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Us-sino-tradewar

GBPAUD TRADING OPINION AND PLANPotential space for lower in my opinion and as the chart we can see price breaking lower the ascending trendline and support 1.93076 should indicate bearish in power. Boris Johnson and his friends are amending the Brexit bill to NOT allow further extensions. This means that, once the government has set a deadline, the U.K. must stick to it with or without a trade deal with the EU. On the other hand the so-called Phase One trade deal between Washington and Beijing has been “absolutely completed,” a top White House adviser said on Monday, adding that U.S. exports to China will double under the agreement which provided some positive vibe in comdolls sentiment which I think will help Aussie on this trade at the moment.
Short
by jessi061
EURO Vs Loonie (EUR/CAD) Trade Idea and Plan: Bullish biasEUR / CAD has developed higher lows connected by a longer-term upward trend line and also displays lower stochastic lows. This bullish divergence indicates a rebound may occur. With little eye-catching improvements for leading indicators for the eurozone, in this session, I'm hoping to catch a quick bounce for the shared currency. On the flip side, there might be enough expectations for another dip in Canadian retail sales figures to keep the Loonie on a weak footing. On top it all off, the resurfacing uncertainty surrounding trade talks between the U.S. and China could hold a veil on gains for commodity currencies and the dollar, reversing the euro may have chances in that case.
by jessi061
Aussie Vs Loonie (AUD/CAD) Trade Strategy and PlanTraders sold the Aussie like no tomorrow when the minutes of RBA's meeting indicated members expected another rate cut in November. We are worried about Australia's major trading partners ' economic slowdown; contraction in housing construction activity; outlook for consumption; wage growth; inflation; and domestic growth. Ultimately, the latest papers point out that when they meet next, RBA leaders will slash their rates in February. Trade tensions in the U.S .- China pressured crude oil prices and lead it to fall lower further. Also, Russia isn't inclined to cut production more deeply at the December 5 OPEC meeting and that means the market is likely to remain oversupplied in early-2020 . Carolyn A. Wilkins (Speech): The market is focusing on the line that there is 'room to maneuver'. Don't think she's sending a signal here but any time there is the talk of cuts (and QE), that's the knee-jerk. USD/CAD touched a session high of 1.3264 from 1.3230 before the comments and AUDCAD had an effect too. Canada also did not publish outstanding posts. Canada’s manufacturing sales took a step back in September. CPI reports (Nov 20), Poloz Speaks (Nov 21) and Retail Sales (Nov 22) will clearly provide additional optimism or pessimism hint to traders for the loonie. Positive turn in global risk sentiment may also help traders to think to get out of safe havens and into risk currencies like the Loonie. Flash manufacturing and services PMIs (Nov 21) from Australia should be taken care of. We should take this information in mind throughout the week if we trade in this cross pair or any Aussie or Loonie being as base or variable (counter).
by jessi061
3
Greenback Vs Yen (USD/JPY) Trade Strategy and Plan-Industries have not been hurt by the administration's trade actions. -There is no uncertainty with regard to trade worse. -The cost of doing nothing was killing us as a country. -China starting big agricultural buys if they don't make a deal with China they will substantially raise tariffs on China imports. -The situation between China and the US involves more conflict than the world has seen before, but eventually, we'll resolve it because this is the best way for both. -There will be a trade deal. -There will be one deal after another, and one issue after another will be resolved but it can take a lot of time. "They are dying to make a deal. We're the ones that are deciding whether or not we want to make a deal," Trump said of China. "We're close. A significant Phase One trade deal with China could happen. It could happen soon. But we will only accept a deal if it's good for the United States and our workers and our great companies."
Long
by jessi061
Aussi Vs Greenback (AUD/USD) Intraday Trading Strategy & IdeaWe had a negative tone to fear to feel at the beginning of the week, perhaps after Trump's news playing down positive China trade talks (incorrect coverage of US willingness to lift tariffs as part of a "step one" agreement). For now, the key level which I mention in chart 0.6850 had a break earlier and is now testing. The message to look for is a bearish one as long as the mood of the U.S .- China's trade front remains sour. NAB Business confidence data had been downtrend in past couple of months and morning it was better than last month though. If the U.S .- China feeling reverses (which is a very possible scenario), then a break above the key level 0.6850 zone is the technical signal to be interested in the role of long bias.
Long
by jessi061
Aussi Vs Yen (AUD/JPY) Mid Term Trade Strategy & PlanWord through the forex town was that, depending on how the first step of the agreement works out, the U.S. and China are planning to roll back certain tariffs in tranches. Risk capital, however, had their rallies cut short when it was also revealed that within the U.S. government this proposal faced strong internal opposition. The monetary policy statement issued at the Asian session of the RBA indicated that the central bank refused to further lower rates. Besides seeing some signs of growth emerging from a soft patch and labor market resilience, officials are also concerned that further easing could convey an excessively negative performance view.
by jessi061