Support for risky currencies as trade war hopes grow

Movements in major currencies generally tell the history of the markets. A slight hint of risk-on sentiment, but nothing larger at the moment, with risk assets backed by Kudlow’s comments that the US-China trade is getting closer and closer.

In such a market situation, risk currencies are profitable. With a little context, AUD / USD and NZD / USD are trading in 16-point range.

At the same time, the franc and the yen are losing some of their positions, but again, nothing impressive. USD / JPY sellers remain in short-term control, despite attempts to recover in the pair.

Looking ahead, risk sentiment will continue to be a major asset driver, and without further news about the trade war, everything seems to be like a coin toss (not to mention Friday).

 Trader Aleksandar Kumanov

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance