Off to a bad start for the week The major European stocks are starting the week with declines: In the 10 year debt sector in the EU were mostly lower: As London traders look to exit, the JPY and the USD remain near the top as investors are concerned about global trade. The AUD and…
Forex news from the European trading session – 2 July 2018 Headlines: Markets: – JPY leads on the day, AUD lags behind – European equities lower, but off the lows
Moves below swing area Earlier I warned about a break of the 100 and 200 hour MAs. Those MAs were cracked. The price traded down to a swing area at 1.1594-99 and has waffled between the MAs above and the swing area below.
Production reaches 31.83M B/D. Saudi surge in total output barely moves the monthly numbers The OPEC total production in June rose by 30K barrels per day to 31.83M B/D.
Nasdaq looking toward unchanged. S&P chips away some of the losses The US stocks are rebounding after a shaky start on trade concerns. The US construction spending was not as good as expected and the April data was revised sharply lower to 0.9% from 1.8%. However, the ISM manufacturing data beat, rising to 60.2 from…
Trades at the lowest level since May 31, 2016 The NZDUSD has moved below a lower trend line at 0.6717. Last week, that trend line was test twice and found buyers. Today – at yet anther lower level – the price has cracked and shown more momentum. Bears are taking more control. Risk for shorts…
AIG Performance of Manufacturing index for June is barely changed on the month From AIG’s summary of the main points (bolding mine): Six of the seven activity sub-indexes in the Australian PMI indicate expansion in June
The data calendar kicks off in Australia with two PMIs ps Over the weekend we got China PMIs ICYMI: 2230GMT Australia AIG Manufacturing PMI AIG Performance of Manufacturing index for June
Welcome once again to the new week and month everyone! Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
If you need a catch up on weekend oil news and what is driving the price lower Adam posted this over the weekend: — Monday has got off to a big start with German politics driving euro moves, more from trump on trade (and more to come)