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