Oil dips in Asia on waning trade optimism Oil prices on both sides of the Atlantic are flashing red amid warning US-China trade optimism and the resulting risk-off tone in the global markets. At press time, a barrel of Brent is changing hands at $62.20, representing a 0.35% drop on the day. WTI is also trading in the red at $56.90 per barrel. The losses could be associated with reports stating that the phase one” U.S.-China trade deal could slip into next year. Read more”¦ WTI fades bounce to 200-day EMA following an escalation in US-China tussle With the trade/political jitters between the world’s top two economies likely challenging global energy demand, WTI stops the recent recovery below 200-day EMA while taking rounds to $57.00 during the Asian morning on Thursday. The trade stalemate between the United States (US) and China worsened recently after President Trump said he doesn’t think “China is stepping up to the level I want in trade talks.” Also contributing to the pessimism is the Reuters’ news that Trump is expected to sign Hong Kong Human Rights Bill passed by Congress. Read more… 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 Moody’s: Emerging market 2020 outlook turns negative amid rising trade/ political risks FX Street 3 years Oil dips in Asia on waning trade optimism Oil prices on both sides of the Atlantic are flashing red amid warning US-China trade optimism and the resulting risk-off tone in the global markets. At press time, a barrel of Brent is changing hands at $62.20, representing a 0.35% drop on the day. WTI is also trading in the red at $56.90 per barrel. The losses could be associated with reports stating that the phase one" U.S.-China trade deal could slip into next year. Read more"¦ WTI fades bounce to 200-day EMA following an escalation in US-China tussle With the trade/political… 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.
