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Daily Markets Broadcast 2019-02-18

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Daily Markets Broadcast

2019-02-18

Wall Street climbs as trade talks progress
US-China trade talks supposedly made significant progress last week, so much so that they will continue in Washington this week. China’s new loans data suggest stimulus measures may be taking hold.
US30USD Daily Chart

Source: OANDA fxTrade

  • The US30 index posted the biggest one-day gain since January 4 on Friday, rising to the highest level in 10 weeks on trade talk optimism
  • The next resistance point could be the December high of 26,085. The 200-day moving average at 25,051 may act as near-term support
  • It’s the US Presidents’ Day holiday today, with no data releases scheduled. Liquidity/activity may be thin.
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