Wednesday Forex Traders Money Market Update. 3rd July 2019.
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Tuesday’s US trading session saw some price action that doesn’t make sense to me and therefore I will take very little forward indication as to how markets may trade today. Let me explain.
The S&P 500 the worlds largest stock index rallied again and touched a new record breaking high and when we see stocks rallying, we usually see the safe haven currencies on the back foot. The US trading session saw stocks rally and also the Yen rally which from a market correlation perspective makes no sense. There was no high impacting economic data released in Tuesday’s US trading session so therefore I am not going to try and explain why prices moved as they did because there was no catalyst behind any of the moves.
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.