Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.165 is trading slightly below support a 94.2 on daily and 3 day candles. A clear break below 94 negates the near term rise to 95-96. The ECB meet’s outcome today could decide the direction. EUR (Euro) at 1.1736 is testing resistance at 1.174, A clear…

United States Oil (USO) larger-than-expected drop in weekly inventories

United States Oil (USO) larger-than-expected drop in weekly inventories Oil ended higher on Wednesday, with the U.S. benchmark extending gains after a larger-than-expected drop in weekly inventories. Futures rose as much as 0.6 percent in New York after adding 0.9 percent on Tuesday. U.S. inventories of crude, gasoline and distillates fell last week, the American…

Trade War Latest News

Chinese Foreign Ministry spokesperson Geng Shuang said Wednesday that there was “no winner in a trade war,” calling on the United States to withdraw from the wrong path and not to go any further. The Trump administration announced it would provide up to 12 billion U.S. dollars in aid to U.S. farmers impacted by ongoing…

US Economy Remains Strong

US Economy Remains Strong The Chicago Fed National Activity Index (CFNAI) rebounded to +0.43 in June from -0.45 in May, pointing to a rebound in U.S. economic growth in June, the Chicago Federal Reserve Bank announced on Monday. The CFNAI is a weighted average of 85 existing monthly indicators of national economic activity. A positive…