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Hello. Below are a few recommendations for trading in the Forex market on 7.06.2019
On GBPUSD has already formed a series of Doji patterns under 1,2700 level. Will probably finish the correction up and try to resume fall further with the trend. A large number of buyers in the statistics of transactions have a great contribute to. Consider then the sales order 1,26000 and below.
the Fundamental news Asia-Pacific Hang Seng + 0.26% and the Shanghai Composite -1,17 %, the Shenzhen Composite -2,08% Nikkei — 0,01% KOSPI + 0.1% OF the S&P/ASX 200 + 0,39%
Thursday background the markets of China acted as the outsiders, after another round of escalation in the trade war China-USA. The US President Donald trump said about the possibility of another increase in fees in the amount of imports of $300 billion at the end of the G-20 summit. Additional fees has a negative impact on the economy of China, judging by the published drop PMI and the trend of the weakening of the yuan.
Traders on the other Asian markets took a wait – indices has varied in the weakly positive range before the ECB meeting.
Today in China and Hong Kong public holiday, at this time came the statistics:
Japan: index of household expenditure Australia: the volume of housing loans US S&P500; + 0,61% NASDAQ + 0,53% Dow Jones + 0,71 %
Despite the increase, weekly applications of social securities and unemployment higher than forecast, U.S. investors chose the strategy of buying shares due to: the deferral of import duties of Mexico, promises of the ECB, reducing the trade deficit.
the War duties is bearing fruit – the US trade deficit declined by 2%, but the barriers against Mexico may affect American business, so the delay is accepted as a positive signal. The last meeting of the ECB have guaranteed the commitment to stimulus policies until mid-2020.
the Evening news comes in:
15-30 – NFP , the share of active working population and unemployment rate in the United States 15-30 Average salary USA 15-30 – the Level of employment and unemployment in Canada 20-00 – Data on the number of drilling rigs in the US, the Eurozone CAC40 and 0.26%, FTSE + 0.55 percent, the DAX up 0.23 percent, a Press conference of the ECB head Mario Draghi
the last ECB meeting disappointed investors from Germany and France, Mario Draghi expected left interest rates at previous levels, promising new measures to stimulate the EU economy, limited assurances about the retention of the zero percent until 2020 year. It is unrealistic obligations, Draghi left the post in October of this year.
the Lack of incentives the main banker is justified by the current assessment of the economy, revised growth, which ensured the rise of the Euro. Prospects for the 2020-2021 biennium – a reduction in EU GDP, above previous expectations of the ECB.
the Growth index of great Britain caused by trade agreement with the United States and a speech by Mark Carney, Governor of the Bank of England predicted the increasing role of the pound by 15% in the global economy by 2030 year.
in the Morning and afternoon will be released:
8-45 – the unemployment rate of Switzerland 9.00 – industrial output and trade balance of Germany 10-00 – Index of housing prices in the UK
regards, Artem aka TeaDrinker
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