Market Review 29-05

Market Review 29-05

US 10yr/3m at lowest level since global financial crisis

Asian equity markets are largely trading with losses overnight as the US-Sino trade tensions heat up again. Beijing yesterday announced it is gearing up to use its dominance of rare earths as a countermeasure in the trade spat with Washington, while the US Treasury Department refrained from labelling China a currency manipulator in its semi-annual foreign-exchange report.

Long term view: markets concluded that the ECB missed out on this cycle. Regarding the Fed policy, markets are now largely discounting a Fed rate cut by December. The US 10-yr yield fell below the cycle low (2.34%) and successfully tested the 50%-retracement (2.28%). A confirmed break would bring the 62%-retracement level (2.06%) on the radar.

https://www.fxstreet.com/analysis/us-10yr-3m-at-lowest-level-since-global-financial-crisis-201905290658

Short positions below 2870.00 with targets at 2785.00 & 2720.00 in extension

Long above 2870.00 look for further upside with 2916.00 & 2954.00 as targets

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10223456

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 2720
0.5
€ 6,216.52
€ 12,433.04
€ 2,901.79
1
€ 12,433.04
€ 24,866.07
€ 5,803.57
5
€ 62,165.18
€ 124,330.36
€ 29,017.86
10
€ 124,330.36
€ 248,660.71
€ 58,035.71
20
€ 248,660.71
€ 497,321.43
€ 116,071.43

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. 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.

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

4.5/5