Equity markets fell ... dari FatGor

09 Jun 2020, 18:37 · Views 1,279

Equity markets fell under pressure in early trading on Tuesday, leading to a bounce in the dollar and a further decline in EUR/USD which peaked ahead of the 1.1400 price point on Friday. Support for the pair is seen at 1.1232, and considering the recent upward momentum, buyers are likely to defend the level. In the event the pair breaks below it, the next level of downside interest falls at 1.1176.

Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.

Balasan 0

Tinggalkan pesan Anda sekarang

Terkait

FatGor

0 Posted · 151 Followers

EUR/USD, USD/JPY -- follow me to earn profit

Artikel Lainnya

Keep in mind that the Euro has a lot to deal with, not the least of which will be the Brexit but there has been a lot of positive build the due to idea of Germany backing all of the bonds in the EU. If that is going to be the case, that it becomes more “federalized”, that takes quite a few the concerns about the Euro off the table. This should in theory at least be good for the Euro, but the US dollar being the safety currency will continue to get a bit of a bit, and at the very least we are overstretched.

FatGor

USD/JPY still in lockdown as Japan trade numbers hit record lows The USD/JPY was unchanged after disappointing export and import data from Japan. The data showed that exports and imports declined by 28.3% and 26.2% respectively. These numbers came a day after the BOJ delivered its interest rate decision. The pair is trading at 107.25, down from this month’s high of 109.82.

FatGor

USD/JPY has been quite a mover since the start of the week, with the dollar broadly weakening amid the risk rally and also the yen benefiting from the renewed track lower in Treasury yields after an attempted breakout last week following the blowout US jobs report.

FatGor

ECB announced €600 billion worth of bond buybacks, and the Euro tried to break out during the trading session on Thursday. While normally bad for a currency, the initial reaction was very bullish. Since then, the markets have calmed down a bit and it looks as if the 1.1250 level is going to continue to offer a bit of a barrier. With that in mind, I do think that if we break down below the lows of the Thursday session, we can begin the correction that is so desperately needed in this market. At this point, only fools are buying after a move like this. Yes, it can extend it but that only adds more fuel to the fire when we pullback. If you wanted to get long of this market, you need to do it after a significant pullback so that we can gain the necessary momentum to do that.

FatGor

06/12 EUR/USD

FatGor