Dip-buyers save US stocks from a deeper fall (for now)

20 Nov 2019
Stocks slump on trade headlines
The main headline today was a report saying US-China talks could extend into 2020 because the sides are deadlocked.
The reaction was quick and the S&P 500 fell as low as 3091. However the dip buyers stepped up to the plate again (are you surprised?) and the index finished at 3108, a
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Here is what’s on the economic calendar in Asia today

20 Nov 2019
Not a lot to move the forex from these releases today.
2350
GMT Japan international securities flows for the week
0030 GMT Reserve
Bank of Australia forex transaction for the month of October

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US-China deal is 'in trouble' - CNBC

20 Nov 2019
CNBC cites four sources close to the deal
Four sources 'close to talks' cited by CNBC's Kayla Tausche.
More to come.
ForexLive
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Looks like there will be no records, but things could have been worse

20 Nov 2019
With 10 minutes to go, the major indices are lower
With a few minutes ago before the close, the major indices are all lower. It does not seem possible that the market will be able to snatch victory from the jaws of defeat.  No records today.
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Markets misguided by this week's RBA Minutes - Citi

20 Nov 2019
AUD slumped, but what it a mistake?
Citi discusses the RBA policy trajectory in light of this week's RBA Minutes.

For bank trade ideas, .
"RBA November Minutes released yesterday are initially interpreted as
unexpectedly dovish with policymakers agreeing a case could be made to
cut rates at in November. This is new to the policy language
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Crude oil futures settle at $57.11

20 Nov 2019
Up $1.90 or 3.44%
The price of crude oil futures are settling at $7.11. That is up $1.90 or 3.44% on the day. The high price reached $57.25 while the low extended all the way down to $54.76.
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How Trump has trapped himself in China talks

20 Nov 2019
He needs to be both tough-on-China and friendly to markets, but he can't be
President Trump faces a dilemma.
If he stays tough on China, he risks hurting markets and in his mind, the Dow Jones Industrial Average is a top barometer for his Presidency.
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The S&P cracks lower but not below the 100 hour MA

20 Nov 2019
The index has not been below the 100 hour MA since October 10th
The S&P tumbled to new session lows off the latest US/China headlines. However, although the price fell below the 50 hour MA with some momentum (the white MA line at 3105.17 currently), the price of the index could not extend below the 100
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USDCHF and USDJPY tried to go lower but the boy that cried wolf stories can't phase the market for long

20 Nov 2019
USDCHF finds support buyers at the 100 hour MA.
The USDCHF and USDJPY tried to go lower on the US/China news (on flight to safety flows), but "the boy that cried wolf" stories are having a more difficult time gaining momentum.   We've heard it all before.  
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FOMC minutes: Most officials saw rates as well-calibrated

20 Nov 2019
Federal Reserve meeting minutes:
ForexLive
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