The Shanghai Composite – China’s benchmark equity index – has hit 8.5-month high on US-China trade optimism. As of writing, the index is trading at 3,068 – the level last seen on June 13, 2018. The gains seen today are likely triggered by Wall Street Journal reports stating that the US and China are closing on a trade deal. Chinese stocks have gained more than 25 percent in the last two months on China’s stimulus efforts and easing US-China trade tensions and could rise further, as indicated by the bullish technical development. The 50-day moving average (MA) has crossed the 100-day MA from below, confirming a billish crossover. 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 China: Substantial progress made in trade talks with the US – Bloomberg FX Street 4 years The Shanghai Composite - China's benchmark equity index - has hit 8.5-month high on US-China trade optimism. As of writing, the index is trading at 3,068 - the level last seen on June 13, 2018. The gains seen today are likely triggered by Wall Street Journal reports stating that the US and China are closing on a trade deal. Chinese stocks have gained more than 25 percent in the last two months on China's stimulus efforts and easing US-China trade tensions and could rise further, as indicated by the bullish technical development. The 50-day moving average (MA)… 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.
