Day: June 9, 2018

June 9
2018

Euro Strong During Week, Softens by Weekend

The euro ended the trading week as the strongest major currency amid receding fears of turbulent European politics and speculations that the European Central Bank will discuss quantitative easing tapering next week. By the end of the week, though, the currency softened a bit. While the euro suffered the week before due to concerns about political turmoil in Europe, Italy and Spain in particular, such fears waned in the first half of this week. Meanwhile, comments from […]

Read more
June 9
2018

Weekly Forex Technical Analysis (Jun 11 — Jun 15)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1481 1.1567 1.1668 1.1754 1.1855 1.1941 1.2042 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1571 1.1676 1.1758 1.1863 1.1945 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

Read more
June 9
2018

Weekly Forex Technical Analysis (Jun 11 — Jun 15)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1481 1.1567 1.1668 1.1754 1.1855 1.1941 1.2042 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1571 1.1676 1.1758 1.1863 1.1945 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

Read more
June 9
2018

Day One of G-7 Summit Concludes with Little Progress to Show

Talking Points: Group members team up to express displeasure with metal tariffs from the United States An official communique was not released after day one, a reversal from the norm US President Donald Trump will leave the summit early to attend the summit with North Korea Learn the number one mistake traders make when trading. […]

Read more
June 9
2018

Yuan Eyes on FOMC, China-US-North Korea Relations, Investment Gauge

Fundamental Forecast for CNH: Neutral Fed’s rate hike outlook from June FOMC meeting will largely impact the USD/CNH. US-China trade disputes could hurt both the Dollar and the Yuan; major obstacles remain. China may gain leverage in negotiations through its relationships with North Korea and Russia. How to trade news? Learn with DailyFX Free Trading […]

Read more
June 9
2018

Crude Set To Fall Further as View of OPEC Production Hike Firms

Fundamental Forecast for USOIL: Short-term Negative WTI Crude Oil Fundamental Talking Points: The ONE Thing: The rebound in crude appears hollow as OPEC is expected to add to the global oil supply. The increase in supplies, which could come online quickly are already pressuring prices and adding to the coming supply, US oil inventories jumped […]

Read more
June 9
2018

Brazilian Real Rallies Despite Emerging Market Tumble Amid Intervention, Hike Rumors

Talking Points: Brazilian Real surged 4.35% versus the Dollar Friday, bucking a 6-day streak of losses Brazil’s central bank offered intervention for a fourth day after a trucker protest slowed the economy The protest’s added to inflation views and prompted speculation of a rate hike from the central bank Learn the number one mistake traders […]

Read more