Tuesday Forex Traders Money Market Update. 6th August 2019

Link to my Ray Dalio podcast video US Treasury Department added fuel to the fire late on Monday Washington DC time releasing a statement saying China is a currency manipulator. CNBC reports that “Secretary Mnuchin, under the auspices of President Trump, has today determined that China is a Currency Manipulator,” the Treasury Department said in a release. “As a result of this determination, Secretary Mnuchin will engage with the International Monetary Fund to eliminate the unfair competitive advantage created by China’s latest actions.”

Financial markets have sold off heavily on Monday with the S&P 500 and Dow Jones closing down 3% and the tech heavy Nasdaq down 3.5% their largest one day falls in 2019. Asian and European markets were no better off with the FTSE 100 in London down 2.5% and the Nikkei in Tokyo down 1.75%. Please ensure you watch today’s video update as I share with you the key levels on currency and stock index markets that may offer some support in coming days.

As I said last week financial markets needed a reason to sell off and they didn’t just get one reason, they got two or three. The Fed was not as dovish as markets expected them to be, Donald Trump went against the better judgement of his oval office team and decided on his own that the USA would impose more tariffs on China. China has now retaliated and financial markets are genuinely fearful that the latest trade war could get worse and spill over into a broader global economic slowdown. 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.