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Monday, June 17, 2024

American Market Recap | AUDUSD rebounds and brings the moving average cluster in play in the new trading day

AUDUSD rebounds and brings the moving average cluster in play in the new trading day

The AUDUSD sellers made a play to the get outside of a swing area on the downside at 0.6575. The low price reached 0.6584. that low was also just above the 38.2% retracement of the move up from April... 

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Preview: What to watch for in the May US retail sales report

US retail sales control group This will be an unusual US trading week with a holiday sandwiched in the middle on Wednesday. Before that, we get the data highlight of the week with the May US retail sa... 

WTI crude oil rises back above $80 in a $2 climb

Following an OPEC-inspired dip to start the month, oil has now completely erased the decline and is threatening the May highs. WTI crude oil settled up $1.88 to $80.33 per barrel. That's the highest s... 

USDCHF looks to test key 200 day MA: bullish or bearish bias?

USDCHF moves back down toward the key 200 day MA The USDCHF moved higher into the US session with the 0.89318 as a target followed by the 100 and 200 hour MAs (blue and green lines near 0.8939). The 0... 

US stocks keep climbing higher but J.P. Morgan's Kolanovic is having none of it

J.P Morgan strategist Marko Kolanovic made his name as a market-structure analyst but at some point he parlayed his fame into a job as an equity strategist and it hasn't gone well, considering his bea... 

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FX option expiries for 17 June 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.0670 level. If anything else, that will act as a bit of a defensive layer in limiting downside pr... 

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