Forex Signals Brief for Jul 8: Markets Finally Pull-Back
Rowan Crosby • 2 min read
US Market Wrap
After five straight days of gains, US equity markets finally started to slow down.
The move into Gold continues to be an interesting story with price looking to test the $1800 level which is the highest point since 2011.
The Data Agenda
The calendar today is extremely thin with very little to look out for today.
By the time we get around to the US session, the only real item on the agenda is WTI] crude oil inventories, in what is otherwise a very light day of data.
Forex Signal Update
The FX Leaders Team hit 6 winners from 7 trades yesterday, for a massive 86% win rate on the session. Keep watching the forex signals page as we look for the same type of price action today.
EUR/USD – Active Signal
The EUR/USD pulled back overnight after being one of the leading bull trades lately With that in mind we are in a long position here as price could well bounce.
USD/CAD – Active Signal
The USD/CAD has been selling off since April, and we are short looking to ride this longer-term trend.
BTC is stuck in a low volatility environment with little changes taking place in the last 24 hours. The $9,000 level below and $9,250 are the keys at the moment.