Trading forecast for June 22

Trading forecast for June 22

2019-11-11 • Updated

  • Thursday mixed economic data didn’t let the US dollar index to break the psychological level at $95. Philly Fed manufacturing index was weaker than anticipated, however, unemployment claims data appeared to be more positive than the forecast. Mixed data were not an encouraging factor for the USD, as a result, it’s falling trading near $94.60. The support lies at $94.


As the USD is weak on Thursday, other currencies managed to recover. EUR/USD pair rebounded from the support at 1.1550. As a result, the pair is moving to the resistance at 1.1670. On Friday, a lot of economic data will be released.


  • If the actual data are greater than the forecast ones, the pair will be able to reach the resistance. Otherwise, it will come back to the support at 1.1550 EURUSDDaily.png
  • The pound got a boost from the Bank of England. Of course, the interest rate wasn’t changed, however, the number of members who voted to keep the interest rate unchanged declined. As a result, 3 members were for the rate hike, 6 voted to hold the interest rate. It means that the central bank is closer to a rate hike. As a result of the optimistic central bank’s meeting, the pound broke the resistance at 1.3180 and is moving up. On H4, you can see that 50-hour MA at 1.3280 is the next level to break. If the pair is able to do that, the next resistance is at 1.3310. On Friday, no important Britain economic data will be released. As a result, there are risks of the pullback to 1.3180.


  • Friday will be an important day for the Canadian dollar. Firstly, a lot of economic data will be released. CPI and retail sales forecasts are encouraging. As a result, if the actual data are greater than the forecast ones, the Canadian dollar will appreciate.


Moreover, OPEC and its allies will meet to make an agreement on the future supply. If they agree to increase the production, oil will go down and as a result, the Canadian dollar will depreciate. Up to now, the USD/CAD pair is coming back to the support at 1.3290. Friday movement will depend on the economic data and OPEC meeting. If news for the CAD is encouraging, the pair will break the support and will move down. Otherwise, it will stay within 1.3290-1.3380.   



What to trade on May 9-13?
What to trade on May 9-13?

It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!

Latest news

What to trade on May 16-20?
What to trade on May 16-20?

Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera