Forex today witnessed a recovery in risk-appetite from the overnight risk slump induced by the US announcement of slapping Chinese imports with 10% tariffs. The risk rebound in Asia was mainly driven by the consolatory comments from the Chinese Commerce Ministry, who remarked that cooperation is the only key in the US-China trade talks. As a result, the Yen was on the back near 112 handle versus its American counterpart while a rally in 10-year Treasury yields also rescued the USD bulls. The Antipodeans jumped on the back of a rebound in the Asian equities, led by the Japanese stocks. The Kiwi was the strongest in the Asian trades, having peeked briefly above the 0.66 handle. Both the EUR and GBP were mostly better bid amid Brexit optimism and a broadly softer greenback. Meanwhile, both oil and gold prices were in the red zone, as markets fret that should the US-China trade talks be called-off, the King dollar will be back in command across its main competitors. Main topics in Asia EU’s Barnier says talks on Brexit going ahead – Reuters US to impose $200 billion in tariffs on China from September 24th US spares some consumer techs in $200 billion tariff throwdown – Reuters RBA minutes: Recent modest fall in AUD helpful for domestic economy Japan’s Motegi: No country wants tit for tat tariff retaliation Chinese Securities Market official: Trump pressure on China won’t work Japan’s Seko: Trump’s additional tariffs on China are regrettable Japan’s Aso believes BoJ will pursue appropriate policy to achieve price stability India delays imposition of higher tariffs on US imports to November – Reuters China Commerce Minister: There is no winner in a trade war, cooperation is the only correct choice Source: China unlikely to send trade delegation to Washington post-new US tariffs Key Focus ahead Markets see another quiet EUR macro calendar this Tuesday, with absolutely nothing on the cards from the Euroland and the UK docket. Hence, the speech by the European Central Bank (ECB) President Mario Draghi will hog the limelight. Draghi is due to speak at 0715 GMT at the French Prudential Supervision and Resolution Authority event, in Paris. Markets could eye some hints on the ECB’s interest rates policy, especially after central bank retained its monetary policy stance last week. In the NA session, the Canadian manufacturing sales, New Zealand GDT price index and API crude stockpiles data will remain in focus amid a lack of significant macro updates from the US. Meanwhile, the sentiment on the global stock markets and US-China trade-related headlines will continue to drive the fx space in the day ahead. EUR/USD: Defends 100-day MA support, focus on Draghi and stock markets A bigger rally above 1.17 could be on the cards if ECB’s Draghi plays down risks arising out of trade wars and the stock markets pick up a strong bid. GBP/USD recovering from early risk slump Tuesday marks the second day in a row of little UK economic data on the calendar, and traders are looking towards Wednesday’s CPI reading at 08:30 GMT. Details for the day ahead – TDS Analysts a TD Securities offered their outlook for the day ahead. New Zealand GDP Preview: A double-beat is necessary to get the kiwi out of its misery New Zealand releases Gross Domestic Growth numbers for the second quarter of 2018 on Wednesday, September 19th, at 20:45 GMT (the morning of September 20th in New Zealand). BoJ to retain current policy on Wednesday – Barclays The Barclays Research Team is out with a brief preview of Wednesday’s Bank of Japan (BoJ) monetary policy decision due tomorrow post-0230 GMT. 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next EUR/JPY Technical Analysis: Awaits pennant breakout FX Street 3 years Forex today witnessed a recovery in risk-appetite from the overnight risk slump induced by the US announcement of slapping Chinese imports with 10% tariffs. The risk rebound in Asia was mainly driven by the consolatory comments from the Chinese Commerce Ministry, who remarked that cooperation is the only key in the US-China trade talks. As a result, the Yen was on the back near 112 handle versus its American counterpart while a rally in 10-year Treasury yields also rescued the USD bulls. 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