Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Market updates on June 18
Information is not investment advice
· The Australian dollar continued to weaken after the release of the Reserve bank of Australia meeting minutes. It indicated the possibility of another rate cut. AUD/USD has been trading near the support at 0.6828. The next support is placed at 0.6571. From the upside, there are resistance levels at 0.6934 and 0.7019.
· The news that UK Chancellor of the Exchequer Phillip Hammond was prepared to resign due to the Prime Minister Theresa May’s budget spending plans weakened the British pound during the US trading session yesterday. The cable needs to stick above 1.2551 level to recover. After that, the next key resistance will lie at 1.2705. On the flipside, bears will keep the 1.2477 level in focus.
· Gold has tested the highs above the resistance at $1,345. The next resistances are placed at $1,350 and $1,355. From the downside, there is a support at $1,333. If this level is broken, the next support will lie at $1,320.
Key events ahead:
The speech by the ECB President Mario Draghi - 11:00 MT time
The speech by the BOE Governor Mark Carney – 17:00 MT time
Similar
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
The US national GDP is in focus next week
What's going on with the US GDP? Economists think that the first quarter will be pessimistic. Let's check.
Popular
Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
Choose your payment system
