Blogs

<p>On Tuesday, the dollar strengthened, taking into account warnings from Powell. The DXY , starting last trading day with a gap down, increased by 45 points, and on Wednesday the dollar continues to strengthen. At the time of publication of this article, DXY futures are traded near 97.20, 27 pips above the closing price last […]

<p>The EURUSD consolidates below the 1.13 mark on stronger US dollar, as well. The pair’s short-term direction will likely depend on the US dollar appetite. Meanwhile, the final data should confirm a flattening inflation in European consumer prices. The headline CPI is seen at 0.1% y-o-y inflation in May, and the core inflation at 0.8%. [&hel

<p>On Tuesday, worries of a second-wave contamination were put aside with the help of the Federal Reserve’s (Fed) announcement of corporate bond relief and solid rebound in US retail sales in May. The latest data showed that the American consumers rose spending by a record 17.7% last month, versus +7% expected by analysts and -14.7% […

<p>Pivot</p> <p>&nbsp;(invalidation): 37.05 Our preference</p> <p>Long positions above 37.05 with targets at 38.45 &amp; 39.05 in extension.</p> <p>Alternative scenario</p> <p>Below 37.05 look for further downside with 36.40 &amp; 35.85 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 17.5600 Our preference</p> <p>Short positions below 17.5600 with targets at 17.2600 &amp; 17.0700 in extension.</p> <p>Alternative scenario</p> <p>Above 17.5600 look for further upside with 17.7500 &amp; 17.9300 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1733.00 Our preference</p> <p>Short positions below 1733.00 with targets at 1716.50 &amp; 1711.00 in extension.</p> <p>Alternative scenario</p> <p>Above 1733.00 look for further upside with 1740.00 &amp; 1745.00 as targets.</p>