S&P 500 Is Due a Break and Pound Tumbles Alongside May's Hold (Trading Video)

Trade Wars Talking Points:

• Trade wars remains the most pressing fundamental theme as discussions are pushed back, the US considers more bans and China subsidizes
• Both growth and political risk interests will flare up ahead led by global PMIs and the start of EU Parliamentary elections
• The British Pound continues to defy convention of indecisive markets with a 13-day EURGBP climb befitting the UK's Brexit, May course

See how retail traders are positioning S&P 500, EURGBP and AUDUSD along with the other FX majors, indices, gold and oil intraday using the DailyFX speculative positioning data on the sentiment page. (

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