Reasons behind the USD's advance, the earnings season in the United States, the outlook for EUR, JPY, Apple, Amazon, and more in this video!
USD/JPY: forecast for June 19-23
On its way up, USD/JPY has managed to overcome several daily moving averages. Resistance is located at 111.55, 112 and 112.25 (100-day MA) and 113.15. Support lies at 110.80 and 110.40.
This week we will see two CPIs, five PMIs, and a dozen statements from banks governors from all over the world. Why do you need to follow these releases? Because it is a perfect opportunity for markets to gain volatility and for you to earn on this volatility.
This week will be full of meaningful events for the global markets. The US dollar has reached the psychological level of 100. Will it go above or a reversal might happen? How will it affect currency pairs, gold, and the US stock market? All answers are in the video.
This week is likely to be pivotal for many assets, including gold, USD, and several stocks. However, we need to be focused and react fast to the ever-changing environment to get the most from it.
This week, the majors will be affected by the interest rate decision by the Federal Reserve, NFP, the BOE Meeting, and more events.