Thursday Forex Traders Money Market Update. 30th May 2019.
US bond yields continued to decline on Wednesday signalling that traders are becoming increasingly worried about an escalation in the current trade war with China. Business sentiment is now being impacted and whilst it is too early to gauge the economic impact the tariffs are having on both countries the markets reaction is to continue to remain cautious and rather bearish with the S&P 500 falling another 0.69%. 7 out of the last 9 trading days have been down days.
The S&P 500 has now touched and bounced off the 200 EMA on the daily chart and this may give traders are reason to try and bounce this market back higher before the weekend.
Andrew is a professional trader and successful investor who has a strong focus on education.
He is a regular Sky News Money Channel Guest and one Australia’s most awarded and respected financial experts, and is regularly contacted by the Australian Media for the latest on what is happening with the Australian Dollar.
Director at LTG GoldRock, Andrew Barnett, guides thousands of traders around the world in the live market on a daily basis, advising them on buy and sell directions, as well as trading his own personal account.
Andrew, a regular key-note speaker at trading and wealth-creation events throughout the Asia Pacific region, is an authorized representative registered with the Australian Securities and Investment Commission (ASIC).
Currently Andrew is living his dream life on the Sunshine Coast with his loving wife and three children.