Wednesday Forex Traders Money Market Update. 7th August 2019

Here is a link if you would like to learn how to use the FIB expansion tool I mention in this video. stock indexes rallied on Tuesday on nothing more than a dead cat bounce after Friday and Monday’s large sell off. Nothing changed fundamentally on Tuesday and the US and China administrations are still just as far apart as they were 24 hours ago. In fact, it was the Chinese taking action on Tuesday announcing it was suspending the purchase of US agriculture products.

As I pointed out in one of my recent daily video updates when markets pull back and correct themselves the distance in the price retracement is often very similar to previous pull backs. This applies to currency and stock index markets and in today’s video update I go over the current legs lower in price on both the S&P 500 and some of the major currency pairs.

My expectation is the current sell off will continue and we will see new lows and any rally higher will likely be short lived as markets will behave in the short to medium term based on the commentary from US and China 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.