All eyes on US-China trade talks with little else on the economic calendar today | Forexlive

Aside from GBP weakness following the soft jobs report, the FX market is largely unmoved so far today. There also isn’t anything on the economic calendar that might shake that up. There is no US economic data or Fed talk and the only notable event is a 3-year Treasury auction.

Instead, eyes will be on signals from US-China trade talks in London.

CNBC’s Eunice Yoon highlights a CCTV report that has spooked Chinese investors today.

“The U.S. should realistically assess the progress made and revoke negative measures against China,” it reads. Repeats stance that even as Beijing has “sincerity” for a deal, it has its own “principles”.

Contrast that with comments from Lutnick who said talks are going well and are expected to continue all day.

Most in the market will wait for something a bit more concrete but it’s certainly a reminder of two-way risks. Global yields are mostly lower, led by the UK. Oil is also creeping higher in a notable breakout.

As for Trump, his only scheduled appearance today is for remarks at Fort Bragg at 4 pm ET. He also may speak at 12:25 pm ET on the White House lawn as he prepares to leave.