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Business / Finance

Analysis Forex market on 7.05.2019

Portal Forex trader 06.05.2019 at 21:40

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Hello. Below view a few recommendations for trading in the Forex market on 7.05.2019.

EURAUD

On the pair EURAUD, the price returned to the level 1,6040 and bounced formed a pattern Doji. It seems that forces out from the outset is not enough. And should wait for the resumption of the fall to 1,5754. Consider there sales.

EURGBP

On EURGBP pair rebounded again from level 0,8520 and formed pattern Inner bar. Probably we can expect the resumption of growth in the continuation of the sideways pattern.

XAUUSD

On the Gold formed a Doji pattern on the level 1285,60. The price of wage did not reach the trendline to complete the correction. I think that you should wait a little jerk to the trend, and then try to continue the down trend and update local minima.

the Fundamental news Asia Pacific S&P200;/ASX 200 -0,8% Japan Market closed South Korean Market closed Hang Seng and 2.9%, Shanghai Composite index of 5.6%, the Shenzhen Composite of 7.4%

the President of the United States Donald trump yesterday sent Chinese indices in the knockout. Released after the long weekend, investors in mainland China were not ready for such developments, they went on holidays at the purchases, just on the issue of approaching trade negotiations on the final borders. Now the American President on Friday, wants to introduce a 25% import duties on $200 billion.

the Vice Premier of the state Council of the PRC Liu he gives an interview to the South China Morning Post

After the statements of trump, Vice-Premier of China Liu he reported changes in hours of trip to Washington where it will arrive three days later and shorten the visit to one day. Actual, such a step means curtailing talks.

Today morning Asian markets play the rate decision from the Reserve Bank of Australia and inflation data from New Zealand.

the United States Dow Jones — 0,25%, NASDAQ — 0.5% of the S&P500; — 0,45%

American investors have negatively reacted to the "Twitter diplomacy" of Donald trump, the US President announced via social media about a possible restoration of the regime of high duties on Chinese imports, but the situation has not been confirmed at the official level. It saved the markets from a deep correction.

In the second half of the day will be released:

17-00 – the Number of open vacancies in the US 17: 00 business activity Index of the Eurozone stock Exchange Canada, the UK closed the DAX up 1.01% in the CAC40 to 1.18%

European investors are closely watching the trade negotiations of the U.S.-China, soon selected at the EU negotiator, to go to Washington for the conclusion of new trade agreements. Donald trump showed inconsistent position in early may claiming 90 percent readiness to complete a trade war to 4 days to Express a diametrically opposite position.

In the first half of the day will be released news:

9.00 – Volume prosecuto and industrial production in Germany 10-30 – the Index of housing prices in the UK 12-00 – Economic forecasts in the EU,

regards, Artem aka TeaDrinker

last autumn