EURUSD remains buyer within the levels above 1.09. It is estimated that the market could anticipate the testimony of Jerome Powell boosting the dollar this week. Euro could see significant profit taking below 1.09 to 1.0850 ahead of negative production data this Friday. Attention with levels between 1.0950 and 1.0960 ideally do not keep buying at those maximums.
GBPUSD remains a buyer above 1.28. Below 1.28 the price could liquidate up to 1.2750. It is important not to anticipate sales even in the case of annual maximums. The market could have discounted inflation on Wednesday at 3:00 am ET. On Thursday we expect UK interest rates at 8:00 am with a rise of 25 basis points. It is important to consider that the market could have discounted the rate hike and could take already discounted profits.
USDCAD remains seller below 1.32. This week we have the testimony of Jerome Powell in front of the American Congress. It is possible that he maintains an expansive monetary policy stance, speculating on a rise in interest rates for next July. Selling intervals remain from 1.3280 to 1.3270 and 1.3250. If the market remains positioned above minimum levels, pay attention to potential buyers this week.
XAUUSD on 1950.0 the preference is buyer until 1960.0 and 1,970. The ounce of gold remains with a buying strategic preference. Pay attention to possible buyer positioning this week.
Leave a Reply
You must be logged in to post a comment.