June 10, 2019 01:54: Real Top Trading [From Mr. YEN ZC registered newsletter]
From the real-time investment newsletter “Real Top Trading” by YEN-kura, provided by GogoJungle, here are some excerpts from this morning’s delivery.
The U.S. jobs report was weak, but the extreme weakness in the nonfarm payrolls may be due to special factors. However, in the market, expectations for additional easing rose, and U.S. stocks rose, with continued strength in the cross-yen pairs.
The USTR (U.S. Trade Representative) postponed the third round of tariff increases on China from the 1st to the 15th. President Trump announced that he had reached an agreement with Mexico on illegal immigration measures and declared that the imposed tariffs on Mexico would be suspended indefinitely. With recent tariff actions against China and Mexico postponed or withdrawn, the risk-on sentiment is expected to continue this week.
From YEN-kura’s real-time newsletter ‘Real Top Trading’ (Takeshi Tashiro)quoted.
In addition to the Fed Chair's remarks last week, the employment data further strengthened expectations for further rate cuts. Although recent U.S. tariff measures have been put off and risk-on behavior appears to continue, considering the long-term perspective still being risk-off, traders should firmly grasp both short-term and long-term market views and trade accordingly (Editorial Department).
