Monday high. Friday low The EURUSD reached a high on Monday at 1.1790. The low today reached 1.16119. That took the price below the July 4th low at 1.1629 but it fell short of the July 2 low at 1.1591.
Commitment of traders report for the week ending July 10 – EUR long 24K vs 37K long last week – GBP short 40K vs 29K short last week – JPY short 40K vs 39K short last week
Speaking on conference call about the preliminary confidence report The University of Michigan survey director Richard Curtin is speaking on a call about the July University of Michigan consumer sentiment report. That report showed the preliminary estimate to have fallen from 98.2 last month to 97.1 in July. THe expectations rose from 86.3 to 86.4.…
Closed at $73.80 last week The price of crude oil has settled the day at $71.01. That is up $0.68 on the day or +0.97% The high reached $71.66. The low reached $69.84
Fed’s Kaplan highlights Fed’s Kaplan headline from interview: ForexLive
Breaking news from the US President, he has instructed Treasury to consider an additional USD 100bn in tariffs on China trade Post on the breaking news from a while ago is here:
How to use Japanese candlesticks Japanese candlesticks represent the best type of a chart. It surpasses the line chart significantly and is just more visually pleasurable than the bar chart. Knowing that technical indicators have plenty of drawbacks (they lag, they redraw, they are too ambiguous) understanding price action itself is a must. Japanese candlesticks…
Results of the US 30-year bond sale This is a tad soft compared to the 2.953% they were trading at in the market. ForexLive
US auction coming up The Treasury is selling 30-year bonds at the top of the hour in a reopening. These are the on-the-run 30s and are trading at 2.953% at the moment.
Trump tweets letter — Donald J. Trump (@realDonaldTrump) A very nice note from Chairman Kim of North Korea. Great progress being made! July 12, 2018