Forex related news break

Here's a breaking news update on the Forex market:

Breaking News:

USD/JPY Surges as US-China Trade Talks Resume

The US dollar has strengthened against the Japanese yen, with the USD/JPY pair surging to a high of 110.50, as investors await the resumption of US-China trade talks in Beijing.

Key Developments:

• The US and China have agreed to hold trade talks in Beijing, with the aim of resolving their ongoing trade dispute.
• The talks are expected to focus on key issues such as intellectual property protection, technology transfers, and tariffs.
• The US has threatened to impose additional tariffs on Chinese goods worth $300 billion if a deal is not reached.
• The Japanese yen has weakened against the US dollar, with the USD/JPY pair surging 0.5% to 110.50.

Market Reaction:

• The USD/JPY pair has surged 0.5% to 110.50, with the pair trading at its highest level in over a week.
• The EUR/USD pair has fallen 0.2% to 1.1230, as the US dollar strengthens.
• The GBP/USD pair has fallen 0.3% to 1.3050, as the US dollar strengthens.

Economic Calendar:

• US: Non-Farm Payrolls (Aug) - 8:30 am ET
• US: Unemployment Rate (Aug) - 8:30 am ET
• US: ISM Manufacturing PMI (Aug) - 10:00 am ET
• China: Trade Balance (Aug) - 2:00 am ET

Technical Analysis:

• The USD/JPY pair has broken above its 20-day moving average, indicating a potential bullish trend.
• The pair is trading above its 50-day moving average, which is a bullish sign.
• The RSI is at 60, indicating that the pair is overbought.

Trading Tips:

• Buy USD/JPY with a target of 111.50 and a stop-loss at 110.20.
• Sell EUR/USD with a target of 1.1200 and a stop-loss at 1.1250.
• Sell GBP/USD with a target of 1.3000 and a stop-loss at 1.3100.

Disclaimer:

• The information provided is for general information purposes only and should not be considered as investment advice.
• Trading involves risk and you may lose some or all of your investment.
• It is recommended that you consult with a financial advisor before making any investment decisions.

I hope this breaking news update helps you stay informed about the Forex market!