Chatter in the econosphere from pretty reliable sources, reveals a possible explanations. There are mixed messages coming through so please be aware that I cannot report reliably. (Do your own research):
1. China trade deal was thought to be in sight.
2. Then it was realised it could be delayed by a further month.
3. The deal so far makes for 'reciprocal', 'unilateral', and 'retaliatory', 'countermeasures'
... what the devil sort of a trade deal is that?!
Sounds more like an agreement for a trade war if you ask me. But then again, nobody is asking me! LOL
Stay tuned folks get your popcorn ready - and keep your accounts safe.. we could see crazy volatility on 15 min to 2 hour time frames over the next few days.