S&P 500 Slows Advance to Record High, USDJPY Offers Extreme Signals

(MENAFN – DailyFX) Talking Points:

Trade wars was top theme Thursday with Trump ruminating on a China deal in 4 weeks and making an ultimatum with Mexico EURUSD’s bounce from 1.1200 has little traction while USDJPY’s measured path sees extreme volatility and speculative positioning Top event risk into the close of the week is clearly the US NFPs for March – assess it as a measure of growth rather than Fed intent What do the DailyFX Analysts expect from the Dollar, Euro , Equities, Oil and more through the 2Q 2019? Download forecasts for these assets and more with technical and fundamental insight from the DailyFX Trading Guides page .

President Trump Offers Reassurance on China Trade Talks, Issues Concerning Threat to Mexico

The top fundamental themes were a mixed bag this past session, and we saw the result of that in a lack of commitment for risk assets as well as the diverse financial headlines through the day. Concern over the health of the global economy remains one of the most capable themes between the PMIs and sharp downgrade from the WTO’s forecast (3.7 to 2.6 percent) earlier this week , but no new kindling was added Thursday. Similarly, monetary policy had a few notable teasers between the ECB’s meeting minutes and President Trump’s most recent Fed criticism (attached to reports Herman Cain was going to be offered as a Fed board governor). The real systemic weight in the headlines this past session was behind trade war updates. Providing some favorable perspective, US President Donald Trump offered update on the negotiations with China. While he issued his standard disclaimers associated with tough dealing, he estimated an agreement could be reached in four weeks. We have seen explicit time frames like this offered up in the past readily broken or

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