Share on facebook
Share on whatsapp
Share on twitter
Share on linkedin
Share on skype
Share on email
Share on telegram
Risk warning: Losses could exceed deposits.

Stavros Tousios, the market specialist in FXPRIMUS, here once again this week to review global markets, economies and currency pairs’ moves.

With Italian risk subsiding after a government formation risk aversion and risk-on are now somewhat rebalanced and global markets are relatively unchanged.

Since Monday Euro, Sterling and Gold rose while Dollar, Yen and Crude Oil fell. Today, I would like to focus on Oil, as we are expecting EIA to report its weekly stocks, and also, on the Euro-Dollar, as this is the most tradable currency pair and opportunities are always in play.

Starting with Euro first. [EU] Euro-Dollar traded sideways yesterday with a slight bullish bias given a calmness in Italian politics as Italy has now formed a government.

In addition, an array of somewhat satisfactory Euro-wide PMI releases supported Euro’s marginal bullishness.  With both RSI and MACD turning positive and an upward channel confirmed we could be expecting a break very soon.

[EU] As for today’s release, we have traders patiently waiting for EIAs report at 14:30 GMT, the weekly crude oil stocks report, following the same, coming from API just a day before.

[WTI] Although oil finally halted and reversed just below the 23.6% Fibo in the Tuesday session following a positive API report an array of three consecutive losing days still plays its part days before the critical June 22 OPEC meeting.

Investors do remain cautious over OPEC production concerns yet have pushed price higher following the positive report from API. Oil price may fall lower as the upside trendline break indicates. On the shorter terms, commodity trades are most likely to go long if inventories decrease, short, if inventories increase.

[WTI] You are welcome to keep a close eye the EIA report, as it will have a substantial impact on the Oil prices.

Open Account

PAMM Account

IB Account

Share on facebook
Share on whatsapp
Share on twitter
Share on linkedin
Share on skype
Share on email
Share on telegram

Leave your Questions about FXPRIMUS Mid-Week Market Analysis by Stavros Tousios 06.06.18 below

Forex Course
Haroun Kola

The London Close Trading Strategy

Discover How Shirley Hudson Consistently Trades at an astonishing +93% Accuracy While Banking a Mind-blowing 44,256 Pips Since Jan. 2010 — by Only Trading Several Hours a Day!

Forex Course
Haroun Kola

How To Combine Technical And Fundamental Analysis For A Successful Trading Strategy

Many traders these days are convinced that technical analysis is the only way to go with trading the currencies, but Jarratt Davis, the Forex Trader shows his own twist on using Fundamental Analysis in combination with Technical Analysis to become a success trader. Watch this video to understand how you to combine what you learn about chart patterns to what’s happening in the markets.

Forex Course
Haroun Kola

The London Open Trade Strategy

The London Open Trade Strategy (LOTS) is a 100%, rules-based Forex trading setup strategy created by Darko Ali and Vic Noble to help Forex traders locate and enter trades in a pre-defined way,

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. By continuing to use the site either by scrolling or navigating to another page, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings, by scrolling or navigating to another page, or you click "Accept" below then you are consenting to using cookies on this site.

Close