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Market Update

EncoreFX’s daily market updates are written by our experienced and professional dealing team.

US-China Trade Talks Resume | EU Stands Firm on Brexit

Published February 19, 2019
  • The new round of negotiations between US and China will resume today in Washington, the White House has announced. US President Donald Trump said that there is a possibility he would extend a March 2 deadline in trade talks with China if the two countries are closing in on a deal.
  • Theresa May will return to Brussels this week to continue talks on her Brexit deal and will meet the President of the European Commission, Jean-Claude Juncker. The EU reiterated that there can be no unilateral exit clause on Irish-border backstop, as both sides continued to seek the solution that is acceptable to the UK Parliament.
  • Oil prices advanced to the highest in almost three months, boosted by talk of production cuts from OPEC and Russia, however slowing economic growth in China and UK is still a big demand concern for the markets. WTI crude prices have hit a high of $56.33.