According to US and Beijing officials, lawmakers and trade experts, an ambitious “phase two” trade deal between the US and China is looking less likely as the two countries struggle to strike a preliminary “phase one” agreement, The Standard reports. The sources said: The November 2020 US presidential election, combined with the White House’s reluctance to work with other countries to pressure Beijing is dimming hopes, for anything more ambitious in the near future.” The uncertainty around the US-China trade deal persists, despite the latest trade-positive headline, which keeps the lift in the risk sentiment limited. USD/JPY is off the highs and now flirts with the 109 handle, as S&P 500 futures pare back gains. Markets are refraining from buying into the trade optimism unless anything concrete on the trade deal is announced. Meanwhile, looming Dec. 15 US tariffs hike on the Chinese imports also continue to cap the optimism. China’s CommerceMin: China’s Liu, USTR Lighthizer and US Treasury Sec. Mnuchin held a trade call 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 GBP/JPY technical analysis: Big move likely as volatility gauge hits five-year low FX Street 3 years According to US and Beijing officials, lawmakers and trade experts, an ambitious "phase two" trade deal between the US and China is looking less likely as the two countries struggle to strike a preliminary "phase one" agreement, The Standard reports. The sources said: The November 2020 US presidential election, combined with the White House's reluctance to work with other countries to pressure Beijing is dimming hopes, for anything more ambitious in the near future." The uncertainty around the US-China trade deal persists, despite the latest trade-positive headline, which keeps the lift in the risk sentiment limited. USD/JPY is off the… 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.
