Brent: Future is Still Sunny
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
Stocks are mostly lower today
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now trading between the Tenkan Sen and Kijun Sen levels. An upward wave would lead the currency pair above the Tenkan Sen, confirming the bullish sentiment.
European Market View
The German government expects the economic fallout this year from the coronavirus will be smaller than previously predicted.
Stocks are mostly lower today, with the real action in the markets again happening in the USD.
The U.S. currency extended losses at the start of the new month to trade at its lowest since May 2018.
Apple Inc. has asked suppliers to build at least 75 million 5G iPhones for later this year. The technology giant anticipates shipments of these next-generation iPhones may reach as high as 80 million units in 2020. Apple plans to launch four new models in October with fifth-generation wireless speeds, a different design and a wider choice of screen sizes.
AstraZeneca Plc has begun a large-scale human trial of its coronavirus vaccine in the U.S., with plans to enroll as many as 30,000 adults.
European Key Point
- The German government expects the economic fallout this year.
- Stocks are mostly lower today.
- The U.S. currency extended losses at the start of the new month.
Michael Eliades
Similar
How will ECB Drive EUR?
What will happen? The European Central Bank will present the monetary policy statement on June 22…
USD/CAD Reversal Pattern
After a notable rally all the way to 1.28, USD/CAD dropped back to 1.2730 yesterday, confirming our outlook mentioned a few days ago about the need for a downside retracement before the upside trend resumes.
Popular
Brent: Future is Still Sunny
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
New Trend in Tech Stocks?
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD Holding After ECB Decision
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
Choose your payment system
