Market news:
The number of initial jobless claims in the United States for the week ending June 7 was 248,000, higher than the expected 240,000, the highest since the week of October 5, 2024. The monthly rate of the core PPI in the United States in May was 0.1%, lower than the expected 0.30%. Traders once again fully priced in the Fed's two interest rate cuts this year.
Technical analysis:
Today's buying and selling boundaries:
1.3585
Support and resistance levels
1.3685
1.3648
1.3624
1.3547
1.3522
1.3485
Trading strategy:
If the price breaks through 1.3624, consider buying in, the first target price is 1.3648
If the price breaks through 1.3585, consider selling in, the first target price is 1.3547
The number of initial jobless claims in the United States for the week ending June 7 was 248,000, higher than the expected 240,000, the highest since the week of October 5, 2024. The monthly rate of the core PPI in the United States in May was 0.1%, lower than the expected 0.30%. Traders once again fully priced in the Fed's two interest rate cuts this year.
Technical analysis:
Today's buying and selling boundaries:
1.3585
Support and resistance levels
1.3685
1.3648
1.3624
1.3547
1.3522
1.3485
Trading strategy:
If the price breaks through 1.3624, consider buying in, the first target price is 1.3648
If the price breaks through 1.3585, consider selling in, the first target price is 1.3547
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.
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.