Weekly Strategy - Trump - Kim Chen Un Meeting And Fed Interest Rates Decision On Focus This Week

Discussion in 'General Trading Discussion' started by World-Signals.com, Jun 11, 2018.

  1. World-Signals.com

    World-Signals.com Active Member

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    EURUSD (1.1796)
    Trend: Neutral/Downward
    Support/Resistance: 1.1510 - 1.1890
    The politic is more important this week than the fundamental events. Probably the event for the year is the expecting meeting on Tuesday in Singapore between Trump and Kim Chen Un. The results by the Singapore meeting are important for the forex market and the Dollar.
    The other key event is from the last week in Canada. The faction in the Group of G7 will cause influence over the financial markets and mainly in Euro - Dollar.
    The major fundamental event is schedule for Wednesday FOMC Interest rates decision. It is widely expecting Fed to hike the interest rates with 25bps to 2.00%. ECB interest rates decision is schedule for Thursday but is not expecting changes.
    As overall the events may support the Dollar as we can see levels again back down to the key support at 1.1510. World-Signals.com trading strategy this week as overall is to trade into neutral direction and after the mid of the week into downward direction.
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    Nothing is ever straight forward where Donald Trump is involved lol Safe to assume that currency markets will be volatile ahead of, during and after the meeting :)
     

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