{"id":160558,"date":"2019-11-26T07:10:27","date_gmt":"2019-11-26T12:10:27","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=160558"},"modified":"2019-11-26T06:43:39","modified_gmt":"2019-11-26T11:43:39","slug":"risk-appetite-bolstered-by-fresh-trade-optimism","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/11\/risk-appetite-bolstered-by-fresh-trade-optimism\/","title":{"rendered":"Risk appetite bolstered by fresh trade optimism"},"content":{"rendered":"<div id=\"inves-4195214228\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 26, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By Lukman Otunuga, Research Analyst, <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/strong><\/p>\n<div class=\"article-body\">\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<ul>\n<li><em>Global equity bulls welcome fresh trade talk momentum <\/em><\/li>\n<li><em>Dollar searches for new directional catalyst <\/em><\/li>\n<li><em>Gold weighed by risk-on sentiment <\/em><\/li>\n<\/ul>\n<p>A wave of positivity is sweeping across financial markets on renewed signs of momentum in trade talks between the United States and China.<\/p>\n<p>Stocks in Asia pushed higher on Tuesday, elevated by Wall Street\u2019s record closing highs overnight as investors became increasingly optimistic over the signing of the \u00a0\u201cphase one\u201d trade deal on the horizon. Given how China\u2019s Ministry of Commerce has stated that Beijing and Washington \u201creached consensus on properly resolving relevant issues\u201d during a telephone conversation on Tuesday morning Beijing time, the is some light at the end of the trade war tunnel. However, market players should stay alert, especially when factoring the unpredictable nature of \u00a0the trade talks. If the two largest economies in the world are unable to find a middle ground before the December 15<sup>th<\/sup> deadline when US tariffs are set to increase by 15%, trade tensions \u00a0may intensify.<\/p>\n<p><strong>Dollar on standby ahead of consumer confidence data <\/strong><\/p>\n<p>The US Dollar struggled for direction Tuesday in Asia after Federal Reserve Chairman Jerome Powell hinted that the Federal Reserve is unlikely to cut interest rates anytime soon. With the central bank \u00a0pausing on further monetary policy easing, the Dollar \u00a0will be influenced by trade developments and economic data from the United States. This means investors \u00a0will direct their attention towards the CB Consumer confidence report scheduled for release on Tuesday afternoon. Appetite towards the Dollar is likely to receive a boost if the report exceeds market expectations. With regards to the technical picture, the Dollar Index has the potential to test 98.50 in the near term if 98.20 proves to be \u00a0reliable support.<\/p>\n<p><strong>Commodity spotlight \u2013 Gold <\/strong><\/p>\n<p>Gold remains one of the casualties of trade talk optimism and improving global sentiment. The precious metal is likely to depreciate further on fresh signs of the United States and China signing a \u201cphase one\u201d trade deal. Nevertheless, there is still hope for bulls to make a return if both sides are unable to come to an agreement before the December tariff deadline. Focusing on the technical picture, Gold is under pressure on the daily charts thanks to the improving market mood. A solid daily close below the $1450 support level could invite a decline towards $1430.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.forextime.com\/images\/maa\/xauusddaily_617.png\" alt=\"\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><em><strong>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<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"https:\/\/www.countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\" rel=\"noopener noreferrer\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Lukman Otunuga, Research Analyst, ForexTime Global equity bulls welcome fresh trade talk momentum Dollar searches for new directional catalyst Gold weighed by risk-on sentiment A wave of positivity is sweeping across financial markets on renewed signs of momentum in trade talks between the United States and China. Stocks in Asia pushed higher on Tuesday, [&hellip;]<\/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-160558","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160558","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=160558"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160558\/revisions"}],"predecessor-version":[{"id":160563,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/160558\/revisions\/160563"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=160558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=160558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=160558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}