The Russian ruble has slowed down by the 63.50 level “drawing” close a small bullish engulfing as the CAD price broke the descending trend in the daily chart.
Again the US economy is without another rate hike.
The Australian currency (AUD) jumped off the 3rd point of the weekly descending channel.
The Rouble can’t beat the current as it is being dragged down to the deep end. It is “moving” around on a wide range, but what are options considering?
We think the labour market shall not surprise us this Friday.
Candlesticks have formed a bearish engulfment, which has presed against the monthly descending trend.
The latest US labour data has confirmed predictions that we made a month ago.
Considering the recession probability in the UK, the central bank may lower the interest rates.
The turmoil surrounding the UK referendum has calmed down and liquidity is returning to the markets.
The Japanese currency is approaching strong monthly resistance levels.
The polls turn up conflicting results each day.
The referendum regarding UK’s memebership in the EU is coming soon.
We can see strong signals for growth with EUR/USD.
The Fed has also been monitoring this in attempts to get clues regarding upcoming inflation.
We shall sell the GBP at the horizontal level.