Trump proposes wall-for-DACA in bid to end shutdown

U.S. President Donald Trump proposed an immigration deal on Saturday in a bid to end a 29-day partial government shutdown, including temporary protections for “Dreamers” and other immigrants, but Democrats immediately dismissed it. Read More @ https://www.reuters.com/article/us-usa-shutdown-trump/trump-to-offer-shutdown-ending-immigration-deal-still-wants-wall-money-source-idUSKCN1PD0KF

CRITICAL NEWS – CHINA GDP, UK AVERAGE EARNINGS, NEW ZEALAND CPI, BOJ MONETARY POLICIES, AUSTRALIAN EMPLOYMENT AND ECB CONFERENCE will dominate the market this week.

WHAT IS THE TECHNICAL CHARTS SAYING?

MONDAY NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES

  1. 10am – China will release an important data GDP – AUD, NZD & CAD will make its move.
  2. 10am – Also watch for the NBS Press conference – the press conference has 2 parts – first a prepared statement is read which announces the key economic numbers, then the conference is briefly open to press questions. The questions sometimes lead to unscripted answers that can have a significant market impact. Source changed frequency from quarterly to monthly as of Aug 2009 and then reverted from monthly to quarterly as of Jul 2011
  3. 3.00pm – German will release their PPI data – It’s a leading indicator of consumer inflation – when manufacturers charge more for goods the higher costs are usually passed on to the consumer.

The market will be quiet as US Banks goes for holiday.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

2 Comments
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