Friday Forex Traders Money Market Update. 8th November 2019

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The US Dollar received a boost on Thursday following a sharp rally in Treasury Yields following the announcement the US and China would cancel upcoming trade tariff increases.
Risk appetite moved higher once again pushing the Dow Jones and S&P 500 back to recent record levels and driving the safe haven Yen lower. Another reason why the US Dollar benefited on Thursday is that economists are reporting that a successful trade deal between the US and China would result in better US company earnings and a stronger US economy and thus any further rate cuts from the US Fed would be unlikely in the medium term.

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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.

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