The USD/BRL remains on the stronger side of its one-month range for the Brazilian Real and traders may be tempted to continue seeking selling positions.
Blogs
GBP/USD Forex Signal: Bulls Hold 1.2624 – 11 June 2020
GBP/USD: British Pound has residual strength despite selloff
USD/CAD: More Room to the Upside Within Bearish Trend – 11 June 2020
Canada reported a surprise 289,600 jobs additions for May, against predictions for 500,000 losses.
USD/INR: Absence of Bullish Pressures to Result in Breakdown – 11 June 2020
While the World Bank predicts a 3.2% GDP contraction for India’s fiscal year ending 2021, Fitch Ratings is looking ahead to a robust 9.5% recovery for 2022.
USD/SGD: Fading Bullish Momentum Hints Sell-Off Resumption – 11 June 2020
Yesterday’s press conference by US Federal Reserve Chairman Powell dented misplaced optimism running rampant across the global financial system.
AUD/JPY: Is the Breakdown Sequence Positioned to Accelerate? – 11 June 2020
A second Covid-19 infection wave will derail the fragile Australian economy, new research by the Organisation for Economic Co-operation and Development (OECD) revealed.
EUR/USD Forex Signal: Bulls Hold 1.1321 – 11 June 2020
EUR/USD: Price likely to rise when risk sentiment recovers
WTI crude oil futures settle at $36.34
Down $-3.26 or -8.23% The price of WTI crude oil futures tumbled lower with concerns about global recovery, and increasingly stubborn high supply. The price of crude oil futures settle at $36.34. That is down $-3.26 were -8.23% on the day.
AUDUSD tests June 3rd low as stocks continue to falter
New lows for S&P index. The S&P index has moved to a new session low at 3029.28. The pair is getting closer to its 200 day moving average around the 3013 level. The prices been above the 200 day moving average since May 27.
EURUSD retests the 100 hour MA
Trend line and swing area in play as downside targets too The EURUSD is back down retesting its 100 hour moving average at 1.13276. The pair is just above that level at 1.1330.