CommoditiesForexMarket Review

Trump and the EU VS China

As it turns out the Eu and Trump are seeing things in a similar way but with different time scales as to how to treat them when it comes to China. Meanwhile, in the US the violence continues on with over 56 shot in Chicago alone, combine that with news that the WHO organization is stating that we are entering a new phase cycle in the coronavirus front we can expect some major volatility to come into the markets.

Our outlook is that the dollar is heavy and will likely trade lower today temporarily pushing up foreign currencies. However, if things play out accordingly we could get some downside in foreign currencies especially in GBP this week to much lower prices, so any buys taken today are simple day trades.


EURUSD: BUY

Our target is 1.1265

GBPUSD: BUY

Our target is 1.2465

USDCAD: SELL

Our target is 1.3419

GOLD: BUY

Our target is 1712.54

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