I am fading the Tweet yesterday as a US-China trade deal is around the corner. I expect the final summit to come in late May. A trade deal will be enough to support the recovery in China and Europe. From a markets perspective, the deal is now mostly priced into Equities giving a very typical “trade the rumour” and “fade the fact” opportunity. Whilst on the FX board, a deal will support commodity currencies notably AUD, NZD, CAD and NOK.
Note
Risk prevailing creates a difficult environment for longs ...this had to be used in combination with the AUDNZD hedge 
Trade closed: stop reached
Stops hit here... no surprises to be honest after we lost the 73 quarter overnight.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.