For Traders

Analytical Reviews

Trading plan

01.06.201810:37 Forex Analysis & Reviews: Trading plan 06/01/2018

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Trading plan 06/01/2018

New duties from Trump - the center of attention.

On Thursday, the G-7 summit began - at the level of the Ministry of Finance and the heads of the Central Bank. The summit's agenda was actually thwarted by Trump's unexpected decision to still impose duties on steel and aluminum for the closest US allies - the EU and Canada (and Mexico).

Earlier, everyone expected that Trump would give allies benefits. As a result, all the participants in the Group of Seven made strong criticism of the US position. Negotiations will be held on Friday and Saturday. Next week there will be a summit of the seven heads of government - with the participation of Trump - there the question will be finally settled.

Against the background of Trump - the crisis in Italy has receded into the background - but this topic can return to the markets.

In addition, today at 12:30 PM London time - the report on employment in the US for May. However, the effect will be lowered against the background of duties from Trump.

GBPUSD: Buy from 1.3350.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.