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Forex market reviews

29 June 2018

Market sessions

Tomasz Wisniewski

Daily analytical report (29/06/18)

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The EURUSD pair spiked after EU member states reached an agreement on migration, there's a mid-term selling opportunity on the USDCAD pair, and GBPAUD has a very nice bearish setup.
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Market sessions

Gabriel Ojimadu

EURUSD: euro strengthens on Tusk’s comments

On Thursday the 28th of June, trading on the euro closed slightly up. A technical correction along with the general weakening of the dollar pushed the euro up. Softer rhetoric from the Trump administration towards China led to increased demand for risky assets. The euro later recovered from 1.1527 to 1.1600. The daily candlestick closed at 1.1568.
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28 June 2018

Media reviews

Tina Pham

U.S. First Quarter GDP Growth Slows to 2.0% (news: 28/06/18)

The U.S. economy grew at a slower rate than initially reported in the first quarter, according to data released Thursday.
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Market sessions

Tomasz Wisniewski

Daily analytical report (28/06/18)

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There's a head and shoulders model on the EURUSD pair, the sell signal is on for silver, and we could get a double top on the USDCAD pair.
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Market sessions

Gabriel Ojimadu

EURUSD: a rebound from the lower border of the MA channel is possible

On Wednesday the 27th of June, the euro fell by 93 pips against the dollar to 1.1553. The fall of the euro/dollar pair was due to the overall strengthening of the US currency, despite the decline in 10-year US Treasury bond yields and weak statistics. The dollar was supported by reports that the White House could soften its stance regarding the limit on Chinese investments in the US. It didn't occur to me that the euro would drop below 1.16, so I was not prepared at all, as I thought that it would last for several days.
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