Attack on tankers, game of thrones of Britain & trading idea

14 июн. 2019 г.

According to media reports an oil tanker turned into a fireball after a suspected torpedo attack off the coast of Iran. A second tanker was said to have been targeted by a magnetic mine in a series of explosions. Oil rushed up as we expected. However, we consider this growth an opportunity for sales at a higher price. Considering that this week oil reserves in the United States have risen to its maximum value amounted 485.47 million barrels since July 2017. In general, over the past 3 months, oil reserves in the United States have shown a weekly growth rate of 10 times.

The race to be the next British prime minister stared yesterday. Conservative MPs will now take part in a series of votes to whittle the candidates down to the final two. Any candidate who fails to secure at least 17 MPs' votes will be eliminated from the contest. Further ballots will be held next week, with the two most popular MPs moving to a run-off of Tory party members.
Boris Johnson topped the ballot in the first round of voting (received more than 100 votes). His closest competitors, Jeremy Hunt(Secretary of State for Foreign and Commonwealth Affairs, and Michael Gove( Secretary of State for Environment, Food and Rural Affairs), received 43 and 37 votes.
As you can see, the most likely winner is Boris Johnson. His position is more than tough - Brexit at any price. So, the pressure on the pound is likely to increase. In this regard, we will focus on finding points for selling pounds.
Friday will be quite a busy day in terms of macroeconomic statistics. First of all, we are talking about the data on retail sales and industrial production in the United States, as well as the University of Michigan Consumer Confidence Index. In addition, attention should be paid to similar statistics from China. If the economy shows signs of a worsening economic halt (which is very likely), the forecast from Paul Tudor Jones is at least a step closer to its implementation.
In a recent interview with the investment fund founder“Tudor Investment Corporation” and one of the best investors of our time Paul Tudor Jones. Gold is his favorite pick in the next 12 to 24 months. If it hits $1,400, it will quickly move to $1,700, he said. Motivation - US rates are likely to return to zero values again, and the trade war will slow down the development of the world economy.

Our trading preferences for today are as follows: we will continue to look for points for the sales of the US dollar primarily against the Japanese yen, as well as the euro, sales of oil and the Russian ruble, as well as buying of gold and sales of GBPUSD.