Trading plan 06/04/2018

Trade plan 06/04/2018

EUR/USD: We are waiting for the report on employment and traffic. The overall picture shows Trump raises rates

On Thursday, it seemed that the issue regarding Trump's trade war with China fend off, as US officials said they were having negotiations with China in an attempt to regulate the mutual increase in tariffs caused by Trump's demand to rise by $ 50 billion on Chinese goods, while the Asian country provided an immediate response.

However, Trump was not like that. On Friday morning, the reports said that Trump demanded new measures in response to the Chinese reaction to the rise of tariffs on the new $ 100 billion of Chinese imports. US officials clarified this also, that in the case of a new $ 100 billion, it will question the sum of goods value subject to a new taxation and not the sum of new tariffs.

Moreover, this indicates a new round of escalation. Further details provided in the afternoon. In addition, the US employment report will be issued today at 1:30 PM London time and we expect strong data. We are expecting for the strengthening of the dollar.

GBP / USD:

Buy only with a strong decline from 1.3700 or a breakthrough 1.4100

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* The presented market analysis is informative and does not constitute a guide to the transaction.

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