Look ahead: UK election; German factory orders; EU-China trade tit-for-tat
FX traders on high alert with the UK and French election result just round the corner. Germany releases its latest factory orders. Plus, how to trade the EU-China tit-for-tat.
The bloc is set to confirm provisional duties of up to 37.6% on Chinese brands such as BYD, Geely and SAIC, as well as on China-made models of Tesla and BMW.
(AI Video Summary)
Volatile week for the markets
Today's "Look ahead" discussion revolves around a particularly volatile week in financial markets due to upcoming elections in the UK and France, and significant economic data releases, including non-farm payrolls (NFPs) in the US. Chris Vecchio of Tastylive discusses trading strategies amidst this turbulence, highlighting opportunities to trade against prevailing market fears, particularly with the euro and British pound amidst election outcomes and EU-China trade tensions.
US economic indicators
Moreover, US economic indicators, such as job data and the Federal Reserve's (Fed) interest rates decision, are influencing market expectations, with potential implications for the US dollar and bond markets. Vecchio also touches on the Australian dollar's performance in relation to trade balances and global economic factors.
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