USD LIKELY TO MOVE AS TRUMP AGREES SHORT TERM TRUCE WITH CHINA
Over the weekend we saw headlines out of the G20 meetings and in particular a sort of truce between Trump and China with regards to current trade tariffs. They have put a hold on trade war spats for a few months to come to a fair agreement between the 2 nations.
This will likely help the stock markets move higher with a move back to risk on. Buying the Indexes and some selling of the USD. However, time will tell how long this will hold up for. If we see a break and close above the $97.00 we should see some upside to the USD, a break below the supporting trendline further downside will occur. Patience is key here to see clear direction before getting involved.
This will likely help the stock markets move higher with a move back to risk on. Buying the Indexes and some selling of the USD. However, time will tell how long this will hold up for. If we see a break and close above the $97.00 we should see some upside to the USD, a break below the supporting trendline further downside will occur. Patience is key here to see clear direction before getting involved.