GBPJPY: ⬆️ Buy – GBPJPY reversed from support area – Likely to rise to resistance level 215.40 GBPJPY currency pair earlier reversed from the support area between the support level 213.00 (which has been reversing the price from the middle.
Natural Gas: ⬇️ Sell – Natural Gas reversed from resistance zone – Likely to fall to support level 3.055 Natural Gas recently reversed from the resistance zone between the pivotal resistance level 3.34 (which has been reversing the price from.
Trump Coin: ⬆️ Buy – Trump Coin reversed from support zone – Likely to rise to resistance level 2.0000 Trump Coin cryptocurrency recently reversed from the support zone between the pivotal support level 1.5965 (which stopped previous impulse wave 1.
MGM Resorts: ⬆️ Buy – MGM Resorts reversed from support zone – Likely to rise to resistance level 50.00 MGM Resorts recently reversed from the support zone between the support level 46.00 (low of the previous wave A), lower daily.
Today is Monday, the 29th of June.
Let's talk about the US dollar index, the outlook for the US dollar this summer.
What we can expect, and most importantly, trading strategies for the major dollar denominated currency pairs.
The S&P 500 has come under pressure as investors weigh AI bubble concerns, higher-for-longer Fed interest rates and rising geopolitical risks. While a deeper correction remains possible in the short term, expectations of strong corporate earnings continue to support the longer-term outlook.
The US dollar has regained momentum as escalating tensions in the Middle East revive demand for safe-haven assets. Meanwhile, diverging monetary policy expectations and upcoming eurozone inflation and US labour market data will be key drivers for EURUSD.
Stay informed with FxPro’s weekly update and stay ahead of what’s shaping the markets.
Markets are heading into another important week of economic data, with inflation, manufacturing activity and the US labour market all set to shape expectations for interest rates and global growth.
JPMorgan Chase: ⬇️ Sell – JPMorgan Chase reversed from key resistance level 336.86 – Likely to fall to resistance level 320.00 JPMorgan Chase recently reversed down from the key resistance level 336.86 (which stopped the extended daily uptrend in January).
Johnson & Johnson: ⬆️ Buy – Johnson & Johnson broke resistance level 250.00 – Likely to rise to resistance level 260.00 Johnson & Johnson recently broke the resistance level 250.00 (which stopped the previous impulse waves (5) and (B)). The.
CHFJPY: ⬆️ Buy – CHFJPY reversed from support zone – Likely to rise to resistance level 202.30 CHFJPY currency pair recently reversed up from the support zone between the support level 198.80 (which stopped earlier waves 4,(4), 2) and the.
Merck: ⬆️ Buy – Merck broke pivotal resistance level 124.75 – Likely to rise to resistance level 130.00 Merck recently broke above the pivotal resistance level 124.75 (which is the upper border of the sideways price range inside which the.