Skip to content Skip to footer

Markets to Watch Heading into the G20 Summit

The last 2 weeks have been historic, Bitcoin reaching $14,000, Gold reaching a 7 year high above $1,400 and the sun finally appearing in London and New York respectively. However as we head into the weekend, the scorching temperature isn’t the only occupying factor many of us face. The G20 summit has commenced, and with several geo-political points on the agenda, and the markets closed over the weekend, the first week of trading in July looks set to mirror the weather forecast. Heatwave pending.

The US/China trade deal is still the pressing issue, with whispers of a potential final showdown leading to a deal. Nuclear tensions with Iran and North Korea have muted all talks of Russia recently. However with Crude approaching $60 per Barrel, concerns may be raised in a similar fashion to February, when Trump’s tweet on $60 plus Oil sent the market down 3%.

So with the fundamentals still unknown, what does the technical analysis tell us? Below, using the Tradeview MT4 platform, I analyse 2 key markets which could be impacted by the fall-out of this weekend.


What goes up must come down? A run which many first expected to happen the second Trump won the 2016 election. However with his US first approach, the markets grew and the world didn’t end and gold traded in the $1100s as a result. The sentiment has changed, with current uncertainty on several fronts, along with the diminishing economy, Gold hit a 7-year high of $1,440. The volumes now show this as being overbought, with RSI trading above the 70 level. With 10/25 day moving averages also positioning for a potential downwards cross. Could a deal or eased trade tensions lead to a big sell-off next week?



In addition to trade, talks of a currency war reached our ears in recent days with the US opposing a weaker CNY. This opposition coming in the form of yet another Trump tweet, where he also had some choice words for Draghi’s latest easing comments. As a result we saw the bull run in USDCNY halted at which was also a resistance of 6.950. As we now fall towards the 50% Fibonacci level, could we see sell stop orders triggered leading to a bear run?


One thing is for sure and two things are for certain of this weekend, it will be hot. We will also have further information on how global current affairs may or may not settle. As a trader will you be proactive in finding your own trading opportunities?

Interested in joining my trading webinars, please email me @

Show CommentsClose Comments

Leave a comment


Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

TVM Global Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C.

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.