#NewsTrade
Here are some key news and trends in trading:
Market Updates
- *EUR/USD*: The pair is trading near 1.1100, under heavy bearish pressure due to the US-China trade agreement and lowered tariff rates, which has boosted the US Dollar.
- *GBP/USD*: The pair is declining sharply, trading below 1.3200, due to unabated USD demand.
- *Gold*: Gold prices have slumped below $3,250, losing over 3% on the day, as risk flows dominate markets following the US-China trade agreement.
Trading Strategies
- *News Trading*: This strategy involves taking advantage of market opportunities created by news events. Traders can use economic calendars and news feeds to track scheduled events and plan their trades.
- *Types of News*: There are two main types of news: scheduled news, such as interest rate decisions and earnings reports, and sporadic news, such as natural disasters or unexpected economic events.
Market Analysis
- *Technical Analysis*: This involves analyzing past price action to predict future price movements. Technical traders use charts and mathematical indicators to identify trends and patterns.
- *Fundamental Analysis*: This involves assessing underlying economic, social, and political factors that impact asset values. Fundamental analysts use news and data to derive a fair value for an asset.¹
Upcoming Events
- *US Retail Sales*: Upcoming US retail sales data is expected to trigger significant market movements.
- *US-China Trade Relations*: The US and China have agreed to a 90-day pause and substantially lowered tariff rates, impacting market sentiment.²
