fxsoriginal   DAILY MARKET OUTLOOK on Major
Update Time: 12 Jun 2019 05:30 GMT

EUR/USD - 1.1330
Euro's rebound to 1.1337 (New York) yesterday suggests early correction from last Friday's 10-week high at 1.1347 has ended at 1.1291 (Monday) and upside bias remains for recent upmove to head marginally above said res, however, loss of upward momentum is expected to cap price at 1.1400.

On the downside, only a daily close below 1.1291 confirms temporary top is made and risk would shift to the downside for stronger retracement towards 1.1252.

Economic calendar in the euro area is very thin with France's non-farm payrolls being the only data due out today.
We have a number of ECB officials speaking today starting with ECB President Draghi making welcoming address at an ECB conference in Frankfurt at 08:15GMT, then ECB Vice President speaking at the same event at 09:00GMT, then later ECB's Coeure at 12:15GMT n then 15:00GMT.

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD: traders set to position ahead of Fed

The EUR/USD pair moderated its advance on Friday, compliments to stronger-than-expected US data, finishing the week anyway with gains around 1.1070. Better-than-expected US data released Friday brought relief to USD bulls.

EUR/USD News

GBP/USD: Brexit optimism keeps bulls in the drivers’ seat

The GBP/USD pair has advanced for a second consecutive week, reaching Friday 1.2505, its highest since last July, and settling not far below this last. Fading odds for a hard-Brexit continue to underpin the Pound.

GBP/USD News

USD/JPY: further gains depending on risk-related sentiment

The USD/JPY pair settled above the 108.00 level for the first time since late July, closing substantially higher for a third consecutive week.  Demand for the safe-haven yen continued to be undermined.

USD/JPY News

The good, the bad and the extremely ugly crypto

XRP is in a borderline situation and with little room for doubt. Bitcoin demonstrates its power and positions itself as the emerging leader. Ethereum is in an intermediate situation, far from risk but also from opportunity.

Read more

Gold: Down for third straight week, on the defensive ahead of the Fed

Gold is set to end lower for the third straight week and will likely remain on the defensive in the run-up to Wednesday's Federal Open Market Committee (FOMC) meeting. A dovish surprise will likely put a strong bid under the yellow metal.

Gold News

Forex Majors

Cryptocurrencies

Signatures