Market Review 06-06

Market Review 06-06

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GBP: Buyers mark presence ahead of Carney’s speech

The GBP/USD pair remains on the road to recovery heading into the London open amid an absence of negatives from the US President Trump’s UK visit and broad-based USD weakness. Focus on Carney’s speech.

THE SPEECH WILL BE At 12:00

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

Also today:

ECB- Monetary Policy Statement and right after that a Press Conference

WHEN ITS GOING TO HAPPEN:

14:45- EUR- Monetary Policy Statement

15:30- EUR- ECB Press Conference

https://www.forexfactory.com/calendar.php?day=jun6.2019#closed

According to Trading Central:

Long position above 0.8823 with 0.8912 as target

Short below 0.8823 with 0.8770 as target

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10251635

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 0.8912
1
€ 3,333.33
€ 6,666.67
€ 633.38
5
€ 16,666.67
€ 33,333.33
€ 3,166.90
10
€ 33,333.33
€ 66,666.67
€ 6,333.80
25
€ 83,333.33
€ 166,666.67
€ 15,834.50
50
€ 166,666.67
€ 333,333.33
€ 31,669.00

GBP/JPY according to Trading Central is strong sell below 137.83

Short position below 137.80 with 136.20 as a target

Long above 137.80 with 138.44 as target

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10251637

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 136.20
1
€ 2,894.52
€ 5,789.05
€ 820.00
5
€ 14,472.62
€ 28,945.24
€ 4,100.00
10
€ 28,945.24
€ 57,890.47
€ 8,200.00
25
€ 72,363.09
€ 144,726.18
€ 20,500.00
50
€ 144,726.18
€ 289,452.36
€ 41,000.00

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.94% 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.

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