Friday, January 22, 2021
Forex Broker News
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers
    Onorio

    Onorio Review

    Lucrum pro Lucrum.pro

    Lucrum Pro Review

    plutus Global homescreen

    Plutus Global Review

    jp finance broker

    JP Finance Review

    galore pro forex broker

    Galore Pro Review

    profit trade review

    Profit Trade Review

    LegacyFX Review

    LegacyFX Review

    City Index Review

    City Index Review

    Forex.com Review

    Forex.com Review

  • Broker Types
  • Forex Jobs
    • Marketing
    • Customer Support
    • Web Development
    • Compliance
    • Sales
    • Trading Solutions
    • IT
    • R&D
    • Administrative
    • Business Analyst
  • News
No Result
View All Result
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers
    Onorio

    Onorio Review

    Lucrum pro Lucrum.pro

    Lucrum Pro Review

    plutus Global homescreen

    Plutus Global Review

    jp finance broker

    JP Finance Review

    galore pro forex broker

    Galore Pro Review

    profit trade review

    Profit Trade Review

    LegacyFX Review

    LegacyFX Review

    City Index Review

    City Index Review

    Forex.com Review

    Forex.com Review

  • Broker Types
  • Forex Jobs
    • Marketing
    • Customer Support
    • Web Development
    • Compliance
    • Sales
    • Trading Solutions
    • IT
    • R&D
    • Administrative
    • Business Analyst
  • News
No Result
View All Result
Forex Broker News
No Result
View All Result
Home News Sources Leaprate

Weekly data preview: more losses for shares; covid’s second wave feared

[item_description], weekly markets analysis

Key data points

Table of Contents

  • RELATED POSTS
  • Avelacom launches connectivity, market data and infrastructure solutions on Brazil’s stock exchange
  • Nuvei announces brand merger with SafeCharge
  • NYMEX and two former employees to pay $4 million for disclosing trading information

RELATED POSTS

Avelacom launches connectivity, market data and infrastructure solutions on Brazil’s stock exchange

Nuvei announces brand merger with SafeCharge

NYMEX and two former employees to pay $4 million for disclosing trading information

Bold indicates the most important release for this symbol.

  • Tuesday 16 June, 20.30 GMT: API crude oil stock change (12 June) – previous 8.4 million
  • Wednesday 17 June, 14.30 GMT: EIA crude oil stock change (12 June) – previous 5.72 million
  • Friday 19 June, 17.00 GMT: Baker Hughes oil rig count (19 June) – previous 199

Euro-pound, daily

 

EURGBP has basically been directionless so far this month on the daily chart although volatility has been a bit higher than in April. The trajectory of covid-19 infections in the UK appears to be somewhat similar to Spain and Italy, so traders seem to expect significant improvement over the next few weeks. Meanwhile the British government continues to insist that it won’t apply for any extension to the Brexit transition period.

From a technical perspective, there appears to be a strong resistance around the 38.2% Fibonacci retracement area. This zone has withstood three tests since mid-May. Moving averages continue to indicate a buy signal, though, so any retracement downward on the lower timeframes might have limited potential over the next few days. Fundamentals are likely to be more in focus this week. Apart from crucial job data from the UK tomorrow, the BoE’s meeting on Thursday could also bring more direction to this symbol.

Key data points

ADVERTISEMENT

Bold indicates the most important releases for this symbol.

  • Monday 15 June, all day: EU-UK Brexit talks
  • Tuesday 16 June, 6.00 GMT: claimant count change (May) – consensus 370,000, previous 856,500
  • Tuesday 16 June, 6.00 GMT: British unemployment rate (April) – consensus 4.5%, previous 3.9%
  • Tuesday 16 June, 6.00 GMT: German annual inflation (final, May) – consensus 0.6%, previous 0.9%
  • Tuesday 16 June, 9.00 GMT: ZEW economic sentiment (June) – consensus 60, previous 51
  • Wednesday 17 June, 6.00 GMT: British annual inflation (June) – consensus 0.5%, previous 0.8%
  • Thursday 18 June, from 11.00 GMT: meeting of the Bank of England
  • Friday 19 June, 6.00 GMT: German PPI (May) – consensus -0.3%, previous -0.7%
  • Friday 19 June, 6.00 GMT: British annual retail sales (May) – consensus -17.3%, previous -22.6%

Dollar-yen, four-hour

USDJPY is usually one of the most affected symbols by volatility in stock markets, and the past fortnight has been no exception to this. Strong gains came in the first week of June as USTEC posted new record highs and other indices generally made gains, but losses occurred last week as all significant indices around the world retreated from their latest highs, in some cases quite sharply.

