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We assume that in the short-term the euro may go lower by the sheer force of gravitation. EUR/USD slipped below 50-day MA (1.0670). Further levels to watch on the downside are 1.0625 (100-day MA) and 1.0580 (support line from January lows).
Gold still has space to fall, and the euro is trying to price the ECB rate hike. Inflation readings, Elon Musk problems, earning reports, and the overall market outlook for forex await you in this video.
The selloff of the stock market continues, bearish rumors for gold, levels for USD ahead of NFP, a preview of the rate statement by the Reserve Bank of Australia, and our trade results of June…
Gold is still moving like a snail; Russia faces default; first signs of upcoming earnings season, and dozen of speeches from bank’s governors and G7 members. We have a lot to look for, and in the next several minutes, you will be filled with trade ideas and market news!
The release of the US CPI on Wednesday will determine whether US500 continues its advance or reverses down. Tensions between the US and China boosted the demand for gold, but will it persist?
A lot of exciting events are happening this week, including nonfarm payrolls, BOE and RBA rate hikes, and earnings season.
The trading world is looking forward to the FOMC meeting on Wednesday! The rate hike is obvious…
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