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.

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)

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