Trading plan 06/01/2018
New duties from Trump - the center of attention.
On Thursday, the G-7 summit began - at the level of the Ministry of Finance and the heads of the Central Bank. The summit's agenda was actually thwarted by Trump's unexpected decision to still impose duties on steel and aluminum for the closest US allies - the EU and Canada (and Mexico).
Earlier, everyone expected that Trump would give allies benefits. As a result, all the participants in the Group of Seven made strong criticism of the US position. Negotiations will be held on Friday and Saturday. Next week there will be a summit of the seven heads of government - with the participation of Trump - there the question will be finally settled.
Against the background of Trump - the crisis in Italy has receded into the background - but this topic can return to the markets.
In addition, today at 12:30 PM London time - the report on employment in the US for May. However, the effect will be lowered against the background of duties from Trump.
GBPUSD: Buy from 1.3350.
