China will not be intimidated by tariffs, Two tankers lifted oil, & Greece has a good economy again?
Greek’s economy has produced some of the top stock returns this year, as a country that had been bailed out years before is back on the rise. Affects the EUR
China’s commerce ministry said on Thursday Beijing will not succumb to any “maximum pressure” from Washington attempting to force China into accepting a trade deal will fail. Affects the S&P 500
Two oil tankers in the Gulf of Oman were attacked, bringing doubt to supply from the Middle East. Affects Brent
Italy is under scrutiny for their current debt standing within the EU. Affects the EUR
The Australian dollar declined and the three-year yield dropped below 1% for the first time after the unemployment rate rose more than expected. Affects AUD
The Chinese Industrial Production (YoY) for May, is expected to remain at 5.4%. This will affect the RMB.
The Russian Interest Rate Decision for June will be announced and is expected to be 7.50%. Affects the RUB.
The U.S. Core Retail Sales (MoM) for May will be released. The numbers are expected to have risen to 0.5% from 0.1%.
The attacks on two tankers in the Gulf of Oman have brought up fears of a Middle Eastern supply.
Prices shot up when the news was released and will likely settle with a new support level around 61.25.
This metal’s 4H TF has shown a Three Outside Up pattern indicating a return to its slow uptrend.
This pair’s 1D TF has shown a Three Outside Down pattern signaling a continuation of its downtrend.