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Key Points
- Attacks on Fed Chair Jerome Powell are intensifying, mainly from President Trump and his close aides. Analysts say the tension between the White House and the Federal Reserve has reached a serious level.
- President Trump announced on Truth Social that starting next month, a 30% reciprocal tariff will be imposed on both the EU and Mexico.
- Canada added 83,100 jobs in June compared to the previous month, in line with market expectations. The unemployment rate came in at 6.9%, slightly below the forecast of 6.9%. The strong labor market data likely reduced the chances of a rate cut by the Bank of Canada in July.
This Week’s Key Economic Events
+ July 15: U.S. June Consumer Price Index (CPI)
+ July 16: U.K. June Consumer Price Index, U.S. June Producer Price Index (PPI)
+ July 17: Eurozone June Consumer Price Index
EURUSD Chart Analysis
The price has broken below the trend channel and is now forming under the 1.17000 level. The downside appears more likely than an upward move. The expected support level is around 1.15000. Whether the price bounces from this area or breaks further downward will likely determine the future direction.
Please share your personal thoughts in the comments. Don't forget to like and subscribe!
Key Points
- Attacks on Fed Chair Jerome Powell are intensifying, mainly from President Trump and his close aides. Analysts say the tension between the White House and the Federal Reserve has reached a serious level.
- President Trump announced on Truth Social that starting next month, a 30% reciprocal tariff will be imposed on both the EU and Mexico.
- Canada added 83,100 jobs in June compared to the previous month, in line with market expectations. The unemployment rate came in at 6.9%, slightly below the forecast of 6.9%. The strong labor market data likely reduced the chances of a rate cut by the Bank of Canada in July.
This Week’s Key Economic Events
+ July 15: U.S. June Consumer Price Index (CPI)
+ July 16: U.K. June Consumer Price Index, U.S. June Producer Price Index (PPI)
+ July 17: Eurozone June Consumer Price Index
EURUSD Chart Analysis
The price has broken below the trend channel and is now forming under the 1.17000 level. The downside appears more likely than an upward move. The expected support level is around 1.15000. Whether the price bounces from this area or breaks further downward will likely determine the future direction.
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t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
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.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
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.