FX.co ★ Burning forecast: 06/01/2018

Burning forecast: 06/01/2018

Trump again caused a stir in the markets.

U.S. President Donald Trump made a big and unpleasant surprise to his allies. The US president, contrary to expectations, imposed duties on steel (25%) and aluminum (10%) for the EU and Canada (and for Mexico). This caused a sharp negative reaction from the most important US trade partners, naturally. Pledges were made to introduce reciprocal duties on goods from the United States.

Today, a report on employment in the US at 12:30 PM London time will be released - this may increase volatility.

The focus remains on the issues of duties and trade relations between the US and the EU (and Canada).

Buy the euro from 1.1725, stop at 1.1680, profit 1.1900.

Alternative: Sell from 1.1508, stop at 1.1553, stop 1.1360.