Market Review 15-05

Market Review 15-05

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EUR/USD holds steady above 1.1200 post-German GDP

15:30 Retail sales m/m- USD

Why traders care ? This is the earliest and broadest look at vital consumer spending data. it’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

The forecast is 0.2% if actual greater then forecast is good for currency

https://www.forexfactory.com/calendar.php?day=may15.2019#detail=102645

At the moment EUR/USD is trading just above 1.1200, steady. German GDP came out at 0.4% QoQ as expected and euro-zone GDP is expected to follow. US retail sales and further trade developments are eyed. (at 15:30 today).

Buy EUR/USD as long is above 1.1200 with targets 1.1260 &1.1300 in extension

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.1300
1
€ 3,333.33
€ 6,666.67
€ 825.60
5
€ 16,666.67
€ 33,333.33
€ 4,128.00
10
€ 33,333.33
€ 66,666.67
€ 8,256.00
25
€ 83,333.33
€ 166,666.67
€ 20,640.00
50
€ 166,666.67
€ 333,333.33
€ 41,280.00

GBP/USD clings to 1.2900 as May plans another Brexit vote

GBP/USD is trading around 1.2900, consolidating previous losses. UK PM May intends to bring her Brexit deal to a fourth vote in June as cross-party talks have not yielded results.

A follow-through selling below the 1.2900 handle will add credence to the negative outlook and turn the pair vulnerable to break below April swing lows support near the 1.2865 region and aim towards testing the 1.2800 round figure mark €

Sell GBP/USD with 1.2800 as a target

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.2800
1
€ 2,898.55
€ 5,797.10
€ 860.00
5
€ 14,492.75
€ 28,985.51
€ 4,300.00
10
€ 28,985.51
€ 57,971.01
€ 8,600.00
25
€ 72,463.77
€ 144,927.54
€ 21,500.00
50
€ 144,927.54
€ 289,855.07
€ 43,000.00

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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.