EURUSD BUY -1.13312
SL-1.12944
TP1-1.13495
TP2-1.13698

EURJPY BUY -123.004
SL-122.642
TP1-123.177
TP2-123.427

USDCHF SELL-0.98933
SL-0.99311
TP1-0.98750
TP2-0.98536

USDCAD SELL-1.32509
SL-1.32822
TP1-1.32351
TP2-1.32162

CADJPY BUY -81.969
SL-81.560
TP1-82.163
TP2-82.433

GBBPJPY BUY -137.862
SL-137.427
TP1-138.056
TP2-138.320

GBPAUD BUY -1.82551
SL-1.82022
TP1-1.82774
TP2-1.83005

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RESULT

Yesterday GBPJPY BUY SIGNAL reaches target 2 and we got 45 pips profit now 🙂

Yesterday GBPAUD BUY SIGNAL reaches target 2 and we got 43 pips profit now 🙂

Yesterday GBPCAD BUY SIGNAL reaches target 2 and we got 32 pips profit now 🙂

Yesterday EURGBP BUY SIGNAL reaches target 1 and we got 11 pips profit now 🙂

Yesterday GBPUSD BUY SIGNAL reaches target 1 and we got 17 pips profit now 🙂

Yesterday GBPCHF BUY SIGNAL reaches target 2 and we got 32 pips profit now 🙂

Yesterday USDJPY BUY SIGNAL reaches target 1 and we got 14 pips profit now 🙂

The Yen continues retreating. Overview for 10.06.2019

10.06.2019

On Monday, USDJPY continues growing; the Japanese currency is under pressure.

The Japanese Yen is keeping the negative momentum and getting cheaper against the USD on Monday morning. The current quote for the instrument is 108.65.

In the morning, Japan published the final report on the GDP for the first quarter 2019. The indicator expanded by 0.6% q/q, which is a bit better than the preliminary reading. The components of the report show that the key contribution was made by the Capital Expenditure, which added 0.3% q/q against the expected reading of -0.3% q/q. The Net Export added 0.4%. In general, the GDP improves just as expected, although the Japanese economy is obviously under significant pressure due to escalated global trade wars. 

The Bank Lending added 2.6% y/y in May against the expected reading of +2.4% y/y. 

The Eco Watchers Survey dropped to 44.1 points in May    after being 45.5 points the month before. The indicator shows sentiment of large companies’ staff towards the consumer expenditure dynamics. If the value is below 50 points, pessimistic sentiment prevails. 

Another chance for the USD

10.06.2019

The level of retail sales and core retail sales will be out on June 14, at 15:30 MT time.

The indicator of retail sales represents the change in the total value of sales at the retail level. Its core level excludes the sales of autos due to their high volatility. Last time both of the indicators came out lower than the forecasts. The level of retail sales declined to 0.2% (vs. the anticipated increase to 0.2%), while its core level advanced only by 0.1% (vs. the forecast of 0.7%). If this time the situation changes, the USD will rise.

• If the actual levels of indicators are higher than the expectations, the USD will rise;

• If the actual levels of indicators are lower than the expectations, the USD will fall.

EURUSD SELL-1.12916
SL-1.13288
TP1-1.12695
TP2-1.12476

EURJPY SELL-122.757
SL-123.149
TP1-122.566
TP2-122.379

AUDUSD SELL-0.69594
SL-0.70001
TP1-0.69421
TP2-0.69257

NZDUSD SELL-0.66239
SL-0.66607
TP1-0.66091
TP2-0.65907

EURAUD SELL-1.62128
SL-1.62459
TP1-1.61930
TP2-1.61700

AUDNZD BUY -1.05254
SL-1.04875
TP1-1.05438
TP2-1.05629

EURNZD BUY -1.70781
SL-1.70408
TP1-1.71004
TP2-1.71282

GBPAUD BUY -1.82698
SL-1.82113
TP1-1.82952
TP2-1.83242

GBPNZD BUY -1.92242
SL-1.91537
TP1-1.92562
TP2-1.92915

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The Euro is reaching stability late in the week. Overview for 10.06.2019

10.06.2019

The major currency pair is less volatile late in the week, but market players remain nervous and area ready to act. 

On Friday morning, there is a slight correction in EURUSD after yesterday’s attempt of the pair to update its highs. The current quote for the instrument is 1.1267.

The results of the June ECB meeting that was over yesterday were pretty optimistic for the European currency: the regulator commented on the long-term TLTRO program, which was announced to be quite wide and intensive. In addition to that, the ECB said it wasn’t going to increase the rate until the middle of 2020 at least. Taken together, these factors helped EURUSD grow a little bit. 

In the morning, Germany is going to report on the Industrial Production for April, which may lose 0.4% m/m after adding 0.5% m/m the month before. This may make the European currency fall in the first half of the day. 

The first Friday of every month is the time when the USA are publishing Non-Farm Employment Change. The May report may show 180K after 263K in April. 

One should remember that the there is no direct correlation between the NFP and the ADP report that was published earlier. There are common aspects, but decline in one of them doesn’t necessarily mean the same in the other. 

Another important reading, the Unemployment Rate, is widely expected to remain unchanged at 3.6%. one more report that is definitely worth paying attention to is the Average Hourly Earnings. The indicator may add 0.3% m/m in May after expanding by 0.2% in the previous month. As usual, the stronger the readings, the better for the American currency.

A bit later, the USA are scheduled to report on the Wholesale Inventories for April, which is expected to remain the same as the month before. Finally, the Consumer Credit, which may show 11.5B after being 10.3B in the previous month.