According to Greg Gibbs, Analyst at Amplifying Global FX Capital, the market appeared to pay relatively little attention to the news suggesting that the US and China may be looking to restart negotiations on trade to limit the planned implementation of tariffs. Key Quotes “Perhaps it is highly sceptical that either the US or China is willing to back-down on the key issues related to China’s policy objective of boosting its high tech industries, and the US objective of preventing technology transfers to China.” “However, the reports suggest that there is a possibility of a cooling in trade tensions. For instance, there is a risk that the US decides to delay the implementation of its first round of tariffs slated for 6 July to enable last-minute negotiations to proceed.” “This could see a partial rebound in Asia EM assets and risk appetite more broadly. However, since the news reports, US equities and EM equity ETFs remained near their lows for the US session” “Any cooling in trade tensions, for example, might lead to a rebound in the AUD, that has matched the fall in Asia EM assets in recent weeks.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Oil: Focus on OPEC meet today – Danske Bank FX Street 5 years According to Greg Gibbs, Analyst at Amplifying Global FX Capital, the market appeared to pay relatively little attention to the news suggesting that the US and China may be looking to restart negotiations on trade to limit the planned implementation of tariffs. Key Quotes "Perhaps it is highly sceptical that either the US or China is willing to back-down on the key issues related to China's policy objective of boosting its high tech industries, and the US objective of preventing technology transfers to China." "However, the reports suggest that there is a possibility of a cooling in trade tensions.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.