Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
Daily Market Analysis from Hotforex Broker
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="HFM, post: 182418, member: 32345"] [B]Date : 19th June 2020. FX Update – June 19 – Mixed Markets.[/B] [IMG alt="[IMG]"]https://analysis.hotforex.com/wp-content/uploads/2018/12/eu_update_1200x628-e1567669197104-696x339.png[/IMG] Trading Leveraged Products is risky Narrow ranges have been prevailing among Dollar pairings and cross rates against a backdrop of uncertainty in global markets. Most stock markets have lifted out of lows over the last day, though many indices still remain below highs seen earlier in the week. China’s CSI managed to edge out a three-and-a-half-month high, but Japan’s Nikkei and South Korea’s KOSPI, while posting moderate gains, remained below highs from earlier in the week. S&P 500 futures gained 0.5%, but remained off yesterday’s highs. [IMG alt="[IMG]"]https://analysis.hotforex.com/wp-content/uploads/2020/06/2020-06-19_11-58-36-300x127.png[/IMG] In Forex markets, EURUSD has settled to a consolidation of recent losses, holding a narrow range in the lower 1.1200s, above the 16-day low seen yesterday at 1.1185. USDJPY has been plying a narrow range in the upper 106.00s, holding above yesterday’s one-week low at 106.67. Cable, amid its second week of declines, has steadied in the mid 1.2400s, above yesterday’s 18-day low at 1.2401. EURGBP concurrently settled off its three-week high, seen Thursday, at 0.9044. Both AUDUSD and AUDJPY have been posting narrow ranges well within the confines of their respective Thursday highs and lows. The Canadian Dollar posted modest gains, although USDCAD remained within its previous-day range. [IMG alt="[IMG]"]https://analysis.hotforex.com/wp-content/uploads/2020/06/2020-06-19_11-59-49-300x237.png[/IMG] USOil prices printed a nine-day peak at $39.69, buoyed by news that the OPEC+ group agreed to meet their supply cut quotas, along with major oil traders saying that demand is recovering, although both these items should already have been largely factored in. USOil has failed to close over $40.00 since the early days of March. Gold continues to hold over the key $1725.00 zone, and test the $1730 area, in early European trades. European stock markets are modestly higher in early trades too, with the GER30 up 0.5%, the UK100 0.3%. US futures are now posting gains of 0.4-0.6% and the 10-year Treasury yield is up from overnight lows at 0.71% – up 0.5 bp on the day. Taking a step back, global market sentiment is grappling with glass-half-empty and glass-half-full arguments. There are signs of new waves of coronavirus infections as economies reopen, which has already seen social restrictions being introduced in some places (such as in Beijing and California). Geopolitical issues remain wildcards. President Trump, for instance, said yesterday that the US could complete a “decoupling” from China. On the “half full” side, there is the expectation that the massive stimulus by global central banks is primed to give risk assets a major boost. [B]Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report.[/B] Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. [B]Stuart Cowell Head Market Analyst HotForex Disclaimer:[/B] This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…