{"id":160231,"date":"2019-11-21T07:05:46","date_gmt":"2019-11-21T12:05:46","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=160231"},"modified":"2019-11-21T07:05:46","modified_gmt":"2019-11-21T12:05:46","slug":"risk-off-mood-hovers-over-asian-markets-as-investors-pare-trade-deal-optimism","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/11\/risk-off-mood-hovers-over-asian-markets-as-investors-pare-trade-deal-optimism\/","title":{"rendered":"Risk-off mood hovers over Asian markets as investors pare trade deal optimism"},"content":{"rendered":"
November 21, 2019<\/div>
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By Han Tan, Market Analyst, ForexTime<\/a><\/strong><\/p>\n

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Risk-off mode continues to cast a cloud over Asian assets, as media reports pour cold water on hopes that a US-China trade deal can be sealed by the end of the year. Asian stocks are retreating, while the Japanese Yen is the only Asian currency that\u2019s gaining against the US Dollar at the time of writing, with USDJPY inching closer to the\u00a0108.0 mark. Other safe haven assets such as Gold are also advancing, with Bullion consolidating its place above the $1470 psychological level.<\/p>\n

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Safe haven assets have been held back from runaway gains by investors\u2019 collective hopes that a US-China trade deal remains possible, albeit delayed. Chinese Vice Premier, Liu He, said he is \u201ccautiously optimistic\u201d about reaching the highly-anticipated phase one deal with the US, although he reportedly was left confused by some of the demands out of Washington. Expect market participants to continue chasing the US-China trade theme, potentially triggering erratic market movements along the way.<\/p>\n

Dollar index steadies below 98.0 psychological mark<\/strong><\/p>\n

The Dollar index (DXY) is keeping\u00a0within the upper-97 range, after the minutes from the\u00a0October FOMC meeting were released. According to the minutes, Fed officials still noted that downside risks to the US economy remained “significant” and “prominent” in justifying\u00a0their third 25-basis point cut to US interest rates for\u00a0the year.<\/p>\n

Still, the Fed believes that US interest rates are “well calibrated” at current levels, which supports market expectations that the Fed will stand pat over the coming months, hence the muted reaction in the DXY. Should the incoming domestic\u00a0economic data or\u00a0global economic conditions\u00a0show a marked deterioration, that is likely to prompt the Fed into reassesing its\u00a0US economic outlook and potentially\u00a0move\u00a0US interest rates again.<\/p>\n

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Disclaimer: <\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<\/div>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Han Tan, Market Analyst, ForexTime Risk-off mode continues to cast a cloud over Asian assets, as media reports pour cold water on hopes that a US-China trade deal can be sealed by the end of the year. Asian stocks are retreating, while the Japanese Yen is the only Asian currency that\u2019s gaining against the […]<\/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-160231","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160231","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=160231"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160231\/revisions"}],"predecessor-version":[{"id":160236,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160231\/revisions\/160236"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=160231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=160231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=160231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}