The international markets for exchange are undergoing a great revolution. The U.S. Dollar plunges, President Donald Trump just announced tariffs on $50 billion worth of Chinese imports. On Tuesday, President Trump announced a 90-day reprieve on reciprocal tariffs for all of our trading partners. China is not included in this waiver. Although the outcome of the referendum is far from certain, this decision has undoubtedly shored up the market’s risk sentiment. Persistent trade conflicts with China continue to dampen these potential gains.
The Forex market continues to be active, a testament to the effects of these unprecedented changes. International traders are watching the EUR/USD cross currency pair as well. This duo has historically been one of the most widely traded currency pairs available. The market seems to be jumping on the Trump announcement. Investors have begun focusing on the brokers that can offer quality spreads, quick execution and a great trading platform to help them steer through these stormy seas.
The new momentum is so gorgeous as to be almost poetic. 81.4% of retail investor accounts lose money when trading Contracts for Difference (CFDs) with this provider, according to the official figures. This stands as a pretty sad reminder of just how risky trading in this kind of volatile environment can be.
The trade war between the United States and China is deepening. Despite this, the Australian Dollar (AUD) has surprisingly held on quite well, rallying back to almost 0.6390 against the U.S. Dollar. Traders and investors are closely watching this pair as the situation in Ukraine develops further, affecting overall market sentiment.
It seems all the altcoins are recovering from recent declines. Beyond the positive price movement, this recovery starkly demonstrates how investor confidence has changed with the broader cryptocurrency market. This recovery peaks amid a broader, bullish sentiment shift among traders who have been seeking opportunities beyond Bitcoin and its dominance.
Gold, commonly known as a safe haven asset during times of economic uncertainty, is flat thus far. Its price now hovers at just above $3,200 per troy ounce. Yet, uncertainty over a rapidly unraveling global trade rift has seemed to hold back XAU/USD from realizing a more pronounced rally. The balance between risk appetite and geopolitical events still heavily influences how investors respond in the commodities space.