Welcome to episode 7 of ‘Talking Bull’.
In this video/podcast we cover the main headlines and what to expect from the day ahead. We take a technical look at key markets that are likley to be impacted by todays events. Also we participate in a ‘Gun to the head’ challenege where each of us call a live trade. These will expire at 9pm tonight and we will keep track of the progress over time.
Hope you enjoy it!
Join us on Telegram for more content – https://t.me/signalcentre
Ian is 6/6 on the gun to the head challenge! See the stats below.
We have also included an illustration based on a £1000 account. This will follow the combined return of our morning trades by risking 1% of the trading captial per trade. The 1% risk is a variable monetary amount and will rise and fall based on the success of the calls.
Chinese Commerce Ministry: China And US Have Agreed To Cancel Existing Tariffs In Different Phases
If China And US Reaches Phase 1 Trade Deal, Both Sides Must Cancel Existing Tariffs At The Same Time, With The Same Proportion Based On Agreement
No Information On Venue Of Xi-Trump Meeting
Precious metals secured only a limited recovery with fresh losses after positive Chinese tariffs rhetoric.
Global equities were resilient with US futures at record highs on Thursday after the trade rhetoric.
Oil prices dipped after a large inventory build with trade reservations also a negative influence before a recovery on Thursday.
There are very strong expectations that the Bank of England will maintain interest rates at 0.75% at Thursday’s meeting. There is a risk that growth expectations will be lowered in the inflation report, but commentary is still likely to be notably restrained given Brexit uncertainty and the on-going election campaign.
Chart of interest – DAX
Trading at the upper end of a channel. Broken to the highest level since May 2018. Watchin the close on the daily, below 13207 could highlight a rejection and trigger a correction.
What is the focus?
Data due out today:
BOE Interest rate decision @ 12pm – Unchanged expected.
Mark Carney BOE Governer speaks @ 12:30pm
Gun to head trade ideas – Results so far
Gun to head trade ideas – Today