S&P 500, AUDUSD or USDCNH - Which is the Better Trade War Play?
S&P 500, AUDUSD or USDCNH - Which is the Better Trade War Play? (Quick Take Video)
• US President Trump and Chinese President Xi agree to a pause in the trade war escalation, but de-escalation remains far off
• Risk trends responded enthusiastically to the post-G20 news, but will the likes of the S&P 500 find a lasting rally in this news?
• AUDUSD carries more virtues in its US-China connections as well as lots of Aussie Data, USDCNH meanwhile will register little else
Does retail trader positioning in the S&P 500, AUDUSD and USDCNH change your view of the technical and fundamental potential following the G20 'break through'? See how retail FX and CFD traders are positioning on the majors, indices and commodities on the DailyFX Sentiment page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)
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