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.
And check out the IG Client Sentiment data to help you trade profitably.
Traders confident
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)
You can read more about the USD price and the NAFTA deal here
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
Resources to help you trade the forex markets
Whether you are a new or an experienced trader, at DailyFX we have many resources to help you: analytical and educational webinars hosted several times per day, trading guides to help you improve your trading performance, and one specifically for those who are new to forex. You can learn how to trade like an expert by reading our guide to the Traits of Successful Traders.
--- Written by Martin Essex, Analyst and Editor
Feel free to contact me via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex
