The US dollar edges higher as investors looked ahead to President Trump's speech
at the Economic Club of New York where he is expected to discuss trade issues.
Trump could confirm a delay on tariffs on European autos and progress on talks
with China, analysts said. The dollar has tended to strengthen during periods
where trade tensions have been elevated and global growth has slowed. The WSJ
Dollar Index, which measures the US currency against a basket of 16 others, rose
less than 0.1% to a recent 91.09.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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