Market Sentiment Suffers as US-China Trade War Concerns Escalate
Market sentiment news and analysis:
- Trader confidence has been hit by the escalating trade war between the US and China.
- In this webinar, I look at this and other factors affecting trader sentiment.
Check out the IG Client Sentiment data to help you trade profitably.
Market confidence ebbs away
The escalating US-China trade war is hitting trader sentiment as US President Donald Trump threatens to impose tariffs on $200 billion of Chinese goods and China says it will retaliate.
Confidence is also suffering from the political problems faced by both Chancellor Angela Merkel in Germany and Prime Minister Theresa May in the UK ahead of an upcoming EU Summit at the end of this month. In addition, interest rate increases in both the Eurozone and the UK are looking increasingly unlikely near term.
As a result, downward pressure looks set to remain on “risk on” assets such as the Australian Dollar and stocks, while safe havens such as the Japanese Yen and the Swiss Franc are benefiting.
YOU CAN READ MORE OF OUR TRADE WARS COVERAGE HERE:
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--- Written by Martin Essex, Analyst and Editor
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.