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Sino, Trump and bitcoin and pound

We have already written about the Chinese GDP. 6,2% quarterly GDP rate of growth is the lowest accession rate in history. This is a trade war direct result.

Price decline in the financial markets is responsiveness to the deceleration in economic growth. So, oil sales deals are attractive. As well as safe-haven asset demand growth, so we recommend to sell USDJPY but buy gold.

Mr Trump is behind the 20% decrease in bitcoin price which is desperate for maintaining $10 000 level. Donald J. Trump on Twitter: I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Recall, Cryptocurrencies - “criminality and dope-pushers” pied-a-terre.

Our recommendation for the Cryptocurrency market is unchanged. Any Cryptocurrencies price growth is a chance to sell it at a good price. The higher price the large amounts should be sold.

Since Brexit remains on hold, the macroeconomics statistics will be the main pound price changes driver. On our point of view, the current pound financial quote is quite attractive for its buying. Weak data will likely to provoke another round of its sellings, therefore, pay attention and close the open deals based on new information in case of not satisfying data.

Another important data pact is US retail sale data. Weaker data may provoke US dollar sales due to weak data appearance and the Fed reaction on. Recall, the markets are waiting for the Fed to cut the rates. And weak data on retail sales is signal in its favor.

Our trading recommendations for today are as follows: sell the US dollar, oil, and Russian ruble. Buy gold and yen safe-haven assets.