Currency market review August 8, 2019

What do we see in the foreign exchange market?

Amid fears of a trade war, as well as a decrease in the Fed's key rate, the markets are nervous, which confirms the fall of the stock market, as well as the US national currency 🇺🇸.

A slight correction is expected. The general market sentiment is downward.

Against the backdrop of a weakening dollar, the European 🇪🇺 currency has a chance to restore lost ground.

The only confusion is that the key level of support in this market was broken by sellers, and Trump has not yet indicated a position on trade with the EU.

Experts believe that Trump will take a tough stance. For its purpose, to maintain the monopoly of the US dollar and keep all financial markets and all economic unions in a tight grip.

Macroeconomic statistics show us nothing supernatural. The general market sentiment is an upward correction.

Amid concerns over Brexit, the pound 🇬🇧 still cannot come to its senses. But after the Fed’s decision, the pound strengthened slightly.

Amid general uncertainty, the pound may recover positions in the short term. The general market sentiment is controversial.