Trader Confidence Rises as USD Falls | Sentiment Webinar
Market sentiment, news and analysis:
- An improvement in market sentiment is weakening the safe-haven USD and boosting other asset prices.
- While the USD weakens, stocks and commodities are benefiting.
Our trading forecasts for Q3 have been published; you can find them here.
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A deal on trade between the US and Mexico is boosting trader confidence, with stock and commodity prices on the up while the US Dollar eases back. Among the beneficiaries is EURUSD, which could be about to break above resistance at a downward-sloping trendline that has capped the price for more than two months.
EURUSD Price Chart, Daily Timeframe (June 7 – August 28, 2018)
More to read on trade wars
- A Brief History of Trade Wars
- US China Trade War & a Brief History of Trade Wars – 1900 until Present
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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.