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).
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.