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Daily Markets Broadcast 2019-02-18

Daily Markets Broadcast

2019-02-18

Wall Street climbs as trade talks progress
US-China trade talks supposedly made significant progress last week, so much so that they will continue in Washington this week. China’s new loans data suggest stimulus measures may be taking hold.
US30USD Daily Chart
[1]

Source: OANDA fxTrade

  • The US30 index posted the biggest one-day gain since January 4 on Friday, rising to the highest level in 10 weeks on trade talk optimism
  • The next resistance point could be the December high of 26,085. The 200-day moving average at 25,051 may act as near-term support
  • It’s the US Presidents’ Day holiday today, with no data releases scheduled. Liquidity/activity may be thin.

DE30EUR Daily Chart

[2]

Source: OANDA fxTrade

CN50USD Daily Chart

[3]

Source: OANDA fxTrade

 

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Andrew Robinson

Andrew Robinson [6]

Senior Market Analyst at MarketPulse [7]
A seasoned professional with more than 30 years’ experience in foreign exchange, interest rates and commodities, Andrew Robinson is a senior market analyst with OANDA, responsible for providing timely and relevant market commentary and live market analysis throughout the Asia-Pacific region. Having previously worked in Europe, since moving to Singapore he worked with several leading institutions including Bloomberg, Saxo Capital Markets and Informa Global Markets, proving FX strategies based on a combination of technical and fundamental analysis as well as market flow information. Andrew began his career as an FX dealer with NatWest and the Royal Bank of Scotland in the UK.
Andrew Robinson

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