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U.S. Equities Fall as U.S. China Trade Talks Move to the Forefront

USD - United States Dollar

U.S. dollar gained today as American browser sold off with risk aversion at the focal point due to the likelihood of a U.S./China Trade agreement diminishing in the early hours of trading. Risk-off is coming from news that the White House administration added twenty-eight Chinese entities to an export blacklist because of China's repression of Muslim minorities, this would bar these companies from buying U.S. components without governmental approval. As Trade talks are scheduled to resume in Washington later this month volatility is expected to move higher the Volatility Index rose to 19.80 today and currently trades at 19.14 up 7.17 percent today as risk aversion starts to get some legs. The US Dollar Index which measures the strength of the Greenback against a basket of six major currencies has risen 0.23 percent to 99.20 today.

Key Movers

EUR/USD is down at 1.0949 as a slump in German factory orders for the month of August has increased some concerns of a recession. German Factory Orders fell 0.6 percent which was twice as much as forecasted.

Over in the UK, BRC Retail Sales reported a drop of 1.3 percent in sales in September over the same period last year which sets a new record low for that month. Several major retailers have reported that Brexit uncertainty has affected their customers with confidence low. GBP/USD currently trading at 1.2208.

Expected Ranges

EUR/USD: 1.0945 - 1.0995 ▲

GBP/USD: 1.2195 - 1.2302 ▼

CAD/USD: 1.3288 - 1.3336 ▲

AUD/USD: 0.6723 - 0.6757 ▲

NZD/USD: 0.6289 - 0.6327 ▲