“Traders await US airstrikes on Syria.”

There will be a dedicated Friday Live Conference Room Link sent to you via email as well as posted on the Trade Time app and across the trainwithandrew Social Media Channels. Friday Live won’t be hosted today in the FX Trading Room but begins at 4.00pm AEST today in a dedicated online Conference Room. Keep an eye out for the link to join the live coaching session.

I want to make sure you view my video update for today because what I want to point out is the resistance level US stock indexes have reached as once again we saw the market turn on its heels and this time head back higher. Out of the last 14 trading days on the S&P 500, 8 have been up days and 6 have been down days and the top of the trading range has been hit again. The market is still confused, however, a definitive break above current levels could be a psychological blow to the bears and I want you to know where this level is.

Safe haven assets were sold in favour of risk assets on Thursday as Donald Trump appeared to back away from his threats to strike Syria (I think he still will) and rumours are that he has instructed White House officials to begin to negotiate with counterparties for the US to re-enter the Trans-Pacific Partnership, which he controversially removed the US from some months ago. I personally believe the US will strike Syria in coming days and this will potentially spike Oil prices higher and send the USD v CAD to new lows.

Whilst the Euro is generally being supported, the ECB minutes released on Thursday showed the Central Bank is concerned about the strength of the Euro and the potential trade war Donald Trump has been threatening. Many economists and traders are anticipating that in the second half of this year, Europe’s biggest and most influential Central Bank will phase out its current stimulus program and begin to raise interest rates along with the Bank of England. If this is the case then the Pound and Euro will continue to be supported and any dips should be considered as buying opportunities.

There is very little in the way of high impacting news this Friday and the theme looks to be “risk on” at this point, however, I will warn you that market could get very volatile the moment a tomahawk missile is fired at Syria.

I look forward to seeing you in Friday Live this afternoon at 4.00pm AEST. Look out for the link in your email inbox later today and also on the Trade Time app and across the Trainwithandrew Social Media channels. Friday Live will not hosted in the FX Trading Room today.

About the Author: Andrew Barnett

Andrew 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 of 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 keynote 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).

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The post Today’s Key Market Drivers: 13th April 2018 appeared first on LTG GoldRock.