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Be on the alert for a China trade surplus announcement in June Which might prompt some boo hoo tweets from the Us Prez (so much whining!) winning which in turn would weigh on risk currencies
There is not much likely to move the forex in this lot today – maybe the trade data from China It being Friday the thirteenth might put a dampener on some activity here also.
Bank earnings kick off earnings tomorrow morning The US stock are closing with solid gains led by the tech heavy Nasdaq. The Nasdaq closed at a record level and just off the highs.
Forex news for North American trading on July 12, 2018 Markets: – Gold up $5 to $1246 – WTI crude down 20 cents to $70.18 – S&P 500 up 24 points to 2798 The CPI report was the main event of the day and it left the USD bulls a bit disappointed. Unrounded, the numbers…
Corrects higher but rally stalls where it On the downside, the early day fall stalled near swing lows from July 4th and July 5th (see green circles 1, 2 and 3). The price tested the area in the Asian and later in the London session (see green circles 4, 5 and 6).
What’s coming up in the day ahead Friday’s economic calendar is light but steady with the US consumer in focus. Inflation week wraps up with the import price index for June. At some point this will be an important indicator if the trade war picks up but for now it remains relegated to the doldrums.…
Down -0.07% on the day The 100 day MA is down at $66.86. Is the price heading down for a test of that level? If so, look for buyers on the first test.
What moved markets on Thursday The market got back to selling the US dollar on Thursday, with most of the activity coming on the back of the US CPI reading which caught many off guard. The Yen and Swiss Franc were the only currencies that could not outpace the Buck, but the price action made…
Stays above the 200 bar MA on the 4 hour chart You might have to read, a long education post to understand fully, but the USDJPY did hold support on the 5-minute at the 200 bar MA (green line). The 38.2% also held on the dip.