ADAUSD
Fighting the good fight with
BTC.D
Let's face it, it's MAXI SEASON and as if the headwinds of the macro backdrop wasn't enough, BTC.D continues to gain precious real estate.
DXY
continues strengthening Adjusted wave 2 accordingly with the most recent dead cat bounce.
Pay close attention to these events this week as they have a significant impact:
June 6th: Bank Holiday in some parts of Europe, such as Switzerland, Germany, and France
June 6th: USA Trade Balance (Difference in value between imported and exported goods and services during the reported month, a positive number indicates that more goods and services were exported than imported, the forecast is negative -$89.3B)
June 9th: Europe Main Refinancing Rate decision, monetary policy statement and European Central Bank Press Conference
June 9th: USA Unemployment Claims, which is the earliest economic data that is released in the US in a month
June 10th: USA CPI Data, which is the change in the price of goods and services purchased by consumers, the Consumer Price Index.
June 10th: Russia Rate Decision. Currently 11%
The start of the week seems quiet but the 9th and 10th could be characterized by some volatility due to the ECB rate decision, unemployment claims, and the CPI Data.
