The illiquid electronic holiday session of the E-mini S&P got volatile after U.S. trade officials commented of US-China trade, reports Ashraf Laidi.
Even during quiet holiday hours of U.S. Labor Day, U.S. officials managed to move equity futures when claiming they rejected China's requests for delaying U.S. tariffs and that it was difficult to agree on the next round of negotiations.
The E-mini S&P 500’s reaction was negative, and here's how it panned out on the five-min chart below.
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Ashraf Laidi recently talked about the Dollar, gold and the Chinese yuan Triangularity at TradersEXPO New York.
