FX.co ★ Trading plan 06/20/2018

Trading plan 06/20/2018

The overall picture: Trump attacks China. The main political theme is the escalation of trade disputes between the United States and China.

There is no important economic news on the market. The main political theme is the escalation of trade disputes between the United States and China. On Tuesday, June 19, US Trade Advisor Peter Navarro published a detailed document accusing China of unfair trade practices. The document is entitled "As China's economic aggression threatens the technology and intellectual property of the United States and the world."

Against this background, we should expect the stock markets to fall and the US dollar to grow.

GBP/USD pair: At the moment, the pound looks weaker against the dollar than the euro.

We are selling from the level of 1.3220.