The US/China trade headlines are rolling off the presses like a freshly minted dollar bill, and all seem tilted to the positive at present time. There is one major inconsistency. I understand that AUD/JPY dribbled higher, SP500 dribbled higher, based on positive sentiment around the headlines like this: US Trade “the officials, “reached consensus on properly resolving relevant issues”. • Gold, on the other hand, also traded higher as some cautious tine seeped in, moving $12 higher for the day to land around $1,462. That is a minor decupling of the normal correlation between risk assets such as the S&P 500 futures ... (full story)