Five fundamentals for the week: Trump-Xi summit and Fed may spook markets
Small deal or a big deal? Leaders of the world’s two largest economies meet for the first time in six years and the stakes for global trade and the economy are high.

Small deal or a big deal? Leaders of the world’s two largest economies meet for the first time in six years and the stakes for global trade and the economy are high.
The AUD/USD pair opens with a bullish gap at the start of a new week and confirms a breakout through a nearly two-week-old trading range in reaction to encouraging signs of progress in US-China trade discussions.
EUR/USD moves sideways in a narrow range above 1.1600 in the European session on Monday after ending the previous week marginally lower.
The Pound Sterling (GBP) faced rejection once again on its way to the 1.3500 level when compared with the US Dollar (USD), sending GBP/USD back toward the 1.3300 mark.
Gold extends its consolidative phase into a fourth trading day on Monday, after having failed once again above the $4,100 mark.
The EUR/USD pair ends the week with modest losses in the 1.1620 region, having shown little signs of life over the past few days. Financial markets got little to work with amid the continued United States (US) government shutdown and the subsequent lack of macroeconomic releases.