Trump

Market Review 06-05

Market Review 06-05

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Trump Delivers a Blow Ahead of the Open

It’s risk off and only Trump and Twitter can prevent what looks set up to be quite a painful day for the bulls…

Over the weekend, U.S President Trump had stated that an agreement was close. There was a material shift going into Monday, however. News hit the wires overnight of Trump threatening to hike tariffs on $200bn worth of China goods from 10% to 25%. Trump also tweeted of the prospect of tariffs on an additional $325bn worth of goods. Talks are scheduled to kick off on Wednesday, which is now at the risk of being canceled by China.

https://www.fxempire.com/forecasts/article/european-equities-trump-delivers-a-blow-ahead-of-the-open-572503

EUR/USD: Market losing downside momentum

This morning the currency pair is trading at 1.1194. if euro breaks the resistance levels at 1.1223, the aim will be reaching and testing the zone 1.1249. If it is successful, the trend will continue to 1.1302.

Pivot 1.1192

Long above 1.1200 with targets 1.1247&1.1302 in extension

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.1302
1
€ 3,333.33
€ 6,666.67
€ 1,038.40
5
€ 16,666.67
€ 33,333.33
€ € 5,192.00
10
€ 33,333.33
€ 66,666.67
€ 10,384.00
25
€ 83,333.33
€ 166,666.67
€ 25,960.00
50
€ 166,666.67
€ 333,333.33
€ 51,920.00

USD/CHF

This morning the currency pair is trading at 1.0163, If USDCHF drops below the support levels at 1.0145, it will try to find next support at 1.0126. In case of breaking down, the downward trend will continue to 1.0083

Pivot- 1.0160

Sell at price market with targets 1.0125 & 1.00835 in extension

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.0083
1
€ 2,976.19
€ 5,952.38
€ 677.60
5
€ 14,880.95
€ 29,761.90
€ 3,388.00
10
€ 29,761.90
€ 59,523.81
€ 6,776.00
25
€ 74,404.76
€ 148,809.52
€ 16,940.00
50
€ 148,809.52
€ 297,619.05
€ 33,880.00

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.99% 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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