A reasonable week turned this week. A return of 3% overall with the automatic trading reaching 6% and the manual trades -3%.
This week was a strange week in which the ECB, the BOE and more central banks raised interest rates to ensure that consumers borrow and spend less so that the economy can cool down. On the other side of the big puddle, the FED did a pass on the spot, sending a double signal. Interest rates do not have to go up now, but it will happen again in the coming months. This created indecision on the financial markets. The FED's interest rate pause was immediately overtaken on Friday by disappointing PMI figures. These figures also indicated that the economy is already cooling.
In the coming week it will all be a bit quieter in terms of news:
Tue Jun 27
14:30 CAD CPI m/m
CAD Median CPI y/y
CAD Trimmed CPI y/y
16:00 USD CB Consumer Confidence
Wed Jun 28
3:30 AUD CPI y/y
15:30 GBP BOE Gov Bailey Speaks
JPY BOJ Gov Ueda Speaks
USD Fed Chair Powell Speaks
Thu Jun 29
All Day EUR German Prelim CPI m/m
14:30 USD Final GDP q/q
USD Unemployment Claims
Fri Jun 30
14:30 CAD GDP m/m
USD Core PCE Price Index m/m
When we look at the charts of the different pairs, we see that the EURUSD has lost its chance of a new trend upwards. The rest of the Euro pairs are still in the race for the way up. We all have to watch out for the CAD. The USDJPY seems to have found its way up. The Assie no longer has a trend. It is back in the channel between 0.66 and 0.67. Despite the hopeful rise of the CADJPY, it seems to us to be too high. On a weekly basis, Gold is in a down trend but we put in a Buy last Friday because the economic data turned out in favor of Gold.
This week was a strange week in which the ECB, the BOE and more central banks raised interest rates to ensure that consumers borrow and spend less so that the economy can cool down. On the other side of the big puddle, the FED did a pass on the spot, sending a double signal. Interest rates do not have to go up now, but it will happen again in the coming months. This created indecision on the financial markets. The FED's interest rate pause was immediately overtaken on Friday by disappointing PMI figures. These figures also indicated that the economy is already cooling.
In the coming week it will all be a bit quieter in terms of news:
Tue Jun 27
14:30 CAD CPI m/m
CAD Median CPI y/y
CAD Trimmed CPI y/y
16:00 USD CB Consumer Confidence
Wed Jun 28
3:30 AUD CPI y/y
15:30 GBP BOE Gov Bailey Speaks
JPY BOJ Gov Ueda Speaks
USD Fed Chair Powell Speaks
Thu Jun 29
All Day EUR German Prelim CPI m/m
14:30 USD Final GDP q/q
USD Unemployment Claims
Fri Jun 30
14:30 CAD GDP m/m
USD Core PCE Price Index m/m
When we look at the charts of the different pairs, we see that the EURUSD has lost its chance of a new trend upwards. The rest of the Euro pairs are still in the race for the way up. We all have to watch out for the CAD. The USDJPY seems to have found its way up. The Assie no longer has a trend. It is back in the channel between 0.66 and 0.67. Despite the hopeful rise of the CADJPY, it seems to us to be too high. On a weekly basis, Gold is in a down trend but we put in a Buy last Friday because the economic data turned out in favor of Gold.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.