Funny Money on August 2 Red Letter Trading Day

Commentary, News

Unexpected news equals unexpected financial gains or losses as Venus squares Uranus.

Funny Money

By Susan Abbott Gidel
August 1, 2019

(All times Eastern)

More money-related surprises could occur on Friday, August 2. That’s because the money planet Venus is in a tension-filled square with Uranus, the king of the unexpected, exact at 6:00 am. These two planets in conversation create unexpected news that can create unexpected financial moves. In a 90-degree square, market reaction is likely toward the lower/bearish interpretation.

This aspect was 18 hours away from its exact point when the United States announced new tariffs on China that sent markets reeling on Thursday. So, certainly, that could be the unexpected news surrounding this transit, as transit energy builds to a peak at the exact perfection. Be on the lookout for further developments overnight and on Friday that could be equally surprising.

Friday’s reports include:

  • 2:30 am  Switzerland CPI
  • 5:00 am  Eurozone Retail Sales
  • 8:30 am  US Employment Situation
  • 8:30 am  US International Trade
  • 8:30 am  Canada Merchandise Trade

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As always, please use protective buy and sell stops when trading futures and options.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

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