DOW JONES CLIMBS TO FRESH RECORD HIGH, USD/CNH SINKS BELOW 7.zero AS CHINA CONFIRMS PHASE ONE TRADE DEAL WITH USShares within the
DOW JONES CLIMBS TO FRESH RECORD HIGH, USD/CNH SINKS BELOW 7.zero AS CHINA CONFIRMS PHASE ONE TRADE DEAL WITH US
- Shares within the Dow Jones and S&P 500 are hovering alongside the Chinese language Yuan as Beijing confirms commerce negotiators have reached a partial deal in textual content with Washington
- President Trump has agreed to rollback tariffs initially scheduled to enter impact on December 15 and take away tariffs presently in impact in phases
- China has agreed to extend imports similar to agricultural items from the USA
CHART OF DOW JONES INDEX PRICE CHART: 1-HOUR TIME FRAME (NOVEMBER 26, 2019 TO DECEMBER 13, 2019)
Chart created by @RichDvorakFX with TradingView
The Dow Jones Index spiked again above the 28,000 value degree after China confirmed that Sino-American negotiators have ‘achieved main progress’ in commerce talks and have reached an settlement on textual content for a part one commerce deal initially introduced mid-October.
CHART OF CHINESE YUAN – SPOT USD/CNH: 1-MINUTE TIME FRAME (DECEMBER 13, 2019 INTRADAY)
Spot USD/CNH took a nosedive because the information crossed the market’s wires and displays the strengthening of the Chinese language Yuan. The Chinese language Yuan has weakened considerably this yr to offset tariffs levied by President Trump on Chinese language exports to the US.
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— Written by Rich…