Forex Signals Brief for June 27: Headlines Keep Markets on Edge - Forex News by FX Leaders
Markets are on Edge

Forex Signals Brief for June 27: Headlines Keep Markets on Edge

Posted Wednesday, June 27, 2018 by
Rowan Crosby • 1 min read

The USD staged a bit of a recovery yesterday, although the headlines keep on coming and in the process pushing markets around.

Fresh from a story about the US imposing further restrictions on China trade, we heard that Trump wants to limit all oil imports from Iran. That caused a spike in the price of Crude. At the same time stock markets bounced a touch after a day of selling.

Headed into Wednesday, we are starting to see some more data being rolled out. Particularly in the US, which will take some of the attention off the ongoing trade wars.

Forex Signal Update

The FX Leaders team put in another stellar day at the office on Tuesday, finding five winners and the one loser. This is on the back of four wins the day before. We are slowly building a strong week.

Nikkei – The Japanese Nikkei has been on the decline but we are pushing into multiple support areas.

Bitcoin – BTC is back at $6,000 and ready for yet another test. The sellers are lining up on this one.

GBP/JPY – Pending Signal

The GBP/JPY has been holding the downtrend nicely. And from a technical perspective, it looks like we are getting set for a move down. A pullback to the trendline appears the highest probability for an entry.

GBP/JPY
GBP/JPY – 240 min.
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Rowan Crosby // Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of