18.06.201808:15 Forex Analysis & Reviews: Trading plan 06/18/2018

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 06/18/2018

General picture: General uncertainty.

Several problems of the world economy and politics at the same time:

Trade conflict along the Trump lines - the EU and Canada; Trump - China - the acute phase of the crisis is scheduled for July.

Conflict in the government Merkel and Merkel-party CDU: The issue of receiving migrants in Germany can split the government - a period of two weeks.

Conflict within OPEC - Saudi Arabia plans to increase oil supplies - Iran objects. Oil is falling.

New week: There are no important news. At the same time on Monday, the ECB forum opens in Portugal (18:30 local time Draghi's speech) - this can trigger a move on the euro.

We expect a new wave of decline of the European currency against the dollar.

GBPUSD: Selling from 1.3209

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.