Market Updates: Trump may Sign Deal with Chinese President Xi Jinping - Forex News by FX Leaders

Market Updates: Trump may Sign Deal with Chinese President Xi Jinping

Posted Tuesday, February 26, 2019 by
Arslan Butt • 1 min read

The US President Donald Trump said that he may soon sign a deal to end the trade war with Chinese President Xi Jinping if their countries can bridge remaining differences. He repeated, the negotiators were “very, very close” to a deal.

Still, the tariffs on $200 billion worth of Chinese imports had been set to rise to 25% from the current 10% if no deal was reached by Friday.

Potential Impact:

Dollar – Weaker

Stock Market – Stronger

Gold – Weaker (over risk-on sentiment)

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments