*Croatia To Finance Shorter Working Week For Covid19-hit Companies: Reuters

Trading 29 juin 2020 Commentaire »

Croatia To Finance Shorter Working Week For Covid19-hit Companies: Reuters


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Short-term technical analysis of EURUSD for June 29, 2020.

Trading 29 juin 2020 Commentaire »

EURUSD started trading this new week where it left us on Friday. No real direction today as price makes no progress. Short-term trend remains unclear as long as price is trading above 1.12 and below 1.13.

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Red line - resistance

Green line - support

EURUSD remains stable on Monday with volatility at its lowest. Price is trapped between 1.12 and 1.13 with no clear direction. If support at 1.12 fails to hold we expect price to move towards 1.1080-1.11 support area. If resistance at 1.13 breaks, then we should expect bulls to push price towards 1.14 to test the recent highs. My most probable scenario is to see EURUSD break below 1.12 towards 1.11.

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Short-term technical analysis of Gold for June 29, 2020.

Trading 29 juin 2020 Commentaire »

Gold price has a slow start for the week with low volatility and no clear direction. Trend remains bullish as price is still inside the short-term upward sloping channel created at the beginning of June. Since then price continues to make higher highs and higher lows while breaking out and above the two month consolidation.

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Red lines -bullish channel

Gold price is near its 2020 highs. Price remains in bullish trend as long as we trade above $1,750. We should not forget that price is now trading above the two month consolidation range and has already broken an inverted head and shoulders pattern. Both break outs had $1,780 as first target and $1,825 as second target. As long as price remains supported we continue to expect price to reach the second target area.

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Dollar Little Changed Following U.S. Pending Home Sales Data

Trading 29 juin 2020 Commentaire »

The National Association of Realtors' pending home sales data for May has been released at 10:00 am ET Monday.

After the data, the greenback changed little against its major rivals.

The greenback was trading at 107.59 against the yen, 0.9482 against the franc, 1.2301 against the pound and 1.1257 against the euro around 10:04 am ET.


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Dollar Rises Ahead Of U.S. Pending Home Sales Data

Trading 29 juin 2020 Commentaire »

The National Association of Realtors' pending home sales data for May is due at 10:00 am ET Monday.

Ahead of the data, the greenback advanced against its major rivals.

The greenback was worth 107.55 against the yen, 0.9476 against the franc, 1.2304 against the pound and 1.1261 against the euro at 9:55 am ET.


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Germany's Inflation Rises Unexpectedly In June

Trading 29 juin 2020 Commentaire »

German inflation rose unexpectedly in June from a 45-month low, preliminary data from Destatis revealed Monday.

Consumer price inflation climbed to 0.9 percent in June from 0.6 percent in May. The rate was expected to remain unchanged at 0.6 percent, which was the lowest since September 2016.

On a monthly basis, consumer prices gained 0.6 percent in June, faster than the expected increase of 0.3 percent and in contrast to May's 0.1 percent fall.

Inflation, based on the harmonized index of consumer prices, advanced to 0.8 percent from 0.5 percent in May. This was slightly faster than the expected rate of 0.6 percent.

Month-on-month, the HICP gained 0.7 percent after remaining unchanged in May. Prices were expected to gain 0.4 percent. Final data is due on July 14.


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*Lebanon's Top Negotiator With IMF Quits Amid Financial Crisis; Currency Free-fall Continues

Trading 29 juin 2020 Commentaire »

Lebanon's Top Negotiator With IMF Quits Amid Financial Crisis; Currency Free-fall Continues


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*French President Macron Promises EUR 15 Bln For Greener Economy

Trading 29 juin 2020 Commentaire »

French President Macron Promises EUR 15 Bln For Greener Economy


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*French President Macron Promises EUR 15 Bln For Greener Economy

Trading 29 juin 2020 Commentaire »

French President Macron Promises EUR 15 Bln For Greener Economy


The material has been provided by InstaForex Company - www.instaforex.com

Loonie Little Changed After Canada Building Permits

Trading 29 juin 2020 Commentaire »

Canada building permits have been released at 8.30 am ET Monday. The loonie changed little against its major counterparts after the data.

The loonie was trading at 78.55 against the yen, 0.9388 against the aussie, 1.3667 against the greenback and 1.5418 against the euro around 8:35 am ET.


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