
Russian-Ukrainian conflict is influencing every economic aspect…
Let’s look at the charts. EUR/USD has touched the lower line of the Bollinger Bands indicator, so we can assume that the reverse is close and the pair may move up today. If it jumps above the key psychological mark of 1.1800, the way to yesterday’s high of 1.1840 will be clear. In the opposite scenario, if it falls below the key support of 1.1750, the doors to 1.1700 will be open.
AUD/USD has surged due to the economic data. If it manages to break the 38.2% Fibonacci retracement level of 0.7160, it should then reach the high of October 14 at 0.7190. Otherwise, the move below yesterday’s low of 0.71250 will drive the price to the 23.6% Fibo level of 0.71000.
USD/JPY has sharply dropped. The way to the key support of 104.00 is open. If it crosses this level too, it may fall to the next round number of 103.50. In the opposite scenario, the move above the resistance zone of 104.85-105.00 will push the pair to the high of October 20 at 105.45.
Finally, let’s talk about gold. It has approached the significant resistance of $1 912. If it breaks it, it may jump to October’s peak of $1 925. However, the strong upper trendline may constrain its way up. So, if it fails to cross $1 912, it may fall to the support of $1 890 and then to $1 875.
The Bank of Canada will deliver the monetary policy report this evening and hold a press conference. Follow it and keep an eye on the Canadian dollar!
Russian-Ukrainian conflict is influencing every economic aspect…
Last week was full of surprises! The US dollar plunged despite a better-than-expected retail sales report…
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.
Canada will publish Retail Sales and Core Retail Sales on June 21 at 15:30 GMT+3.
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