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Trump opens China up on his Asian tour - UOB

Analysts at UOB Group explained that US President Donald Trump is on the last leg of his Asia tour.

Key Quotes:

"US President Donald Trump is on the last leg of his Asia tour in the Philippines on Mon-Tue to attend the ASEAN and East Asia summit meetings and meet with Philippines President Rodrigo Duterte. 

Trump’s visit to the China has yielded the announcement of more than $250 bn in business deals in China."

"Furthermore, China took a major step to open its financial market after the meeting, to allow foreign banks to own up to 51% stakes in Chinese securities, fund management companies and this cap will be removed after three years." 

AUD/USD dips further towards 0.76 the figure ahead of key data events

AUD/USD After dropping from the 10-Day SMA in Europe's morning, AUD/USD opened up at 0.7650 in NY and was pressured lower with AUD/JPY falling on the
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United Kingdom CFTC GBP NC net positions fell from previous £1.2K to £-9K

United Kingdom CFTC GBP NC net positions fell from previous £1.2K to £-9K
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