Trade ideas for June 14-18
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
Taiwan stocks inch up at close of trade
On Monday, Taiwan stocks soared after the close, as revenues in the Glass, Paper & Pulp, as well as Information Services sectors, brought stocks up.
The Taiwan Weighted tacked on 0.72% to achieve a fresh 52-week peak.
On the Taiwan Weighted the best performance was shown by Chipmos, Bright Led and Inventec Besta. They grew 9.96%, 9.93%, and 9.83% respectively.
Formosa Hotel, Infodisc Tech and Billion turned to be the worse performers of the trading session. They slid 6.10%, 4.99%, and 4.44% respectively.
Jumping shares outclassed declining ones on the Taiwan Stock Exchange by 576 to 210, while 95 didn’t change.
Stock in Formosa Hotel dived to 3-years minimums, declining 6.10% to 154.00. Stocks in Bright Led soared to 52-week peaks, growing 9.93% to 16.60. Additionally, stocks in Inventec Besta leaped to 52-week peaks, soaring 9.83% to 12.85.
The currency pair USD/TWD declined 0.29%, being worth 30.603, while TWD/CNY inched up 0.22%, hitting 0.2269.
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All eyes on USD/RUB ahead of the CBR interest rate decision
The main bank of Russian will likely turn hawkish today. Time to sell USD/RUB?
The GBP may be supported
Great Britain will publish its trade balance for April on June 11, at 09:00 MT time.
Latest news
PMI reports on Wednesday will influence EUR, GBP, and USD
Wednesday will please traders as many economic indicators will be out! The USA, UK, and Euro Area will release PMI reports on June 23 from 10:15 to 16:45 MT.
BOE meeting will influence the GBP
The Bank of England will release its statement and announce its monetary policy decision at 14:00 MT.
Trade ideas for June 21-26
Last week the USD soared versus other major currencies, while gold headed for the biggest weekly loss in 15 months. Let’s see what new moves await us this week!
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