July 1-5. Key events

2019-06-29

G20 summit is over. But its results were largely unclear. Much remains at the level of agreements of the leaders of the countries. In any case, large gaps are expected on the market on Monday, caused by a different understanding of traders of the related economic trends.

Traders will still be attracted by the purchase of major currencies in exchange for the US dollar, due to the expected reduction in the Fed rate in July.

This trend can seriously correct the escalation of the conflict between the United States and Iran, as well as the consequences of political agreements between the leaders of the G20 countries at the last summit. In this case, investors will prefer to move capital in US Treasury bonds, strengthening the dollar index.

June 24-28, 2019. G20 Summit

2019-06-23

In the coming week, the trends of the main world currencies will be determined by the G-20 summit. A number of important bilateral talks between the heads of state will take place in Osaka, among which Donald Trump and Xi Jinping meet.

The positive outcome of the communication between the two leaders can stop the course of the trade war, slowing the global economy, the positive results will return the dollar to the levels of the highs of the year. The G20 summit will last two days – June 28 and 29 and will end with the adoption of a declaration, the contents of which the markets will play on the first day of July. Probably, there will be big gaps in the markets.

The course of oil was completely dominated by the Middle East conflict, which caused the postponement of the OPEC meeting from late June to early July. The attack on tankers, in which they accused Iran, which shot down an American drone, provokes the US to a military response – Donald Trump postponed a rocket attack scheduled for the end of the week at the last minute.

This situation makes it completely impossible for the current forecast of prices for raw materials. Traders should pay attention to the negotiations organized by the EU countries and the UK in Paris. They are aimed at removing the tension in the Middle East during a meeting of State Department Special Representative Brian Hook with Iranian representatives through the mediation of the European Union.

Gap and Trail robot created for MetaTrader5 platform

2019-06-23

The well-known Gap and Trail robot, distinguished by high efficiency when working on the Forex markets, can now also work on the new MetaTrader5 platform. This opens up new opportunities for the adaptation of algorithmic trading to the conditions of modern markets, which makes it possible to make profits steadily and safely.

June 10-14. Dollar strengthened by US policy

2019-06-08

The expected political events of the week will contribute to the strengthening of the US dollar and the weakening of other major currencies. The main reasons are the trade war imposed by the United States on Mexico and the results of the meetings of the head of the People’s Bank of China with US Treasury Secretary Stephen Mnuchin.

The United States represented by Stephen Mnuchin is trying to dictate its conditions to China. Trump prepared the basis for this and set another ultimatum by entering protective duties on goods from the PRC in the amount of $ 300 billion immediately after the end of the G-20 summit. China can now abandon the previously scheduled meeting of the two leaders in Osaka or take a step towards defusing the confrontation by sending a message through the US Treasury.

May is leaving

2019-05-25

Theresa May announced her resignation. The struggle for the premiership has already begun. In this regard, gaps on currency pairs with GBP are expected on the night from Sunday to Monday. Gap and Trail robot will help you get a profit from this.