{"id":141591,"date":"2019-02-11T08:30:20","date_gmt":"2019-02-11T13:30:20","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=141591"},"modified":"2019-02-11T06:51:11","modified_gmt":"2019-02-11T11:51:11","slug":"further-round-of-us-china-trade-talks-due-as-deadline-approaches","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/further-round-of-us-china-trade-talks-due-as-deadline-approaches\/","title":{"rendered":"Further Round Of US\/China Trade Talks Due As Deadline Approaches"},"content":{"rendered":"
February 11, 2019<\/div>
\r\n<\/div><\/div>

By <\/strong>Orbex<\/strong><\/p>\n

Traders will be hoping for some positive headlines this week around the ongoing US\/China trade talks, following the disappointing announcement last week that Trump will not be meeting with Chinese premier Xi Jinping ahead of the March 1st deadline.<\/p>\n

US Officials To Travel To Beijing<\/strong><\/b><\/h2>\n

US and Chinese officials are scheduled to meet for a further round of talks this week, with two days of meetings beginning on Thursday.<\/p>\n

The US delegation, led by US Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin, will travel to Beijing for high stakes talks as the deadline looms large on the horizon.<\/p>\n

If the talks fail to produce a result by March 1st<\/sup>, Trump has warned that he is ready to increase tariffs\u00a0from 10% to 25%,\u00a0on around $200 billion worth of Chinese goods. He has stated that he\u00a0could even apply tariffs to the remaining $267 billion of Chinese goods coming into the US.<\/p>\n

Trump Won\u2019t Meet Chinese Premier Ahead of Trade Talks Deadline<\/strong><\/b><\/h2>\n

Risk sentiment took a hit last week as newswires announced that Trump will not be meeting the Chinese premier\u00a0ahead of the March 1st<\/sup>\u00a0deadline,\u00a0as had been expected<\/a>. The news was taken as a sign that talks are not progressing well.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

This\u00a0is a view encouraged by comments from White House advisor Larry Kudlow who told reporters that a \u201cpretty sizable distance\u201d remains between the two sides in the negotiations.<\/p>\n

With the deadline fast approaching, this next round of talks will be closely monitored. Any reports of\u00a0obstacles and difficulties<\/a>\u00a0remaining will likely cause a further sharp unwinding of risk assets, whereas signs of progress will keep risk sentiment buoyant.<\/p>\n

Technical Perspective<\/strong><\/b><\/h2>\n

The pullback last week in the Nasdaq found support at the retest of a prior swing high, keeping the recent bullish phase intact. Bulls will now be looking for price to move past next week\u2019s high and challenge the next key resistance level between 7136 \u2013 7215.7.<\/p>\n

By <\/strong>Orbex<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By Orbex Traders will be hoping for some positive headlines this week around the ongoing US\/China trade talks, following the disappointing announcement last week that Trump will not be meeting with Chinese premier Xi Jinping ahead of the March 1st deadline. US Officials To Travel To Beijing US and Chinese officials are scheduled to meet […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-141591","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/141591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=141591"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/141591\/revisions"}],"predecessor-version":[{"id":141607,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/141591\/revisions\/141607"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=141591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=141591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=141591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}