Market Review 02-08

Market Review 02-08

Trump Ratchets Up Trade War With New China Tariffs; Markets Sink

President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on a further $300 billion in Chinese imports

The new import taxes, which Trump later said could go “well beyond” 25%, will be imposed beginning Sept. 1 on a long list of goods expected to include smart-phones, laptop computers and children’s clothing

The president later told reporters “I think they want to try and make a deal with us, but I’m not sure,” Trump said in a Thursday evening rally in Cincinnati. “Until such time that there is a deal, we will be taxing the hell out of China.”

https://www.bloomberg.com/news/articles/2019-08-01/trump-ratchets-up-trade-war-with-new-tariffs-on-chinese-imports?srnd=premium

EUR/USD: Focus on US non-farm payrolls, today’s close pivotal

EUR/USD charted a bullish hammer on Thursday, a warning of a potential bearish-to-bullish trend change. The trend change, however, would be confirmed only if the pair closes today above 1.1096 (hammer candle’s high).

https://www.fxstreet.com/currencies/eurusd

Oil Price Fundamental Daily Forecast – Plentiful Supply, Sluggish Demand Continue to Cap Rallies

Although U.S. crude oil stockpiles fell for the seventh straight week, traders were somewhat disappointed by the news that U.S. output increased to 12.2 million barrels per day (bpd) from 11.3 million bpd a week earlier.

https://www.fxempire.com/forecasts/article/oil-price-fundamental-daily-forecast-plentiful-supply-sluggish-demand-continue-to-cap-rallies-590278

Trading Central – Crude Oil (WTI)

A break below 54.80 would trigger a drop towards 50.60.

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10335216

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 50.60
0.5
€ 2,468.47
€ 4,936.94
€ 1,891.89
1
€ 4,936.94
€ 9,873.87
€ 3,783.78
5
€ 24,684.68
€ 49,369.37
€ 18,918.92
10
€ 49,369.37
€ 98,738.74
€ 37,837.84
20
€ 98,738.74
€ 197,477.48
€ 75,675.68

Trading Central – EURUSD

Short positions below 1.1200 with targets at 1.1000 & 1.0830 in extension.

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10337651

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.0830
1
€ 3,333.33
€ 6,666.67
€ 2,254.50
5
€ 16,666.67
€ 33,333.33
€ 11,272.50
10
€ 33,333.33
€ 66,666.67
€ 22,545.00
25
€ 83,333.33
€ 166,666.67
€ 56,362.50
50
€ 166,666.67
€ 333,333.33
€ 112,725.00

Risk Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.79% of retail investor accounts lose money when trading CFDs with this provider. The information contained in this market review should not be construed in any way, as containing investment advice and/or a suggestion and/or solicitation for any trading activity and financial transaction. The data contained in this market review is not necessarily real-time nor accurate. The data and prices on the material are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. There is no guarantee and/or prediction of future performance. EuropeFX, its affiliates, agents, directors or employees do not guarantee the accuracy and validity of any information or data made available and assume no liability as to any loss arising from any investment based on the same. Trading Forex/CFD’s carries a high level of risk and can result in the loss of your whole investment. Forex/CFD’s are leveraged products and therefore Forex/CFD’s trading may not be appropriate for all investors. It is recommended that you do not invest more money than you can afford to lose to avoid significant financial problems in the case of losses. Please make sure you define the maximum risk acceptable for yourself.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Find more details about risk here.