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Company

Valutrades Limited - a company incorporated in England with company number 07939901. View more information here.
Valutrades (Seychelles) Limited - a company incorporated in the Seychelles with company number 8423648-1.

Regulation

Regulated by the FCA (Fincancial Conduct Authority). Financial Services Register Number 586541.
Regulated by the FSA (Financial Services Authority). Regulatory Number SD028.

Max Leverage

30:1 (or up to 500:1 for Professional clients, click here to find out more about professional client status)
Up to 500:1

Country

United Kingdom
Seychelles

Negative Balance Protection

Yes
Yes

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Early Non-Farm Payrolls. UK Infrastructure Spending Plans.

   

Welcome to this week’s Market Blast Fundamentals where we will look at USDCNH, the S&P 500, the NASDAQ, EURGBP, and GBPUSD.

 

Over the weekend Boris Johnson promised government spending to boost the economy which may help the Pound but also announced that the UK will walk away from the Brexit deal if necessary so watch for news affecting GBP this week.Screenshot 2020-06-29 at 09.20.45

As well watch for tomorrow’s quarterly UK GDP for an overview of the economy.

We have lots of news this week even though we have holidays in the US and Canada.

Note that the Non-Farm Payrolls will be one day early this month so expect volatility on all asset classes Thursday.

The US has news every day with Pending Home Sales today, Consumer Confidence and Jerome Powell speaking tomorrow, and a PMI and the ADP Employment figures Wednesday.Screenshot 2020-06-29 at 09.21.00

Also, with the US Stock indices, watch for news on the November US Elections where we now expect mixed reactions over a Biden presidency as the market is more impacted by surging Coronavirus cases in the US, but countered with news on vaccines and better US/China trade relations in 2021.Screenshot 2020-06-29 at 09.21.08

We see Renminbi consolidating this month against the USD and tomorrow we have important Manufacturing and Composite PMIs which will give us an insight into Chinese industry and its recovery.

That’s all for now.  Happy trading with Valutrades and we will see you tomorrow.

CFDs and FX are leveraged products and your capital may be at risk.

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

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