
Last week was full of surprises! The US dollar plunged despite a better-than-expected retail sales report…
As for the euro, it is dipping down not only because of the rising US dollar, but also concerns of the ECB that the stronger euro may threaten the EU recovery. Let’s look at the charts. EUR/USD has just broken down the key support of 1.8000 and keeps falling down. The move below the lower trendline near the support of 1.1770 will drive the pair to the low of August 12 at 1.1715. Resistance levels are at 1.1800 and 1.1850.
S&P 500 has set a record high yesterday, almost touching the 3 600 mark. If it manages to cross this level, it will jump to the key psychological mark of 3 650. Support levels are at 3 550 and 3 500.
Let’s move on to gold. XAU/USD was fluctuating inside of the triangle and finally it broke it down. If it falls below the support of $1 930, the way to the next support of $1 910 will be clear. Resistance levels are at $1 950 and $1 990.
Finally, let’s discuss USD/JPY. The pair keeps rallying upward. If it crosses the high of August 26 at 106.50, the doors towards the high of August 28 at 106.70 will be open. Support levels are at the key psychological mark of 106.00 and at the low of September 1 at 105.70.
Follow US PMI report and unemployment claims!
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 will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
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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