Russell Sandiford
Reiwa-Capital.com
The risk appetite is dented across global markets, but the key safe-haven assets are not over-reacting.
The big three haven (risk-yardsticks), are not posting large intra-day trading ranges around the negative bias in market tone.
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USD/JPY remains firm at 108.50
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Gold extremely slow around $1,472-$1,475
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AUD/JPY subdued under 74.00
So how do we position for the US signing off the HK bill, further provoking China?
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Our Studio produces Daily market Video Analysis for Traders who are active across FX, Stocks & Commodities:
Sell SP500 & Buy Gold:
2 Key Trades:
1. Sell SP500
$3,100
Target: $3,005 (+$95)
Stop: $3,130 (-$30)
2. Buy GOLD
$1,470
Target: $1,500 (+$30)
Stop: $1,450 (-$20)
Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment). ‘Reiwa-Capital’ is a brand of Reiwa-Capital Pty Ltd (ACN 640 117 942) of Level 35, Tower One, Barangaroo Avenue, Barangaroo NSW 2000. The information on this website is of a general nature only and is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Reiwa-Capital does not provide or issue financial advice, recommendations, or opinion in relation to acquiring, holding or disposing of a margined transaction.
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