Forex Today: Markets Cautious Ahead of US-China Trade Talks in London

Forex Today: Markets Cautious Ahead of US-China Trade Talks in London

Monday, June 9 – Global forex markets begin the week on a defensive tone as traders shift focus toward the upcoming US-China trade talks in London. With limited economic data on the docket today, price movements are expected to be driven largely by geopolitical developments and sentiment-driven flows.

US-China Trade Talks Take Center Stage

Investors remain focused on the renewed round of negotiations between the US and China set to begin today in London. Officials from both nations, including US Treasury Secretary Scott Bessent, are expected to resume discussions amid efforts to ease longstanding trade tensions. Any progress or breakdown from these talks could significantly affect risk assets and USD performance.

Economic Calendar Overview

• Eurozone Sentix Investor Confidence (June) – Scheduled for release Tuesday, this will be closely watched for signs of changing sentiment in the euro area.
• US Wholesale Inventories (April) – The only notable data release for today, which is unlikely to sway the broader market unless it shows a large surprise.

Market Sentiment Snapshot

• USD: Slightly weaker following last week’s mixed labor data.
• JPY and CHF: Firm as traders seek safe-haven assets amid rising uncertainty.
• EUR: Stable ahead of Tuesday's confidence data.
• AUD & NZD: Supported by Chinese economic signals and trade optimism.

Related Tredu Insights:

• US-China Trade Talks: What to Expect from London Round
• June Macro Calendar: Key Events Traders Need to Watch
• Sentix Investor Confidence: Why It Matters for the EUR

Conclusion

With no major economic data scheduled today, traders are likely to focus on any headlines from US-China trade negotiations. Risk sentiment, political developments, and positioning ahead of tomorrow’s data releases will drive the Forex market direction throughout the day.