Welcome to Pro News Weekly! 💵 The U.S. dollar is surprisingly struggling to gain momentum despite escalating tensions in the Middle East, rising inflation and growing expectations of a Federal Reserve rate hike.

EURUSD awaits the ECB's decision: a rate hike is already priced in, while the pair's direction beyond that depends on updated forecasts and Lagarde's rhetoric.

Today is Thursday, June 11th, and let's talk about the oil market. News events are developing very actively. I'll quickly recap the big picture.

The crypto market has rebounded, but the trend remains weak: BTC is at $63K, demand from large investors is low, and the negative sentiment towards ETH may hint at a reversal.

Coca-Cola: ⬆️ Buy – Coca-Cola broke key resistance level 81.75 – Likely to rise to resistance level 86.00 Coca-Cola recently broke with the upward gap the key resistance level 81.75 (which has been reversing the price from the end of.

Aluminium: ⬇️ Sell – Aluminium reversed from long-term resistance level 3670.00 – Likely to fall to support level 3400.00 Aluminium recently reversed down from the powerful long-term resistance level 3670.00 (which started the sharp weekly downtrend at the start of 2022).

GBPCHF: ⬆️ Buy – GBPCHF broke key resistance level 1.0660 – Likely to rise to resistance level 1.0775 GBPCHF currency pair recently broke above the key resistance level 1.0660 (which stopped the previous impulse wave (1) at the end of April). The.

GBPAUD: ⬆️ Buy – GBPAUD broke the resistance area – Likely to rise to resistance level 1.9200 GBPAUD currency pair recently broke the resistance area between the resistance level 1.8940 (which has been reversing the price from April) and the 50% Fibonacci.

The escalation in the Middle East has not driven oil prices higher, and the dollar has not received any support. The market is responding more to the balance of supply and demand than to geopolitics.

Bitcoin remains under pressure below $61.5K, while the crypto market's weakness and rising BTC inflows to exchanges are reducing the chances of a quick rebound.

Papa John’s: ⬆️ Buy – Papa John’s reversed from support zone – Likely to rise to resistance level 34.00 Papa John’s International earlier reversed up from the support zone between the strong support level 30.60 (which has been reversing the.

Apple: ⬆️ Buy – Apple reversed from support zone – Likely to rise to resistance level 300.00 Apple today reversed up from the support zone between the pivotal support level 288.00 (former multi-month high from the start of December) and the 38.2%.