News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • The retailer has created an event that sees its sales surpass Black Friday and Cyber Monday combined. Get your market update from @PeterHanksFX here:
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.44% 🇳🇿NZD: 0.43% 🇪🇺EUR: 0.19% 🇬🇧GBP: 0.11% 🇨🇭CHF: -0.03% 🇯🇵JPY: -0.31% View the performance of all markets via
  • US API Stock Changes: #Crude -7.199M #Cushing -2.550M #Gasoline +0.959M #Distillate +0.992M #Oil $CL_F
  • Bitcoin breached the key psychological level of $30,000 for the first time since January The Jan 22 swing low of $28,800 came in to help cauterize support. Get your market update from @PeterHanksFX here:
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.37% Gold: -0.28% Silver: -0.70% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.01%, while traders in France 40 are at opposite extremes with 68.82%. See the summary chart below and full details and charts on DailyFX:
  • WH Press Sec. Psaki: - More work remains on infrastructure after meeting - Today or tomorrow, a White House team will meet with Senators from both parties
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.01% Wall Street: 0.01% Germany 30: -0.11% France 40: -0.19% FTSE 100: -0.27% View the performance of all markets via
  • McKesson said to explore sale of European, UK businesses -BBG $MCK $EURUSD $GBPUSD
  • EUR/GBP continues to trade towards the bottom of the trading range. Sentiment remains ‘mixed’ after near term decline in long positioning. Get your market updates from @RichardSnowFX here:
Trade Wars Latest: Concerns About NAFTA, China Dominate USD

Trade Wars Latest: Concerns About NAFTA, China Dominate USD

Martin Essex, MSTA, Analyst

USD price, news and analysis:

  • The trade dispute between the US and China is weakening confidence in the US Dollar.
  • Detail of the NAFTA deal between the US and Mexico are scant, and trade relations between the US and Canada are poor.

Our trading forecasts for Q3 have been published; you can find the USD and EUR guides here.

And check out the IG Client Sentiment data to help you trade profitably.

Trade tensions may weaken USD sentiment

Concerns about the trade wars between the US on one side and Mexico, Canada and China on the other have eased a little but will likely remerge soon to keep the USD on a downward track.

There are three principal concerns:

  • Details have not yet emerged about the trade deal between the US and Mexico. Anyway, it could be stalled by Congress and an actual agreement could still be months away,
  • Canada has rejoined the three-nation North American Free Trade Agreement (NAFTA) talks but little progress has been made so far, and
  • A deadline for the next round of US-China tariff talks next week is fast approaching.

For now, EURUSD is off its highs, with USD helped by optimism following the news of the US-Mexico deal. However, reemerging doubts could well bolster the pair and send it higher still.

EURUSD Price Chart, Daily Timeframe (May 22 – August 29, 2018)

Latest EURUSD price chart.

Chart by IG

News that the US trade deficit in goods widened to $72.2 billion in July will likely strengthen the determination of US President Donald Trump to take a hard line in the negotiations with its trading partners – and that will likely ensure that the EURUSD uptrend resumes soon.

More to read:

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 or on Twitter @MartinSEssex

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