Wednesday Forex Traders Money Market Update 31st July 2019.

Donald Trump sent the Aussie and Kiwi Dollars to new lows on Tuesday after letting rip with a flurry of 3 Tweets directly criticising the Chinese over not buying American agriculture products and suggesting China is doing very badly. Trump knows the US has the upper hand on trade negotiations and China knows it too and unless the Chinese are going to bow to the American demands (wont’ happen) then the trade war will only likely intensify. Australia is so heavily reliant on China any negative publicity surrounding a trade deal with the US directly impacts the local currency and any emerging market that is also reliant on trade with China.

Following are the Tweets that Trump sent that got traders selling down the AUD and NZD leading into the opening bell on Wall Street on Tursday.

“China is doing very badly, worst year in 27 - was supposed to start buying our agricultural product now - no signs that they are doing so. That is the problem with China, they just don’t come through. Our Economy has become MUCH larger than the Chinese Economy is last 3 years....”

“..My team is negotiating with them now, but they always change the deal in the end to their benefit. They should probably wait out our Election to see if we get one of the Democrat stiffs like Sleepy Joe. Then they could make a GREAT deal, like in past 30 years, and continue”

“...to ripoff the USA, even bigger and better than ever before. The problem with them waiting, however, is that if & when I win, the deal that they get will be much tougher than what we are negotiating now...or no deal at all. We have all the cards, our past leaders never got it!”

Thank you, Mr Trump.

It was the above Tweets from Donald Trump that drove the Kiwi Dollar lower in the lead up to the start of Tuesday’s trading session in New York. I elected to take profit prior to the US trading session opening to ensure I was comfortably out of the trade should either the AUD or NZD rebound. I also wanted to be out of any currency positions leading into the US Fed statement which is due for release at 4.00am AEST Thursday morning.

I am currently flat in the currency market and are unlikely to take another trade until after the US Fed and BOE statements which are due in the coming 48 hours. With the official US payrolls number also due on Friday I am more than happy to see the FX punters fire away at the news driven events and I will patiently wait until next week. 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.