Today, the US and China Will Sign the Phase-One Trade Deal

During yesterday's trading session, the US dollar remained unchanged relative to the basket of major currencies. The dollar index (#DX) closed yesterday in the green zone (+0.04%). Investors have taken a wait-and-see attitude before concluding a deal between the US and China. According to media reports, the US duties on Chinese goods are likely to stay unchanged until the US presidential election. Their reduction or cancellation will depend on Beijing complying with the terms of the phase-one trade deal. US President Donald Trump and China’s Vice Premier Liu He, who is in Washington, are planning to sign the phase-one deal of the settlement of the trade dispute between the two countries today. 10 months after the signing of the agreement, the United States will study the progress made by China and may consider reducing or cancelling duties.

The British pound strengthened after statements by Prime Minister Boris Johnson. The official said that before the end of the year Britain is likely to conclude a comprehensive trade deal with the EU.

The "black gold" prices are declining. Currently, futures for the WTI crude oil are testing the $58.10 mark per barrel. At 17:30 (GMT+2:00), US crude oil inventories will be published.

Market Indicators

Yesterday, there was a variety of trends in the US stock market: #SPY (-0.15%), #DIA (+0.07%), #QQQ (-0.39%).

The 10-year US government bonds yield has declined. At the moment, the indicator is at the level of 1.79-1.80%.

The Economic News Feed for 15.01.2020:
  • - Consumer price index in the UK at 11:30 (GMT+2:00);
  • - Producer price index in the US at 15:30 (GMT+2:00);
  • - Fed’s Beige Book at 21:00 (GMT+2:00).

by JustForex, 2020.01.15

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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