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Trader Confidence Rises as USD Falls | Sentiment Webinar

Trader Confidence Rises as USD Falls | Sentiment Webinar

2018-08-28 11:30:00
Martin Essex, MSTA, Analyst
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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)

Latest EURUSD price chart.

Chart by IG

You can read more about the USD price and the NAFTA deal here

More to read on trade wars

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--- 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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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