Trading plan 05/30/2018

Trade plan 05/30/2018

The general picture: Italy mixed the cards.

The crisis in Italy about the government and the past elections caused some panic in the markets of Europe.

In Italy, populists, opponents of the EU and the Eurozone, have polled up to 60% of support. However, the right-wing and left-wing populists did not agree on the government, and Italy is likely waiting for new elections in September.

The main thing is Italy's huge public debt any attempts to exit the Eurozone will immediately cause the collapse of Italy's national debt.

Yet, we believe that the Italian populists are not ready for suicide in Italy and their exit from the euro will be unambiguously canceled.

The ECB currently has sufficient rights to intervene in the Italian public debt market.

Otherwise: The US employment report will be released today at 12.15 London time and the adjusted data of the US GDP at 12.30 London time, which can cause the movement.

GBP/USD pair: We are buying the pound from 1.3330.

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The material has been provided by InstaForex Company - www.instaforex.com