” Prime Minister Malcolm Turnbull suffered a likely fatal blow to his leadership on Thursday as three key Cabinet ministers resigned and demanded he allow another ballot of party lawmakers to decide his fate.
Finance Minister Mathias Cormann, Communications Minister Mitch Fifield and Jobs Minister Michaelia Cash held a news conference to announce their resignations and demand Turnbull convene an immediate meeting. His chief rival Peter Dutton, a lightning rod for disaffection with the government’s slumping poll ratings, narrowly failed to unseat the prime minister in a vote on Tuesday and intends to challenge again.
The resignations “mean it’s game over for him and Australia will have a new leader by the end of day,” said Haydon Manning, an associate professor of politics and public policy at Flinders University. “My money would be on Dutton but you can’t rule out another candidate giving it a go.” ”
” The U.S. dollar pushed higher against a currency basket on Monday, buoyed by expectations for trade talks that investors hope will ease tensions between the U.S. and China.
The , which measures the greenback’s strength against a basket of six major currencies, edged up 0.1% to 96.11 by 03:41 AM ET (07:41 AM GMT) after falling 0.5% on Friday, the largest one day decline in almost a month.
Mounting tensions between the U.S. and its trading partners, along with a propelled the dollar to 14-month highs late last week. ”
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” Turkey’s currency crisis poses an additional risk to Germany’s economy on top of trade frictions with the United States and the possibility of Britain leaving the European Union without a deal, the German finance ministry said on Monday.
The Turkish lira has lost nearly 40 percent of its value against the dollar this year, hit by a worsening diplomatic rift with the United States and by investor alarm about President Tayyip Erdogan’s influence over monetary policy. ”
” A rebound in battered Chinese stock markets on Monday helped lift Asian equities, which also drew support from earnings-led gains on Wall Street in a welcome relief for investors grappling with an intensifying Sino-U.S. trade conflict.
Spreadbetters expected European stocks to open slightly higher, with Britain’s rising 0.1 percent, Germany’s advancing 0.15 percent and France’s adding 0.13 percent.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.35 percent.
The rose 1.4 percent as investors snapped up shares that were hit hard during a four-day losing run.
Chinese equities were expected to remain volatile as Beijing’s trade feud with Washington showed little signs of de-escalation. ”
I don’t think that that the Asian session will be too active, but the speech of Carney can move the GBP. The other big speech will be Powell’s this afternoon (EU time), so I’ll try to close all trades before his speech.
PAIRS TO CHECK
The CHF pairs will probably turn on Tuesday. The CHF is overbought and many CHF pairs shows reversal.
EUR and USD. In the last days the EUR gained the USD felt. We have to check the news and the charts, because the reversal is near. EURUSD will probably provide the biggest movement if the reversal starts.
USDCHF is my third pick. Another good combination of the oversold and overbought pairs.
Next week will start with a calm morning, but the US session will be a little more active because of the Sales data.
My prediction about trading on Monday is simple. The USD will probably fall like the GBP. We have to check the GBP pairs for reversals and some of the USD’s will be good for trading like NZDUSD was on Friday afternoon.
PAIRS TO CHECK
There are two pairs, that probably will be confirmed on Monday morning.
AUDNZD will be a nice trade. Those insiders who saw my trades last week, saw that I made nice profit when AUDNZD turned up. We’ll do the same soon with the down movement.
I wrote about the falling USD and GBP. If the USD will fall on Monday, probably the EUR will become stronger, and if the GBP will be weaker, the EURGBP will boost 300-700 points before the US session.
I won’t create the new account for the $100 to $1,000,000 project this weekend, so I’ll share the trades here.
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The tradeing day will start with some Japanese numbers. I am waiting for weaker JPY on Monday, and the expectation is negative to the economy datas, that can help.
The US session is about speeches. Some FOMC member’s speeches will able to generate movements and ECB’s Mario Draghi speech can also make bigger movements.
PAIRS TO CHECK
AUDJPY is one of the JPY pairs I will check on monday. AUD will be one of the best pairs for tomorrow.
CHFJPY is already a confirmed trade for us. We’ll see, maybe this will be first trade on Monday.
USDCHF will be a very good trade, based on technicals and on fundamentals too. The USD will probably fall on Monday and that will help me to earn nice income.
GO TO HTTPS://HUNDREDTOMILLION.COM TO SEE THE TRADES I WILL SET TOMORROW!
“British retail sales jumped for a second month in a row in May, far outstripping expectations as a royal wedding and warm weather helped shoppers put a winter slump further behind them, data showed on Thursday.
The figures pushed up the value of sterling as investors took them as a sign that the economy was recovering from a sharp slowdown in the wintry start to 2018 which put the Bank of England off an interest rate hike.
Retail sales volumes rose by more than all forecasts by economists in a Reuters poll, jumping by 1.3 percent in monthly terms and following an upwardly revised 1.8 percent bounce-back in April, the Office for National Statistics said.”
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The Australian Employment Change can be the first market mover of this day, but not the most important. Investors will wait for the European Central Bank’s Interest Rate Decision and the Press Conference after it. The important US Sales news will be published when the ECB Press Conference will start, so I don’t think that we have to check these news. 99% that these datas will not move the market, the speech will do it. The EUR’s movement will push or pull the other currencies to a random direction.
PAIRS TO CHECK
I have 2 AUD pairs to check. This is the easiest one, because if it confirms, it will probably reach profit without any problem.
The 2nd one, the EURAUD is not that easy. If it won’t be closed before the ECB decision, it will probably go to the other direction (my bet is a positive EUR after the decision and the press conference).
So be carefull and check the new trades on HundredToMillion.com.
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