The extent of last week’s reversal seems to be excessive based on TA. Price is now below all three of the 50, 100 and 200 SMAs and the first two are likely to death cross within the next few days. Buying volume though remains very high compared with the average in May. There’s a number of important releases from Japan this week plus American retail sales that might drive a clearer direction in the short term. Buyers though should watch out for saturation given that the slow stochastic currently reads 74, very close to overbought.

Key data points

Bold indicates the most important releases for this symbol.

  • Tuesday 16 June, from 3.00 GMT: meeting of the Bank of Japan
  • Tuesday 16 June, 12.30 GMT: American retail sales (May) – consensus 8%, previous -16.4%
  • Tuesday 16 June, 23.50 GMT: Japanese balance of trade (May) – consensus -¥970.8 billion, previous -¥930 billion
  • Thursday 18 June, 12.30 GMT: initial jobless claims (13 June) – consensus 1.28 million, previous 1.54 million
  • Thursday 18 June, 23.30 GMT: Japanese annual inflation (May) – consensus 0.3%, previous 0.1%

Disclaimer: opinions are personal to the author and do not reflect the opinions of Exness or LeapRate.

The post Weekly data preview: more losses for shares; covid’s second wave feared appeared first on LeapRate.

,

Share197Tweet123ShareSend

Related Posts

Avelacom launches connectivity, market data and infrastructure solutions on Brazil’s stock exchange
Leaprate

Avelacom launches connectivity, market data and infrastructure solutions on Brazil’s stock exchange

August 31, 2020
Nuvei announces brand merger with SafeCharge
Leaprate

Nuvei announces brand merger with SafeCharge

August 31, 2020
NYMEX and two former employees to pay $4 million for disclosing trading information
Leaprate

NYMEX and two former employees to pay $4 million for disclosing trading information

August 31, 2020
Moscow Exchange’s trading volumes up 10% MoM to RUB 79.9 trillion in July
Leaprate

Moscow Exchange’s trading volumes up 10% MoM to RUB 79.9 trillion in July

August 31, 2020
Playtech takes measures to maximize liquidity
Leaprate

Playtech takes measures to maximize liquidity

August 31, 2020
Daily market commentary: Gold hits new record high (yet again)
Leaprate

Daily market commentary: Gold hits new record high (yet again)

August 31, 2020

Select one of the Best Forex Brokers for your Trading  |  Read the Reviews

Onorio

Onorio Review

Lucrum pro Lucrum.pro

Lucrum Pro Review

plutus Global homescreen

Plutus Global Review

jp finance broker

JP Finance Review

galore pro forex broker

Galore Pro Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. forexbroker.news is an affiliated partner with various Forex brokers and may be compensated for referred Forex traders.

Risk Disclosure: Forexbroker.news assumes no liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and forex signals. Operations in the international foreign exchange market contain high levels of risk. Forex trading may not be suitable for all investors. speculating only the money you can afford to lose. Forexbroker.news remind you that the data contained in this website is not necessarily real-time and may not be accurate. All stock prices, indexes, futures are indicative and not appropriate for trading. Thus, Forexbroker.news assumes no responsibility for any trading losses you might incur as a result of using this data.You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBroker.News has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBroker.News, nor shall it bias our reviews, analysis, and opinions.

  • Privacy Policy
  • Contact US
  • Terms of use,

Copyright © 2020 forexbroker.news

No Result
View All Result
  • Home
  • Forex Broker Reviews
  • Broker Types
  • Forex Jobs
    • Marketing
    • Customer Support
    • Web Development
    • Compliance
    • Sales
    • Trading Solutions
    • IT
    • R&D
    • Administrative
    • Business Analyst
  • News

© 2020 https://forexbroker.news - Forex Broker news & magazine