News

US stocks continue to grind higher but USD/JPY unimpressed

S&P 500 at the highs of the day

US stocks have recouped more than half of yesterday’s losses. The S&P 500 is up 38 points to 2850 after falling 69 points yesterday.

The market is feeling better about the chances of a US-China trade deal after some upbeat comments from Trump. However it’s all very vague at the moment and tension remains high.

The volatility in the FX market remains much lower than in stocks. USD/JPY is up 37 pips to 109.67 but has hardly budged all day and remains below the Asian highs. The rebounds in yen crosses are similarly uninspired.

ForexLive

Articles You May Like

Wall Street ends the day on a sour note on Sino/U.S. trade pessimism
Zijin of Global Times: China will certainly retaliate from barbaric suppression of Huawei
Japan fin min Aso says he does not expect trade war to be as big an economic shock as Lehman Brothers
Updated CNBC news notes U.S. stocks closing lower on U.S. and China trade talks appearing to have stalled
How to Use the Average True Range In A Trading System

Leave a Reply

Your email address will not be published. Required fields are marked *