Watch out for the US retail sales todayThe US retail sales are coming out today, so be careful with the US instruments.
EASYMARKETS:SPIUSD SP:SPX
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Technical-analysis
Cryptos fall Cryptos take a nosedive after the report that Mt. Gox moved 47228 BTC from cold storage to anew address.
EASYMARKETS:ETHUSD CRYPTO:ETHUSD
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Germany's DAX Threatening Big Break Below Trend SupportGermany's DAX index has had a solid 2024 so far, but the shine may be coming off the bullish technicals as we head into the second half of the year.
After hitting a record high near 19K in May, the index has seen its gains stall out. Prices retreated to bullish trend line support in mid-June, and with bulls failing to drive a convincing bounce off that level, the DAX is now at risk of a bearish breakdown below that level of dynamic support. A breakdown could target the March/April closing lows in the 17.7K zone next.
JPY remains under selling pressureThe Japanese government is currently enjoying the weaker yen, as it helps boost the economy. However, this is only a short-term solution, as eventually, people's anger about rapidly rising prices might overshadow that government's positivity.
#audjpy EASYMARKETS:AUDJPY FX_IDC:AUDJPY
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How much more will the yen continue its devaluation?Still no support from the BoJ to stabilize their Japanese yen. But there is a reason for that...
#USDJPY EASYMARKETS:USDJPY FX_IDC:USDJPY
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All eyes on the PCE todayWe are waiting to see what's going to happen after the release of the Fed's preferred inflation metric, the PCE.
EASYMARKETS:EURUSD could one of those exciting pairs to watch today, but wait for the number to come out first.
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Will gold go for a bit of a larger correction?Looking at the technical picture of EASYMARKETS:XAUUSD , it seems that we might see some action to the downside. That said, before getting comfortable with that idea, some breakouts are still needed. For now we wait for the TVC:DXY reaction from the US GDP and PCE today and tomorrow respectively.
#gold TVC:GOLD
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If not GDP, then maybe the PCE will force it out of the squeezeWe are currently seeing EASYMARKETS:AUDUSD struggling to find a clear direction, as it continues to sit between two tentative short-term trendlines.
Waiting for the US GDP and PCE figures to do something.
#audusd
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SNB cuts again, CHF weakensThe Swiss National Bank came out again with another cut. This move weakened the CHF against its major counterparts.
#usdchf FX_IDC:USDCHF EASYMARKETS:USDCHF
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Silver climbs back above the 30-dollar markLet's see if EASYMARKETS:XAGUSD can break the downside line and go further north. The first part of moving back above the 30-dollar mark is done, now we just have to overcome the downside line.
#silver TVC:SILVER
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Will Ethereum continue its correction lower?Currently, we are seeing some outflows of funds from the major crypto funds. Let's see if the slide continues.
#ethereum #ethusd CRYPTO:ETHUSD EASYMARKETS:ETHUSD
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Looking forward to the RBA decision on TuesdayWatch out for the RBA interest rate decision, which is coming out on Tuesday. Strong moves in AUD are possible.
#AUDUSD EASYMARKETS:AUDUSD
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The yen continues to weaken as BoJ keeps rates unchangedThe BoJ came out this morning saying they will keep the rates unchanged. The market took that as a negative and we are seeing weakness in the yen across the board against all its major counterparts. Also, the weakness of the Japanese currency might continue, as long as indices are rising.
#usdjpy EASYMARKETS:USDJPY
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Is DAX showing something interesting for the bulls?#DAX EASYMARKETS:DAXEUR
DAX seems to be showing some positive signs for the bulls, however, we cannot get comfortable with that idea yet until we see a clear breakout.
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European instability causing weakness in the euroAfter the EU Parliamentary elections, there is a rise of nationalism and protectionism among some individual EU states. The euro is feeling the heat, as EU stability is under threat.
EASYMARKETS:EURGBP #EURGBP
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An increased inflow of funds into Bitcoin ETFBitcoin moved higher lately, breaking some key resistance barriers. This might have been initiated by the inflow of new funds into the Bitcoin ETF.
#BTCUSD EASYMARKETS:BTCUSD
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Is Litecoin showing signs of weakness? #LTCUSD EASYMARKETS:LTCUSD
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Is GOLD ready to slip lower?#Gold #XAUUSD EASYMARKETS:XAUUSD TVC:GOLD
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Soybeans with an attractive technical set-up#Soybeans EASYMARKETS:SOYUSD
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GBPJPY near the current highest point of this year#GBPJPY EASYMARKETS:GBPJPY
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Let's see if it can climb back above the 78-dollar markEASYMARKETS:OILUSD
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Market Gets Spooked, FOMC and INterest RatesEASYMARKETS:NDQUSD
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Dogecoin still looks positiveEASYMARKETS:DOGUSD
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