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Please share your personal opinions in the comments. Don’t forget to like and subscribe.
Key Points
- U.S. President Trump stated via Truth Social that China had completely violated the agreement with the U.S. Some media outlets reported that additional sanctions targeting China were being prepared. However, concerns over the U.S.-China trade conflict were eased after Trump said, “I am confident that I will speak with President Xi Jinping of China, and I hope we can resolve this issue.”
- President Trump announced an increase in tariffs on steel and aluminum from 25% to 50%, effective June 4. The EU immediately expressed strong regret over this decision.
- The U.S. Core PCE Price Index for April rose 2.5% YoY, and the headline PCE rose 2.1% YoY, both coming in below market expectations, thereby easing inflation concerns.
Key Economic Events This Week
+ June 2: Fed Chair Jerome Powell's speech
+ June 3: Eurozone May Consumer Price Index (CPI)
+ June 4: Bank of Canada interest rate decision
+ June 5: ECB interest rate decision
+ June 6: U.S. May Nonfarm Payrolls & Unemployment Rate
EURUSD Chart Analysis
Although it was expected to break through the resistance line smoothly, the pair encountered resistance around the 1.14000 level and pulled back to the central trendline. Since then, it has shown a renewed upward trend, supported by the trendline. If it successfully breaks through the 1.14000 level, a rise toward 1.16000 can be anticipated. However, if it fails to break the resistance, there is a possibility of a downward shift below the central trendline. In that case, a new strategy will be formulated.
Please share your personal opinions in the comments. Don’t forget to like and subscribe.
Key Points
- U.S. President Trump stated via Truth Social that China had completely violated the agreement with the U.S. Some media outlets reported that additional sanctions targeting China were being prepared. However, concerns over the U.S.-China trade conflict were eased after Trump said, “I am confident that I will speak with President Xi Jinping of China, and I hope we can resolve this issue.”
- President Trump announced an increase in tariffs on steel and aluminum from 25% to 50%, effective June 4. The EU immediately expressed strong regret over this decision.
- The U.S. Core PCE Price Index for April rose 2.5% YoY, and the headline PCE rose 2.1% YoY, both coming in below market expectations, thereby easing inflation concerns.
Key Economic Events This Week
+ June 2: Fed Chair Jerome Powell's speech
+ June 3: Eurozone May Consumer Price Index (CPI)
+ June 4: Bank of Canada interest rate decision
+ June 5: ECB interest rate decision
+ June 6: U.S. May Nonfarm Payrolls & Unemployment Rate
EURUSD Chart Analysis
Although it was expected to break through the resistance line smoothly, the pair encountered resistance around the 1.14000 level and pulled back to the central trendline. Since then, it has shown a renewed upward trend, supported by the trendline. If it successfully breaks through the 1.14000 level, a rise toward 1.16000 can be anticipated. However, if it fails to break the resistance, there is a possibility of a downward shift below the central trendline. In that case, a new strategy will be formulated.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.