News of the day, Thursday, June 2
The USD hit a three-week high against the yen today, supported by advances in U.S. Treasury yields which have been holding near a two-week peak recently. The dollar index edged 102.25.
OPEC+ sources say Russian oil output has decreased by around 1 million …
The currency pair is traded inside the lower border span of the descendant price channel. The descendant wave structure is truncated, and Awesome Oscillator indicates bullish divergence.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure. …
News of the day, Wednesday, June 1
European stocks increased today despite worries about the region’s economic growth concerns. The DAX of Germany traded 0.6% higher, the CAC 40 in France increased by 0.4%, and the U.K.’s FTSE 100 edged 0.2%.
The USD edged higher today driven by the Treasury …
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