X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Trump and the Big Seven: Did not reach an agreement

    Trump and the Big Seven: They did not reach an agreement.

    On Friday and Saturday, June 8-9, Canada hosted the G-7 summit. Despite the large number of issues on the agenda, the issue is really only one, it's the main one: the new fees that Trump introduces against the US trade partners - against China and Mexico - and against the US allies - Canada and European countries.

    The outcome of the first day of the summit is short: they did not agree. There are no joyful media reports about a "breakthrough" in the main issue. All the efforts of the participating countries turned out to somehow sign the final text - it must be signed before the middle of the Saturday, June 9, as Trump announced in advance that he would fly early to Hong Kong for a meeting with the head of North Korea.

    All media write that everything could have ended even worse-the refusal of countries to sign the final text - and this is actually a complete collapse of the group of seven.

    Let's note an interesting turn of the plot around Russia. Trump, even before the summit, to all the other leaders of the Seven, unexpectedly said that it was necessary to return Russia to the Seven (that is, to the G8, respectively). Trump's proposals were quickly rejected by the leaders of Germany and Britain, but Italy supported it. Very quickly, literally within one or two hours, Putin's spokesman Peskov said that the Kremlin (read - Putin) is not interested in returning to the G8 - "we are more interested in developing other formats." (On this day, Putin met with the leader of China, Xi Jinping).

    At the very meeting of the Group of Seven, Trump did not raise the topic of Russia's accession to the Group of Eight. At the same time, it was stated that "all European countries in the Group of Seven are against the return of Russia - until the conflict is settled in Ukraine" (that is, Italy was promptly "persuaded"). Still, we note that Germany and Sweden and Finland agreed to the construction of the Nord Stream 2 gas pipeline - which was opposed by Trump ... (this is not about the Group of Seven, but important for the overall picture).

    The result is this: the General Statement of the Group of Seven will most likely be signed - but there is no main text in the text - a decision on the trade dispute over the new Trump duties. At the same time, the EU is preparing an introduction in July of reciprocal duties on goods from the United States. The last attempt to agree - Merkel's proposal to convene a "forum" specifically on the issue of trade conflicts.

    How will this affect the markets? I do not think that we will have a noticeable gap at the opening on Monday. But I do not see any reason for rapid growth.

    EURUSD - closing day and week.

    *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

    Analysis are provided by InstaForex

    Comment


    • EUR/CHF Bounced Off Support, Prepare For Further Rise

      EUR/CHF bounced off its support at 1.1581 (61.8% Fibonacci extension, 61.8% & 38.2% & 23.6% Fibonacci retracement, horizontal overlap support) where we expect prices to rise to its resistance at 1.1658 (61.8% Fibonacci extension, horizontal swing high resistance).

      Stochastic (55, 5, 3) bounced off its intermediate support at 10% where a corresponding rise is expected.

      Buy above 1.1581. Stop loss at 1.1534. Take profit at 1.1658.

      *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

      Analysis are provided by InstaForex

      Comment


      • AUD/USD Approaching Support, Prepare For A Bounce!

        AUD/USD is approaching its support at 0.7560 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where we expect to see a bounce, causing the price to rise to its resistance at 0.7659 (61.8% & 50% Fibonacci retracement, horizontal overlap resistance).

        Stochastic (89, 5, 3) is approaching its support at 9.6% where a corresponding bounce is expected.

        Buy above 0.7560. Stop loss 0.7513. Take profit at 0.7659.



        *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

        Comment


        • Elliott wave analysis of EUR/NZD for June 19, 2018

          Our short-term expectations for EUR/NZD was spot on. First, we saw a minor corrective set-back to 1.6671 (we were looking for 1.6676) before moving higher to 1.6795 (we were looking for a rally into the 1.6768 - 1.6793 area to complete the first impulsive rally of the 1.6567 low. With this five wave rally complete with the test of 1.6795 we will be looking for a correction in wave ii/ into the 1.6652 - 1.6679 area before moving higher in wave iii/ towards at least 1.7047.

          R3: 1.6842
          R2: 1.6817
          R1: 1.6794
          Pivot: 1.6758
          S1: 1.6728
          S2: 1.6695
          S3: 1.6671

          Trading recommendation:
          We will sell EUR here at 1.6772 and place our stop at 1.6845. We will take profit and buy EUR at 1.6680

          *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

          Analysis are provided by InstaForex

          Comment


          • Elliott wave analysis of EUR/NZD for June 20, 2018

            Wave i/ extended higher to a peak at 1.6831 before letting wave ii take over for a correction lower to at least the low of wave four of one lesser degree at 1.6671. This is very close to the 61.8% corrective target of wave i/ seen at 1.6667. Once this correction is complete near the 1.6667 - 1.6671 area, we will be looking for wave iii/ higher to at least 1.7086.

            Short-term, we expect minor resistance at 1.6766 to be able to cap the upside for the decline into the 1.6667 - 1.6671 area to complete wave ii/.

            R3: 1.6830
            R2: 1.68.12
            R1: 1.6788
            Pivot: 1.6766
            S1: 1.6729
            S2: 1.6700
            S3: 1.6680

            Trading recommendation: We are short EUR from 1.6772 and we will move our stop +revers lower to 1.6815. We will take profit and buy EUR at 1.6680.

            *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

            Analysis are provided by InstaForex

            Comment


            • Technical analysis of Gold June 21, 2018

              If We look at the Daily Charts from Gold, We can see clearly they moving in Weekly Up Slope Channel, and now they have a retracement to the down side as long as they not breakout and close above the 1304.93 Gold will going down 1236.09 as their Support level.

              *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

              Analysis are provided by InstaForex

              Comment


              • Elliott wave analysis of EUR/NZD for June 22, 2018

                The minor correction we expected from 1.6921 moved slightly lower than expected and spiked down to 1.6806, but that does not change our outlook for a new impulsive rally soon towards 1.7133 and above.

                Short-term, we could see another minor spike to near 1.6806 before the next move higher should be expected.

                Only an unexpected break below support at 1.6737 will question our bullish outlook.

                R3: 1.7025
                R2: 1.6964
                R1: 1.6933
                Pivot: 1.6890
                S1: 1.6837
                S2: 1.6784
                S3: 1.6737

                Trading recommendation:
                We are long EUR from 1.6815 with our stop placed at 1.6730. If you are not long EUR yet, then buy near 1.6806 or upon a break above 1.6933 and use the same stop at 1.6730.

                *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

                Analysis are provided by InstaForex

                Comment

                Announcement

                Collapse
                No announcement yet.

                Unconfigured Ad Widget

                Collapse

                Unconfigured Ad Widget

                Collapse
                Plus500 offers only CFD service
                Working...
                X