The Fed is holding the balance, but for how long? The Fed's June minutes land on Wednesday and the tone is expected to lean hawkish. New Chair Kevin Warsh stripped forward guidance from the statement and declined to submit his own dot, leaving markets with fewer signals than they're used to.
With inflation still running above target and several policymakers projecting an interest rate hike this year, traders want details: how close is the Fed to actually raising rates?
Gold, USD pairs, and US indices are all watching.
How are you reading it?
With inflation still running above target and several policymakers projecting an interest rate hike this year, traders want details: how close is the Fed to actually raising rates?
Gold, USD pairs, and US indices are all watching.
How are you reading it?
π GBPJPY extends its rally! π
The pair rebounded above its ascending trendline and pushed past the last swing high near 218.00βnow eyeing the 100% Fib Extension, with higher swings and diverging bullish EMAs powering the uptrend. πͺ
π Key levels to watch:
β Breaks above 219.80 β eyes on the 127.2% Fib Extension at 222.30
β οΈ Slips below 219.80 β watch for a retracement toward support at 218.00
Bulls charging ahead. π
The pair rebounded above its ascending trendline and pushed past the last swing high near 218.00βnow eyeing the 100% Fib Extension, with higher swings and diverging bullish EMAs powering the uptrend. πͺ
π Key levels to watch:
β Breaks above 219.80 β eyes on the 127.2% Fib Extension at 222.30
β οΈ Slips below 219.80 β watch for a retracement toward support at 218.00
Bulls charging ahead. π
π NZDUSD fades after testing 0.5860! π»
The kiwi briefly pushed higher before slipping backβbroader lower swings hint at more downside ahead. π
π Key levels to watch:
β οΈ Breaks below both EMAs & 0.5780 β eyes on the next support at 0.5720
β Holds above 0.5780 β expect consolidation in the 0.5780β0.5860 range
Bears keeping the pressure on. π
The kiwi briefly pushed higher before slipping backβbroader lower swings hint at more downside ahead. π
π Key levels to watch:
β οΈ Breaks below both EMAs & 0.5780 β eyes on the next support at 0.5720
β Holds above 0.5780 β expect consolidation in the 0.5780β0.5860 range
Bears keeping the pressure on. π
Here are the important upcoming news events that could affect your trading. Learn more: https://exness.social/4gF2Ndl
www.exness.global
Economic calendar tracking global market events and releases | Exness
Track key market events with the economic calendar from Exness. Use the calendar to follow scheduled economic data and announcements.
Here are the important upcoming news events that could affect your trading. Learn more: https://exness.social/4gF2Ndl
www.exness.global
Economic calendar tracking global market events and releases | Exness
Track key market events with the economic calendar from Exness. Use the calendar to follow scheduled economic data and announcements.
Here are the important upcoming news events that could affect your trading. Learn more: https://exness.social/4gF2Ndl
www.exness.global
Economic calendar tracking global market events and releases | Exness
Track key market events with the economic calendar from Exness. Use the calendar to follow scheduled economic data and announcements.
π AUDUSD breaks out to the upside! π
The aussie rose above its ascending channel's upper boundβdiverging bullish EMAs confirm the accelerating uptrend. πͺ
π Key levels to watch:
β Breaks above 0.7180 β eyes on the previous high near 0.7280
β οΈ Returns below the upper bound β watch for a decline toward support at 0.7080
Bulls picking up speed. π
The aussie rose above its ascending channel's upper boundβdiverging bullish EMAs confirm the accelerating uptrend. πͺ
π Key levels to watch:
β Breaks above 0.7180 β eyes on the previous high near 0.7280
β οΈ Returns below the upper bound β watch for a decline toward support at 0.7080
Bulls picking up speed. π
π NVDA slips into consolidation! βοΈ
Nvidia briefly retested 228.00 before breaking below 218.00 and sliding toward EMA63βnow hovering between both EMAs, pointing to a sideways stretch. π
π Key levels to watch:
β οΈ Stays below 218.00 β expect sideways action in the 200.00β218.00 range
β Reclaims 218.00 β room to advance toward resistance at 228.00
Waiting for the next move. π
Nvidia briefly retested 228.00 before breaking below 218.00 and sliding toward EMA63βnow hovering between both EMAs, pointing to a sideways stretch. π
π Key levels to watch:
β οΈ Stays below 218.00 β expect sideways action in the 200.00β218.00 range
β Reclaims 218.00 β room to advance toward resistance at 228.00
Waiting for the next move. π
π AUDUSD holds its bullish structure! π
The aussie retested 0.7200 before easing backβhigher swings and diverging bullish EMAs point to strengthening momentum within the uptrend. πͺ
π Key levels to watch:
β Holds the trendline & breaks above 0.7200 β eyes on the next resistance at 0.7280
β οΈ Breaks below the trendline & EMA21 β watch for a decline toward support at 0.7110
Bulls keeping the edge. π
The aussie retested 0.7200 before easing backβhigher swings and diverging bullish EMAs point to strengthening momentum within the uptrend. πͺ
π Key levels to watch:
β Holds the trendline & breaks above 0.7200 β eyes on the next resistance at 0.7280
β οΈ Breaks below the trendline & EMA21 β watch for a decline toward support at 0.7110
Bulls keeping the edge. π
π ETHUSD holds its bullish base! π
Ethereum broke above 2,350 and is consolidating in the 2,350β2,550 rangeβstaying above diverging bullish EMAs, the uptrend potential remains intact while the market waits for a breakout trigger. πͺ
π Key levels to watch:
β Closes above 2,550 β eyes on the next resistance at 2,780
β οΈ Breaks below 2,350 & EMA30 β watch for a decline toward support at 2,150
Coiling up for the next leg. π
Ethereum broke above 2,350 and is consolidating in the 2,350β2,550 rangeβstaying above diverging bullish EMAs, the uptrend potential remains intact while the market waits for a breakout trigger. πͺ
π Key levels to watch:
β Closes above 2,550 β eyes on the next resistance at 2,780
β οΈ Breaks below 2,350 & EMA30 β watch for a decline toward support at 2,150
Coiling up for the next leg. π