Trade ideas thread – European session 12 June 2023

News

It’s shaping up to be a quiet day and there might not be much in it until we get to the US CPI data tomorrow at the very least. There are some interesting technical setups in play though, so let’s take a look in preparation of the main events this week.

  • USD/CAD holding on to key trendline support (see here) of 1.3335
  • AUD/USD quietly creeping above its 100-day moving average of 0.6736
  • AUD/JPY keeps breakout above 93.00, highest since November
  • Gold holding on to 100-day moving average of $1,941
  • S&P 500 still just shy of pushing past August high of 4,325

Those will at least present some opportunities this week, regardless of whatever the Fed decides on Wednesday.

What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.

Articles You May Like

GBP/NZD Price Forecast: Correction reaches support at 50-day SMA
USDCHF Technical Analysis – Will the US Dollar reach new highs?
Sentiment Stabilization Reverses Yen Gains and Halts Gold’s Rebound
Russia deputy prime minister says oil market is balanced thanks to OPEC+
Top 10 S&P 500 stock winners since Election Day

Leave a Reply

Your email address will not be published. Required fields are marked *