AXIA Elite Trader pushing performance boundaries on US-China Trade Commentary | Axia Futures

In this video, Adam is going through the execution of our AXIA Elite Trader Demetris Mavrommatis over some comments made by President Trump on the morning of Monday 26th of August 2019 when he was attending the G7 Summit in France.

The equities had gapped lower and bonds/gold/yen and other safe havens had gapped higher on Sunday night after Trump announced that he would increase the tariffs on Chinese goods. Markets reacted violently with risk off prevailing as trade wars had escalated after Trump’s actions.

However, on Monday morning, while attending the G7 summit, Trump commented that China called the US and is willing to restart negotiations with the aim of achieving a trade deal. This was a surprising positive development that should cause risk assets to rally and safe haven assets to sell off.

As soon as those headlines hit the wires, our Elite Trader positioned himself aggressively in S&P, Gold, Yen and Bund. Knowing how those markets were caught off guard by these comments, he expected an aggressive unwinding of the overnight moves as traders would rush to square their positions.

There was indeed a powerful move in those markets as our trader anticipated. Moreover, a couple of hours after, the Chinese denied that there was a phone call and as a result the S&P quickly pared some of the gains. Our Elite trader took full advantage of the volatility created by these comments. With his very aggressive trading style and big positions across 4 markets he achieved an outstanding trading day.

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