Introduction
Sometimes ignorance is the reason you find things difficult. You would have been an expert trader by now, making millions in the market but you have refused to update your knowledge bank.
Economic Calendar (GMT+1)
Analysis of EURUSD
Fundamental Analysis
The U.S. dollar strengthened against other major currencies in the Asian session on Friday. The U.S. dollar rose to a 3day high of 1.0884 against the euro and a 1-week high of 1.2927 against the pound, from yesterday’s closing quotes of 1.0896 and 1.2941, respectively. Against the yen and the Swiss franc, the greenback advanced to 2-day highs of 157.88 and 0.8897 from Thursday’s closing quotes of 157.37 and 0.8875, respectively.
EURUSD Chart Analysis
Analysis of GBPUSD
Fundamental Analysis
Despite an improvement in consumer sentiment, UK retail sales logged a notable decline in June amid election uncertainty and poor weather, data showed Friday. Retail sales decreased 1.2 percent month-on-month in June, in contrast to the 2.9 percent increase posted in May, the Office for National Statistics said. Sales were expected to log a moderate 0.4 percent fall.
GBPUSD Chart Analysis
Analysis of GBPJPY
Fundamental Analysis
The Japanese yen weakened against other major currencies in the Asian session on Friday. The yen fell to a 1-week low of 177.52 against the Swiss franc, from yesterday’s closing value of 177.25. Against the euro, the pound and the Canadian dollar, the yen slipped to 2-day lows of 171.88, 204.23 and 115.17 from yesterday’s closing quotes of 171.44, 203.67 and 114.79, respectively. If the yen extends its downtrend, it is likely to find support around 181.00 against the franc, 176.00 against the euro, 210.00 against the pound and 118.00 against the loonie.
GBPJPY Chart Analysis
Analysis of XAUUSD
XAUUSD Chart Analysis
Analysis of WTI
WTI Chart Analysis
Conclusion
You can update your knowledge bank by hooking up to our online webinars on a weekly basis for free. Join us at: https://my.dbinvesting.com/links/go/955