Markets have started to look a little bit shaky as we move into a big week ahead, as the US and China get back together and try and nut out a deal on trade.

President Trump’s tariffs are set to increase to 25% from 10% on a range of products on March 1. The 90-day window looks like it might be getting a little bit tight as delegates try and negotiate a deal.

If the two parties can’t reach an agreement or make significant progress, we’ll likely see more pressure on risk assets later in the week.

This week there’s a host of big data points set to be released, particularly out of the US and UK. They include CPI and Retail Sales as well as UK GDP. We also have the RBNZ interest rate decision, which comes on the back of some dovish moves by other Central Banks.

Forex Signal Update

The FX Leaders Team finished with 12 winning signals from 18 trades in what was a strong performance from the guys.

USD/JPY – Active Signal

The USD/JPY has found itself in a tight range coiling below the key resistance level at 110.00. This can often lead to a nice move in either direction and we are short looking for some downside here.

AUD/USD – Active Signal

The AUD/USD has had a bad seven days and we are short on the back of a dump on Friday. Price has pulled back a bit in Asian trade, but the momentum is still down with resistance at 0.7100.

Cryptocurrency Update

Bitcoin has finally awoken from its slumber and saw a sharp price spike up to the $3,700 level. The FX Leaders Team took a short position around that area, looking for a retrace.

Since then price has fallen back to $3,600 and is holding steady for now.

The big test will be to see if and how price attempts to bounce. If it can’t regain those highs on the spike, it is likely still weak.