fxsoriginal    DAILY MARKET OUTLOOK on Major
Update Time: 14 Jun 2019 05:30 GMT

EUR/USD - 1.1280
Although euro's decline from last Friday's post-NFP 10-week high at 1.1347 to as low as 1.1269 yesterday confirms recent upmove has made a temporary top there, loss of downward momentum is likely to limit weakness to 1.1252 and bring rebound later, a firm break above 1.1303/08 res would signal pullback has ended and would head back towards said Jun's high next week.

Only a daily close below 1.1252 sup would risk stronger correction towards 1.1203 before prospect of rebound.

Today is the meeting of the ECOFIN in Luxembourg, so one can expect comments from EU officials. On the data front, Germany will kick off with wholesale price index, then France's CPI. Italy's industrial orders, industrial sales and CPI.
We have ECB's Lautenschlager and Enria speaking during Euroepan morning.

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

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD defends gains above 1.1300 amid broad dollar recovery

EUR/USD defends gains above 1.1300 amid a broad-based US dollar recovery. The shared currency remains at the mercy of the broader market sentiment as the data docket is light on Monday. COVID-19 stats in focus. 

EUR/USD News

GBP/USD batting to extend gains beyond 1.2600

Risk-on mood limits the dollar’s bullish potential. GBP/USD bounces from daily lows, but Brexit concerns weigh on Sterling. BOE Governor Bailey's speech awaited.

GBP/USD News

XAU/USD inches closer to multi-year highs, trades around $1,810

The XAU/USD pair registered its highest weekly close since September of 2011 at $1,799 on Friday and continued to push higher on Monday.

Gold News

Dominance war to push Ethereum to $270

The Altcoin segment is still in full swing while the crypto board leaders, Bitcoin and Ethereum, remain stuck at the same levels as in recent weeks. The dispute for market share, or dominance in technical terms, remains at a point of maximum tension. 

Read more

WTI breaches $40 mark as talks of OPEC+ output cuts easing weigh

WTI (August futures on Nymex) extends Friday’s sell-off into the European trading this Monday, following a brief consolidation seen above $40 mark earlier in the Asian session.

Oil News

Forex Majors

Cryptocurrencies

Signatures