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

Axitrader
Haroun Kola

Weekly Outlook 27 June

Financial Markets are in turmoil following the decision by the UK to leave the EU. This looks set to continue given the developments over the weekend, which has seen the UK Labour Party unravel
and with little apparent leadership coming from the Conservatives over the direction that will now be taken. UK Chancellor, Osborne will make a statement later today on what the Government intends to do to
to attempt to provide some stability to the markets. Be very nimble in trading – and keep stops in place at all times seems to be the best plan.

Blackstone Futures
Haroun Kola

Forex Market Insight Commentary for 14 June 2018

After yesterday’s FED rate hike, the dollar initially strengthened before giving up its gains. Potential news coming out of the ECB means that we sit out of trading the euro until then and cable has a potential sell opportunity.

AvaTrade
Haroun Kola

Celebrate 10 Years of Trading With AVATrade

This month marks AvaTrade’s 10th anniversary. With integrity, constant improvement and trading with confidence as core values, they work hard to ensure that they comply with the highest of standards, creating a positive trading experience for you. As part of the festivities, they are offering you a special promotion – 100% BONUS on your first deposit until the end of this May 2016.

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