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Tariffs weigh on markets, pound recovers ahead of data

The market mood has worsened and the yen recovered on fears that Phase One of the trade deal – due to be signed today – will not be helpful enough to the global economy. Also, the administration is set to tighten pressure on Huawei, China’s telecom giant.

US-EU trade: The European Commission’s Phil Hogan continues trade talks in Washington after the first day of negotiations ended without a breakthrough.

GBP/USD has been recovering and recaptured at 1.30. The Bank of England’s Michael Saunders – a hawk turned dove – will speak early in the day and may join the calls for cutting rates. The UK then releases inflation figures for December, with the headline Consumer Price Index expected to remain unchanged at 1.5%.

GBP/USD has improved its position ahead of inflation data— Confluence Detector

According to Trading Central (3rd party RIA) the GBPJPY could be heading UP to 149.17 if it does not go BELOW 138.51

* Past performance is not a guarantee of future performance

Number of Lots:Required Margin:Risk Management (200%):Potential Profit/Loss 149.17
1€ 3,900.92€ 7,801.83€ 5,034.80
5€ 19,504.58€ 39,009.17€ 25,174.00
10€ 39,009.17€ 78,018.33€ 50,348.00
25€ 97,522.92€ 195,045.84€ 125,870.00
50€ 195,045.84€ 390,091.67€ 251,740.00

WTI Oil Outlook: bears are pausing above 200DMA, awaiting US crude inventories reports

WTI oil price edged higher on Tuesday after steep fall in past six days found footstep at 200DMA ($57.75). Oil price came under pressure on signs of de-escalation of US/Iran conflict as unexpected rise of US crude stocks last week that also raised concerns about global oversupply. Positive signals come from expectations that US and China will sign phase 1 of their trade deal and raise expectations that China would increase oil imports from the US.

According to Trading Central (3rd party RIA) the Crude Oil(WTI) could be heading DOWN to 54.80 if it does not go ABOVE 60.80

* Past performance is not a guarantee of future performance

Number of Lots:Required Margin:Risk Management (200%):Potential Profit/Loss 54.80
0.5€ 2,610.16€ 5,220.32€ 1,461.33
1€ 5,220.32€ 10,440.65€ 2,922.66
5€ 26,101.62€ 52,203.24€ 14,613.31
10€ 52,203.24€ 104,406.47€ 29,226.62
20€ 104,406.47€ 208,812.95€ 58,453.24

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