Watching the 1.1564 level for support buyers lean. The EURUSD has moved back below the 100 hour MA at 1.1585 level. Recall, yesterday the price stalled near that level . Today the price moved above on the back of weaker Philly Business index.
Speaking in Minneapolis
April showed a 0.4% gain The May US leading index came in at +0.2% versus 0.4% expected. The prior month showed a 0.4% gain.
Prior month was positive at 0.2. The Eurozone consumer confidence unexpectedly fell in June. The expectations were for a 0.0 reading. It came in at -0.5.
MInor releases We will get an unusual EU indicator released at the top of the hour. The consumer confidence for June will be released with expectation of 0.0 vs 0.2 last month. Above 0 indicates optimism, below indicates pessimism.
Lower channel trend line breached but no run. Lower topside trend line stalls. Looking at the hourly chart of the USDCAD, the pair is showing some signs of a potential slowing of the trend move higher.
Comments by Oman’s oil minister, Mohammed Al Rumhy, in Vienna Looks like we know which side of the table Oman will be sitting tomorrow, that is if Iran even shows up for the meeting. But yeah, it looks more and more likely that there will be no consensus from the OPEC meeting this week.
Comments by Saudi Arabia’s crown prince, Saud bin Abdulaziz Do keep in mind that the crown prince also met up with Russian president Putin last week ahead of the World Cup match between Saudi Arabia and Russia on 14 June. They are said to have discussed oil matters as well, so it’s very much looking…
Operation ‘Save Germany’ is scheduled for 24 June It’ll involve representatives from France, Germany, Italy, Austria, and others as they are to which has been the bane for German chancellor Angela Merkel’s party over the last few weeks.
Latest data released by the Confederation of British Industry – 20 June 2018 Readings above 0 indicates optimism while below indicates pessimism. The headline is a survey on manufacturers to rate the level of volume for orders expected during the next 3 months.