Trading plan for June 8

The US dollar index continues its downward movement. It tested levels below $93.30. The next support lies at $93. No important economic data will be released on Friday. As a result, the further fall may happen.

Oil managed to recover from the negative economic data, however, it didn’t support the Canadian dollar. USD/CAD pair is rising, however, 50-hour MA doesn’t let the pair to move higher. On Friday, traders will take into consideration Canadian job data. The forecast is mixed. If the data are positive, the CAD will be able to rise. The support is at 1.2930 (50.0 Fibo level) and 1.2860. Otherwise, the USD/CAD pair will go up. Resistances are at 1.2975 and 1.3050.

The pound can’t break the resistance at 1.34. No important economic data will be released on Friday. If the pair closes below the resistance, a fall to 1.33 (the pivot point) may be anticipated. However, if the pair is able to break the resistance at 1.34, the further rise will be stopped at 1.3460 (50-week MA). Moreover, the pound fell to a one-month low versus the euro as investors sold the British currency before the British government publishes its proposals for a “backstop” plan for the Irish border.

On Thursday, Australian trade balance data was at the same level as anticipated (0.98B), however, it didn’t support the AUD. As a result, AUD/USD couldn’t stick above the resistance at 0.7660 again, 100-week MA weighs on it. The pair has already tested the support at 0.7640. If the pair closes below the support, the further fall is anticipated. No important economic data will be released on Friday.

The G7 summit is an important thing to look at. It starts on Friday in the morning. Traders will be able to get clues on the world economic growth and make a forecast on future currency movements. The summit is supposed to be interesting as the France President Mr. Macron has signaled that a progress on tariffs, Iran nuclear agreement and Paris climate accord must be made before he'll be willing to sign a joint statement. Let’s see what new we will learn from the summit.

Menyerupai

29.03.2024 10:39 Pasar Waspadai Rilis PCE AS Meski Sebagian Besar Libur Jumat Agung

Pasar saham Asia sebagian besar libur untuk Jumat Agung pada perdagangan Jumat (29/03/2024). Dolar AS juga menguat terhadap euro sebelum data inflasi utama AS

29.03.2024 03:42 AUDUSD Berbias Bearish di Tengah Risk-Aversion

Dolar Australia menguat tipis di awal perdagangan akhir pekan ini, namun masih dalam tren penurunan. Pasar diperkirakan sepi karena memperingati Jumat Agung. Dolar AS menguat karena data ekonomi AS menunjukkan ekspansi,

28.03.2024 08:13 Data Ekonomi Australia Melemah, Seiring Melemahnya Inflasi

Pasar saham Asia memiliki sentimen sideways dengan bias bearish pada perdagangan Kamis (28/03/2024), karena adanya sentimen ketidakpastian menjelang data indeks harga PCE AS..penjualan ritel Australia dirilis lebih kecil dari perkiraannya.

Berita terbaru

02.04.2024 07:03 Yen Terus Terpuruk Mendekati Level Terendah Multi-Dekade

Yen Jepang gagal memikat para investor pada perdagangan Selasa (02/04/2024) meski ada peluang atas kemungkinan intervensi dan..Sentimen penghindaran risiko masih berpotensi memberikan kekuatan pada safe-haven

01.04.2024 08:22 Sanggupkan Emas Berlama-lama di Puncak?

XAUUSD naik ke rekor tertinggi baru pada perdagangan Senin (01/04/2024), di tengah meningkatnya spekulasi penurunan suku bunga..melanjutkan kenaikan kuat minggu lalu hingga membentuk level puncak baru sepanjang masa

01.04.2024 07:11 Sebagian Pasar Masih Libur, Yen Stabil di Bawah 152

Pasar saham Asia sebagian masih libur dan sebagian lagi menguat pada perdagangan Senin (01/04/2024), karena optimisme data pabrikan Tiongkok mendukung..potensi intervensi otoritas Jepang terhadap yen Jepang diperkirakan berada di zona 152 – 155 yen.