#OPINIONLEADER#
End of week market update:
The Fed Monetary Policy Report offered no movement in the US dollar although it was sold off last night as risk sentiment flipped to risk on with equities rallying after a pull back during Thursday's session. GBPUSD EURUSD & AUDUSD made break outs and the USDCAD sold off with the employment change for June at 230.7k beating the 195k forecast and also significantly then last month which was -68k. This coming Tuesday at 20:30 GMT+8 Core CPI is released expected to be 0.4% for June, look out for a move higher on the USD if there is a beat on this and also with the DXY at a strong support level a bounce is likely.
- 00:11:13
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.