 10 phases and continue the process indefinite. You have to understand - this is the end of Globalism and Chinese economy.
I talked about taking off the December tariffs if you noticed. it's seem unlikely to me that Pres. Trump do it because it's the most important pressure instrument. you yourself are saying November 2020, dude it's now October 2019!!! we all know this that Mr trump the most important part will leave for months of near election for affecting on the election result. you meant the stock market will be high for one years?!!! no that's not so, I guess the stock market will fall for not taking off December tariffs.
Big banks and MMs wirwling up some old dust again, as they are trying to make some volatility and liquidity. On Donald, he may has the flu, but doubt it, as the bugs avoid him....LOL. Generally, he got his "plate full" right now, without that use to affect his lips activity….
Quoting Vancarbon
You ok Tony ? If you're being serious ( i never know with you ) then maybe you were over leveraged on your positions . This market is heading for a major correction that's why they're squeezing the DJI ; SPX and NDX
I wasn't shorting a lot... I learned that it's hotter than a sauna. Just a bad week ending but not big losses. We'll see what happens with Brexit.
Thought "pump fake" was only for sports
Most people here are in the wrong business. You always complain about every news, tweet, market move. WTF? Thats how the market works and moves, if you can't handle it, this job is clearly not for you!

Its like if a football player complained about the opponent players wanting to take the ball from him.
I'm back. I'm shorting DOW and GPB.
Quoting OnlineAddict
Most people here are in the wrong business. You always complain about every news, tweet, market move. WTF? Thats how the market works and moves, if you can't handle it, this job is clearly not for you! Its like if a football player complained about the opponent players wanting to take the ball from him.
Not sure if this one was for me. My comment on pump fake was just a stupid attempt to be funny on a friday night. Frankly I dont care what is going on as long as there is volatility. No volatility no money.

Took a short in dow around 27. Looks ok so far but intent to run it so who knows.
Quoting Banditten
{quote} Not sure if this one was for me.
Nobody specific, I just saw a lot of complaining in news threads today, which I don't understand, as thats what moves the price.
I do not by any means complain from a tradingmperspective. But leaving that aside it surely seems that the biggest concern is dow. The last couple of days has shown some weakness and wupti- a trade deal is close. This may be true. And it may well feed the stock markets with new power to reach new hights but at the end of the day it will not save the entire world from a recession that china buys more soybean. The markets does not work like that and it will respond to news ofcourse and as a trader I can only trade what I see nomatter how wrong I think it is fundamentally..

Enjoy the weekend.
Think complaining on FF is normal, I think, at least it is better than traders shouting calls that goes immediately the opposite direction. Shouting calls simply confuses new traders and the end result is EVEN more complains......
Quoting NotBoris
Think complaining on FF is normal, I think, at least it is better than traders shouting calls that goes immediately the opposite direction. Shouting calls simply confuses new traders and the end result is EVEN more complains......
When inexperienced traders lose and complain on forums is kind of understandable confusion.

However when inexperienced traders lose because of lack of knowledge after which begin complaining to the regulatory bodies then The Money Security Systems around the world are making the life of knowledgeable and experienced retail traders very difficult by changing rules and tightening regulations.

Inexperienced retails should take this very seriously and step up their knowledge before risking their real money. This has become a really big issue and the outcome has high negative impact on the “middle class” experienced retailers as they suddenly need to deal with tighter regulations and difficult trading environments.

This is not criticism. It’s a honest and friendly advice.
Totally agree. Being from EU we have seen tougher rules on cfd trading. I use td365 in Australia (absolute super) but apparently Australia is also introducing restrictions.
  • Post #35
  • Quote
  • Edited at 10:23am Oct 26, 2019 10:10am | Edited at 10:23am
Quoting Banditten
Totally agree. Being from EU we have seen tougher rules on cfd trading. I use td365 in Australia (absolute super) but apparently Australia is also introducing restrictions.
Being from Oz and an experienced retail trader I hear you. I am totally snookered on another front, though. No broker will write naked futures options anymore. Have an account with a friendly US broker who is quite vocal about keeping client funds fastidiously segregated.

Gotta protect the inexperienced traders by shutting everyone out. re CFDs - yes, happening now. I think brokers do themselves a disservice by offering such insane leverage in the first place. Just looked at td365 - they seem cool, have some advantages over the outfit I use for CFDs.
Quoting LloydOz
{quote}....................... I think brokers do themselves a disservice by offering such insane leverage in the first place.......
There’s no problem with insane leverage. The problem comes from traders who do not know how to use it.
Quoting NotAtrader
{quote} There’s no problem with insane leverage. The problem comes from traders who do not know how to use it.
Quite so. Sorta like - I am quite a good driver. But put me behind the wheels of a Formula One car and you can nominate me for a Darwin award.
Quoting LloydOz
{quote} Quite so. Sorta like - I am quite a good driver. But put me behind the wheels of a Formula One car and you can nominate me for a Darwin award.
With other words - If you are a bad driver, putting you in a Formula One car will make you even a worse one.
Quoting NotAtrader
{quote} With other words - If you are a bad driver, putting you in a Formula One car will make you even a worse one.
No. I did not say that.
  • Post #40
  • Quote
  • Edited at 5:53am Oct 27, 2019 3:18am | Edited at 5:53am
Quoting LloydOz
{quote} No. I did not say that.
But I did. And I can tell you another version of if.

If you are a good driver and you get behind the wheel of a Formula One car, you will be able to drive faster than before without any significant problems (provided you don’t push too hard).

The same goes for the difference between low and high leverage (provided you are a good trader)
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  • Posted: Oct 25, 2019 11:15am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 40  /  Views: 14,957