Hi, I’m Forex Trader Andrea Russo and today we’re going to take a look at this week’s news. Thank you all for the great number of readers I’m receiving these days.
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🔶 Key Highlights of the Week
ECB’s Villeroy Confirms Rate-Cut Bias Amid Energy Volatility
Governor François Villeroy de Galhau signaled that the European Central Bank remains open to further rate cuts—even with recent oil-price volatility—due to a strong euro and controlled inflation
Oil Prices Surge—and Recede—on Iran Tensions and Ceasefire News
U.S. strikes on Iran triggered at 5–7% spike in crude, pushing Brent above $77/barrel, before plummeting as ceasefire sentiment returned
Dovish Shift at the Fed
Multiple Fed officials (Bowman, Waller, Goolsbee) openly support a July rate cut, shifting dollar sentiment
Emerging-Market Pressure: Indian Rupee in Focus
Rising oil costs and geopolitical instability weigh on the INR, prompting potential RBI intervention
Geopolitical De-escalation Eases Market Risk
A U.S.-Iran ceasefire triggered a sharp retreat in oil, boosted equities globally, and weakened safe-haven USD and gold
-Forex Market Reactions: What Traders Need to Know
EUR/USD:
Rate-cut window in Europe: The ECB's dovish tone softens EUR's upside, while oil volatility now has less impact.
USD weakness: Dovish Fed commentary has dented dollar strength
Key chart signals: A sustained break below 1.0670 could open further downside toward 1.0600–1.0535.
USD/JPY:
Choppy action off failed breakouts near 148.00—watch for JPY resilience risk amid risk-off repricing
AUD/USD & Other Emerging Currencies:
Oil-driven FX pressure affecting the AUD—tracked via crude sensitivity.
The Indian rupee weakness hints at broader emerging-market stress in risk-sensitive currencies
🛠️ Strategy & Outlook for Traders
Theme Implication for FX
Fed dovishness Dollar softness → supports EUR, JPY, EM currencies
ECB policy flexibility Cap on EUR gains → neutral bias until data confirms
Oil volatility Medium-term risk for AUD, CAD, NOK, RUB
Geopolitical calm Risk-on sentiment → pressure on safe-haven USD & JPY
🎯 Trade Setups:
EUR/USD: Short on fall below 1.0670—target 1.0600–1.0535; stop above 1.0760.
AUD/USD: Short biased if oil sustains above $75; aligned with broader commodity-driven themes.
USD/JPY: Watch for continuation short if risk appetite returns; else, trade reversals at 148.00 key.
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🔵 Official Partner of PEPPERSTONE
Full Broker benefits & Socials
👉 andrearussoforextrader.com
If you want to receive:
✅ precise TAKE PROFIT
✅ precise STOP LOSS
✅ updates on My Trades
👉 Telegram Channel: t.me/swipeuptrading
Full Broker benefits & Socials
👉 andrearussoforextrader.com
If you want to receive:
✅ precise TAKE PROFIT
✅ precise STOP LOSS
✅ updates on My Trades
👉 Telegram Channel: t.me/swipeuptrading
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.