Trade Wars and Trump Tweets Leverage Dow Volatility, Restrict Dollar

Talking Points:

• While the major US equity indices closed higher on the day on paper, it started with some of the worst bearish gaps in years
• Headlines related to US President Trump's pressure on Amazon and the progress of trade wars slowly erodes fragile confidence
• Dollar's five-day activity reading is comparable to Summer 2014, will a rebound in activity lever overwrought EUR, GBP, CAD?

See how retail traders are positioning in the Dollar-based majors versus the S&P 500, Dow Jones Industrial Average and equity benchmarks on an intraday basis using the DailyFX speculative positioning data on the sentiment page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)



Source: DailyFX - Forex & Macro News (via YouTube)
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