UK Market Webinar: FTSE Remains Rattled by US Trade Wars
A holiday-shortened week with little data and no central bank decisions will leave European markets watching events unfold in the US. The recent US trade tariff announcements sent equity markets spinning lower and hit the US dollar against the other major currencies. Traders will need to stay disciplined and observant of US President Donald Trump’s Twitter feed and any retaliatory actions from Beijing.
Other trading topics covered include –
- GBPUSD trades back above 1.42000 aided by a weak USD/solid GBP backdrop.
- The FTSE 100 sell-off is halted Monday but further moves will be driven by actions and words from the US.
- Traders should be aware that markets can still move sharply in holiday-thinned weeks.
- If you missed this webinar and would like to know about future events, you can see the full DailyFX webinar schedule here.
DailyFX has a vast amount of updated resources to help traders make more informed decisions. These include a fully updated Economic Calendar, Educational and Trading Guides and the constantly updated IG Client Sentiment Indicator.
--- Written by Nick Cawley, Analyst
To contact Nick, email him at email@example.com
Follow Nick on Twitter @nickcawley1
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.