
Last week was full of surprises! The US dollar plunged despite a better-than-expected retail sales report…
EUR/USD has failed to cross the upper trend line at 1.2000 so far. If it manages to do so, the way up to the 100-day moving average of 1.2050 will be open. It’s likely to happen if the US dollar keeps weakening. On the flip side, if it crosses the 50-day moving average of 1.1960, it may drop to the 200-day MA of 1.1900.
Gold has been rising for the third day in a row! Now it’s getting closer to the resistance of $1790. Once it’s broken, the way up to the high of February 23 at $1815 will be clear. In the opposite scenario, the move below the recent low of $1760 will press the pair down to the $1745 support.
USD/JPY is getting ready for the reverse. All the signs are there. The RSI indicator went below the 30.00 level, the price has crossed the lower line of Bollinger Bands, and it’s getting closer to the 108.40-support level, which it has failed to cross several times in March. On the way up, the pair will meet the following resistance levels: 109.00 and 109.20. However, if bears keep momentum and the price breaks further below 108.40, it may fall to 108.25 and then even to 108.00.
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 volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
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