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Daily Trading Opportunities - Tuesday, June 13
During the session on Tuesday, we get the German ZEW Economic Sentiment figures, the CPI numbers coming out of the United Kingdom, and the PPI numbers coming out of the United States.
What Is Driving The EUR/USD Currency Pair?
The EUR/USD is one of the world’s leading major currency pairs. For the year to date, the EUR/USD pair has gained 6.66%, but recent declines since the European Central Bank’s meeting have led to a modest strengthening of the USD.
Market In-Review: Blame It On The U.K. Elections
The USD regained power as of late, adding 0.7% weekly vs. the EUR and 1.1% vs. the GBP. The latest leg for the Greenback was achieved on Friday, after the U.K. elections failed to provide incumbent Prime Minister May a majority in parliament.
Top 4 Trading Assets To Watch This Week – Monday, June 12
The Fed FOMC is convening on Tuesday/Wednesday this week to decide upon further monetary tightening in the form of an increase to the federal funds rate.
Daily Trading Opportunities - Monday, June 12
During the session on Monday, the economic calendar is all but empty, so truthfully it should be a very technical session.
Economic Events Of The Coming Week - Monday, June 12 - 16
On Wednesday, in the U.S., May’s Consumer Price Index data will see light, followed by May’s Retail Sales data and the Fed’s rate announcement, where a hike, the second for the year, is widely expected.
How The State Of The Economy Is Going To Influence Trading Decisions
The probability of a rate hike is above 99%, indicating that the federal funds rate will rise in the region of 1% – 1.25%. This is a significant milestone for the US economy, and the global economy, since it will generate greater demand for the USD.
Gold Tumbles On European Central Bank Outlook
On Thursday, gold closed lower after the European Central Bank cut its forecast on inflation. James Comey's testimony was another event driving gold lower. Britain’s snap election weighed heavily on the gold trade which is why it finished lower.
Daily Trading Opportunities - Friday, June 9
During the session on Friday, we will have the hangover from the James Comey testimony in front of Congress, the ECB announcement, and the UK Parliamentary Elections.
Daily Trading Opportunities - Thursday, June 8
Looking at the Thursday session, it’s hard not to imagine that the UK general elections will dominate the headlines. If we cut back on it in the European Union, it’s likely to be massively supportive for the EUR.
HSBC Analysts Bullish On Tory Victory
HSBC Holdings PLC is extremely bullish, as it is pushing against its 52-week high of $44.44 per share. The 52-week low of this banking stock is $28.62 per share.
Daily Trading Opportunities - Wednesday, June 7
During the session on Wednesday, we received several announcements, not the least of which will be the Crude Oil Inventories announcement coming out of the United States and GDP for Q1 coming out of the European Union.
UK Economy Holding Steady Despite Election And Brexit Concerns
The World Bank has upgraded the UK’s economic growth prospects, thanks largely to global growth projections over the next 3 years. World Bank economists are anticipating a 1.7% annual growth rate for the UK economy.
Pfizer Posts Positive Results In Late-Stage Lung Cancer Study
The major push for Pfizer to get this drug to market would be the fact that it targets a large population. For example, there are 140,000 patients diagnosed worldwide each year with the EGFR cancer mutation.
Daily Trading Opportunities - Tuesday, June 6
During the session on Tuesday, there are a couple of announcements that could move the market, including the Canadian Ivey PMI numbers, and the Retail Sales coming out of the European Union.
Trading The GBP Ahead Of The Election
Traders can expect the volatility to continue with the GBP/USD pair for most of this week. As more UK polls are released, we will see strong movements in the cable, so quick action will be required of binary options currency traders.
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