top of page

Sunday 26/07/2020 - Recap of the week & looking to the week ahead

Updated: Oct 29, 2020

Last week had us all on the edge of our seats as the UK Government confirmed in no way was it to partner with the Chinese owned, Huawei's Technologies Co, Ltd. The UK Government stood alongside the US in agreement believing the tech company to be spying and as a result all tech currently being used by mobile providers is to be removed by 2027.

In the same week we heard how the Russian Government had used technology to possibly affect the outcome of the Brexit referendum, which the British PM strongly disagreed with.

With all this talk of cyber activity you would assume there would be a possible impact with the internet security companies selling their products and service, however that indication has yet to be seen in Nasdaq. Having said that it may best to keep an eye on the Nasdaq, Microsoft and Apple in the week ahead for a shift either long or short as to the sentiment in the market.


Both Gold and Silver seemed to end off the week on a flat note, lets see this week what the sentiment is, and how people are feeling about the Covid-19 virus as we slowly adjust to this knew norm of living.


This week we saw another positive move long as the EUR/USD reached a high of 1.16538. In part the strength we have seen this week is a result of the good news of an EU recovery fund of EUR750bn which has proved to be most positive for the Forex markets.

What we know about this fund is that it is split into two parts:

  1. There will be EUR390bn released to countries hit hard by Coronavirus such as Spain and Italy.

  2. The balance of EUR360bn is to be made available to to assist with interest rates across Europe.

As a result we expect this to be good for certain bonds as well as equities such as the DAX30 and the CAC40 which have already been positively impacted by this fantastic decision.

There is concern that within the next week there will be a level pullback which would be wise to observe in the EUR/USD charts. Currently the Euro is running bullish, but you know how the saying goes - what goes up must come down.

Happy trading, trader!

Please follow on:

Twitter @Tradeupglobal #Tradeupglobal

Youtube @Trade-Up-Global TV

Please subscribe for our monthly newsletter in which we recap on the months market moves as well as thoughts for the month ahead.

Affiliate Programmes 🤹 is my favourite trading platform on the computer or laptop and happens to be what I use to plan and execute scalping and intraday trades. The platform boasts an extensive collection of built-in indicators and strategies which makes trading an awesome experience.

The platform can be free, but, will have pop-ups periodically which can be a little frustrating, therefore I suggest opting in for the 30-day trial. The platform thereafter costs just $14.95 monthly and though it's not free like the MetaTrader platform, it's unlike any other platform currently available and it connects with being your brokerage.

In my honest opinion, the product will not falter you but will take a couple of hours getting familiar with, like any new software. Watching my YouTube channel will certainly assist you through your setup as well.

Please find my affiliate link below to start trading.

I have been using AvaTrade as a registered broker for over the last three years. The service is outstanding and they offer a fantastic on the go app called AvaTradeGO which I use in conjunction with the MetaTrader 4 platform. 📲 regularly. Using these two platforms to periodically check up op my trades gives peace of mind to the busy trader. Both apps can be easily downloaded from your play store of choice.

Please find my affiliate link below to start trading. My partner code is: 85201

🏫 Paid Education 🧑🏻‍🎓 I received my education through a company based in Dublin, Ireland called Bizintra. The material is easily understood and has changed the way I trade only for the better and I can only hope it will do the same for you. The best way forward is to follow the link below get started and then under a sponsorship programme get started either with AvaTrade or both of which you can find in my affiliate links below.

Please find my affiliate link below to start your education.

💵 Donations 💷 If you feel this website adds value to you as a new trader you are welcome to make a donation to my PayPal account, but please note there are no obligations involved. PayPal:


❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content on this website shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a website and Youtube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Trade-Up-Global MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on this data. If you need advice, please contact a qualified financial advisor or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Trade-Up-Global ®. This is not an advertisement for what to do the markets. Any mention of Forex or otherwise shall not be construed as anything other than personal opinion for entertainment purposes only.

Trademarked Slogans (NO use without written permission and license):

⛔️ Trade-Up-Global ®

4 views0 comments

Recent Posts

See All
Post: Blog2_Post
bottom of page