08:45am Trade (1 HR) EURUSD:Buy 1.05193 tp 1.05318Sell 1.05088 tp 1.04963 GBPUSD:Buy 1.21494 tp 1.21627Sell 1.21392 tp 1.21266 USDJPY:Buy 149.260 tp 149.422Sell 149.137 tp 148.967 USDCAD:Buy 1.34999 tp 1.35087Sell 1.34919
Market RecapWall Street saw further de-risking overnight (DJIA -1.14%; S&P 500 -1.47%; Nasdaq -1.57%) amid the absence of bullish catalysts, while elevated Treasury yields, higher oil prices and a gridlock
08:55am Trade (1 HR) EURUSD:Buy 1.05732 tp 1.05848Sell 1.05610 tp 1.05490 GBPUSD:Buy 1.21542 tp 1.21692Sell 1.21424 tp 1.21270 USDJPY:Buy 149.037 tp 149.167Sell 148.940 tp 148.809 USDCAD:Buy 1.35264 tp 1.35380Sell 1.35148
Overview: in the previous update I published on June 19th I had SPX in wave c of (III) of a of 3 of (C), expecting a move up to 4540,
USD/CAD AnalysisSlowing Economy Weighs on Future Monetary Policy GuidanceThe surprise economic contraction experienced in Q2 reflects the tightening of financial conditions in Canada as a result of historically fast acceleration
08:55am Trade (1 HR) EURUSD:Buy 1.05842 tp 1.05944Sell 1.05770 tp 1.05685 GBPUSD:Buy 1.21801 tp 1.21954Sell 1.21640 tp 1.21487 USDJPY:Buy 149.074 tp 149.225Sell 148.961 tp 148.791 USDCAD:Buy 1.35014 tp 1.35108Sell 1.34944
RAND TALKING POINTS & ANALYSIS• Hawkish US data has overshadowed optimistic SA releases.• Fed officials under the spotlight today.• Trendline support in question as trade week draws to a close.
Usd broke up higher into the green zone as shown on chart. Could face some strong R here. Just watch and act accordingly. Cheers! **Find out more from my Tradingview
Last week it failed to break up, therefore resuming its down move. On lower timeframe, pullback up already in progress as we approached the key area of 1.65. Overall bias
Major US indices attempted to bounce off their respective near-term support last Friday, but gains failed to sustain into the latter half of the session as selling pressures dominate. This