FXPRIMUS Weekly

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FXPRIMUS Weekly is your comprehensive technical and fundamental trading guide for the coming week! Access the latest news and in-depth technical indicator data, delivered by our market experts each and every week!

 

Market Movers

Events likely to influence the financial markets.

Last Week:

  • USD was higher on the week though softened into the end of the week on weaker than expected data with both core PCE and Q1 GDP lower than expected
  • Equities were heavily lower as China stepped up the rhetoric in the US / China trade war.
  • Oil prices collapsed further last week as concerns over the US / China trade war outstripped upside pressures from Middle East tensions
  1. Monday, June 3rd – USD ISM Manufacturing & Employment 1700
  2. Tuesday, June 4th – AUD RBA Rate Decision, 0730
  3. Tuesday June 4th – EUR CPI, 1200
  4. Thursday, June 6th – EUR ECB Rate Decision, 1445
  5. Friday, June 7th – USD NFPs & Unemployment Rate, 1530

The times mentioned above are in GMT+3 (MT4 Time).

market sentiment gauge

See how other traders are positioned.

 

EURUSD

Long: 45%
Short: 55%
Change w/w: +11%
Signal: Bearish

 

AUDUSD

Long: 81%
Short: 19%
Change w/w: -1%
Signal: Bullish

 

GBPUSD

Long: 84%
Short: 16%
Change w/w: -2%
Signal: Bullish

 

USDJPY

Long: 95%
Short: 5%
Change w/w: +13
Signal: Bullish

technical analysis

A look at our most popular trading instruments.

EURUSD
t

EURUSD has held a further test of the 1.1129 lows though remains inside the local bear channel for now, capped by 1.1217 resistance.

Support: 1.1129

Resistance: 1.1217

XAUUSD
t

Gold prices exploded higher last week, breaking above the 1303.78 level. Focus is now on a further run higher while price remains above the broken bearish channel.

Support: 1280.58

Resistance: 1321.52

AUDUSD
t

AUDUSD continues to hold above the .6864 level as the recovery grinds higher back towards the key .6982 - .7021 resistance level.

Support: .6864

Resistance: 0.6982

USDJPY
t

The breakdown in USDJPY has taken price through some key levels. 108.99 now sits above as resistance with price quickly approaching the 108.12 level.

Support: 108.99

Resistance: 10970

GBPUSD
t

GBPUSD continues to probe lower, with price last week breaking down through the bottom of the bearish channel, suggesting further downside to come.

Support: 1.2485

Resistance: 1.2802

USOIL
t

Oil crashed lower again last week trading down through the 50% retracement from 2018 lows. Focus is now on a test of next support at 51.58.

Support: 51.58

Resistance: 58

 

Using technical indicators to give an in-depth look into Indices.

Equities were heavily lower once week as tensions increased between the US and China.

RSI: 36.2865 Bearish
Stochastic: 21.1277 Bearish
MACD: -224.37 Sell
EMA* (30): 25730.7 Sell
EMA* (100): 25656.9 Sell

<a class="btn outline-btn" data-cke-saved-href="https://account.fxprimus.com/en/int-register/individual" href="https://account.fxprimus.com/en/int-register/individual" "="" target="_blank">* EMA => Exponential Moving Average

click to view charts
dow-jones

Nasdaq

Fears that China could bring rare earths exports into the trade war with the US have knocked risk appetite heavily as the market awaits the next headline from the situation.

RSI: 32.4105 Bearish
Stochastic: 16.2637 Bearish
MACD: -103.88 Sell
EMA* (30): 7437.3 Sell
EMA* (100): 7316.2 Sell

* EMA => Exponential Moving Average

click to view charts
nasdaq

Any opinions, news, research, analyses, prices or other information contained here are provided as general market commentary and do not constitute investment advice. FXPRIMUS does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.