Parliament

Market Review 18-06

Market Review 18-06

The UK Leadership Race Update: Into the Final Week We Go

The Tory Party leadership race goes into its last week. Boris Johnson remains favorite going into tomorrow’s ballot. Does that mean no-deal?

For the Pound

We can expect the markets to be holding their breath going into tomorrow’s ballot. The EU continues to talk of no further negotiations. A Boris Johnson victory raises the chances of a no Brexit exit… That’s not been a good thing for the Pound and will likely remain so.

A Tory Party leader, who can bring the Tory Party together is positive. For the Pound, however, it does ultimately boil down to Brexit.

https://www.fxempire.com/news/article/the-uk-leadership-race-update-into-the-final-week-we-go-580864

Trading Central – GBPUSD: sentiment is a sell to 1.2340 if Below 1.2800.

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10265629

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.2340
1
€ 2,986.86
€ 5,973.72
€ 1,780.00
5
€ 14,934.29
€ 29,868.58
€ 8,900.00
10
€ 29,868.58
€ 59,737.16
€ 17,800.00
25
€ 74,671.45 center>
€ 149,342.89
€ 44,500.00
50
€ 149,342.89
€ 298,685.78
€ 89,000.00

EUR/USD flirts with 50-hour MA ahead of German ZEW survey, Draghi’s speech

When it is going to happen:

https://www.fxstreet.com/economic-calendar

From a technical perspective, bearish traders are likely to wait for a sustained weakness below the 1.1200 temporary support – marking 61.8% Fibonacci retracement level of the 1.1107-1.1348 recent up-move, before positioning for any further depreciating move. A convincing breakthrough will suggest the resumption of the prior bearish trend and turn the pair vulnerable to accelerate the slide back towards challenging the 1.1100 round figure mark with some intermediate support near mid-1.1100s.

Trading Central – EURUSD: sentiment is a sell to 1.1115 if Below 1.1340.

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10265625

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.1115
1
€ 3,333.33
€ 6,666.67
€ 1,041.30
5
€ 16,666.67
€ 33,333.33
€ 5,206.50
10
€ 33,333.33
€ 66,666.67
€ 10,413.00
25
€ 83,333.33
€ 166,666.67
€ 26,032.50
50
€ 166,666.67
€ 333,333.33
€ 52,065.00

Risk Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.28% 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.

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.

eFXGO! Official iOS Mobile App Free • available on app store

4.5/5