Today, the focus is on the new outbreaks of COVID-19, falling sales in Mexico, and the steady growth of initial unemployment U.S.
New outbreaks of COVID-19 put pressure on the stock market and oil. Affects Brent
The number of initial applications for unemployment benefits in the US grew by 1.4 million. Affects USD
The final report on U.S. GDP for the first quarter showed a decrease of 5%. Affects S&P 500
Mexico has shown a record decline in retail sales. Affects MXN
Disney delayed the opening of an amusement park in California. Affects Disney
ECB President Christine Lagarde will deliver a speech. This event may cause an increase in EUR volatility.
Basic Dollar Index
For 14 consecutive weeks, the number of initial applications for unemployment benefits in the United States did not fall below 1.4 million, which has a significant impact on the country’s economy. Nevertheless, investors see signs of stabilization and are again betting in favor of the US dollar.
The dollar index chart has not exhausted its technical growth potential. The positive trend is likely to continue to 97.65.
On June 24, a daily candle formed a pin-bar candlestick pattern. The signal has not yet been played by traders. The activation of bears is likely.
The pair’s chart formed the “flag” trend continuation pattern after the breakdown of the rising support level. We believe that the downward trend will continue.
GBP/CHF on this day in history
- Since 2000, June 26th has been a trading day 15 times.
- On 46% of those days, the asset finished trading with growth.
- The maximum strengthening range was 1.05%.
- The downward trend was limited to 0.56%.