-The FOMC interest rate decision is at BST today at 19:00
-Canadian inflation accelerated in May
-Oil stocks are expected to have fallen by 1.1 million barrels
9:30 BST - UK, CPI inflation for May. Tory's race for leadership continues to dominate the UK news and hence the GBP trading. However, merchants can now view the upcoming May CPI data and pay attention...
GBPUSD price is at support zone , i think its a good entry for long position. If the price can't break this support and bounce from here, we can see double bottom on the daily chart . I open long for this pair at current market price, and I set my first take profit to 1.275.
-3% increase in oil after two tankers attacked
-The outlook for further disruptions in the region is increasing
-Potential double bottom is noticeable on oil at 59.50
There has been a sharp rise in oil prices after reporting that two tankers have been attacked in the Gulf of Oman, which may have additional geopolitical consequences.
The price of gold since April 2018 is at its highest level around $ 1355 / ounce, mainly due to tensions in the Middle East, weaker data from China and a stronger dollar. The green bean strengthened the retailer. 13.30 BST before the data is reported. Compared to the April decline, it is expected to improve in May.
-The strong increase in coffee prices is due to the strengthening of BRL and the fear of frost
-The Brazilian hurricane delayed harvest, which could lead to a deterioration in crop quality
-Coffee consumption has risen to historic highs, but it is not yet visible at coffee bars
-Farmers receive only 10% of the final consumer price, so they don't get too much...
Oil prices fell at the end of last week due to the global economic slowdown
The last two consolidation phases resulted in further downturns
However, correction is also possible - at 50% retracement levels
The main support is shown by the 61.8% Fibo retracement last exchange rate drop
Traders are expecting an oil correction, but oil prices continue to fall due to...
A significant rally characterized the gold exchange rate due to the escalation of the commercial war
Investors are interested in reliable instruments after introducing new import duties on Donald Trump Mexico.
Because of the instability caused by the commercial war, it increased demand for the Japanese yen, which is gaining hand in hand with gold.
Wheat prices remain high, despite the supply of relatively good data on the market
High quality spring wheat - higher than winter crop
The quality of spring wheat has been the highest in the United States since 2010, and it may still grow
In some EU countries, rainfall increases the quality of European wheat
Despite the relatively dry weather, the quality of wheat...
USD/TRY formed double top on the daily chart and the price going downward.
The Relative Strength index is on low level, and the price today going little bit upward, so I think its a correction. When the price will going downward again that's a good entry for short position.