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US indices finished yesterday’s session higher echoing good performance of the European and Asian shares. Nasdaq was the best performing Wall Street index as it closed 1.3% higher. S&P 500 and Dow Jones added around 0.7%
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Asian indices traded higher on Tuesday as another more optimistic trade news hit the markets
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China’s Ministry of Commerce said that top negotiators from China and the United States held a phone call on Tuesday morning Beijing time. The Ministry said negotiators “reached consensus on properly resolving relevant issues” and committed to staying in contact in order to resolve remaining issues
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Jerome Powell boosted USD saying that the US economy’s glass is “more than half full”. He also signalled that rates may stay on hold for some time. Nevertheless, USD gave back those gains when Chinese Ministry of Commerce released a statement
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New Zealand retail sales increased 1.6% QoQ in Q3 2019 while markets expected an increase of 0.5% QoQ
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There are no major moves on the FX market this morning with every G10 currency trading little change against the US dollar
EURUSD trades slightly above the psychological 1.10 handle. However, with the lack of major data releases scheduled for the European session, the pair may remain calm until US data is released (1:30 pm GMT and 3:00 pm GMT). Source: xStation5
