- The document analyzes major currency pairs, gold, and crude oil using technical indicators on hourly charts. It provides buy and sell signals for each asset along with target prices and stop losses.
- Recent economic data is also summarized, including figures from Japan, South Korea, Singapore, and upcoming data from the US on personal spending, income, inflation, and consumer sentiment.
- No significant economic events are scheduled for the day. Traders are advised to watch for fundamental news and trade with tight stop losses due to high volatility.
3. Headlines
• Japan Tokyo Core CPI y/y stands at 0.2 pct vs previous released 0.2 pct.
• Japan Tokyo CPI y/y stands at 0.3 pct vs 0.4 pct previous released.
• South Korea consumer confidence stands at 81.8 vs 77.6 previous
released.
• Chinese banks will be closed in observance of the Dragon Boat Fesval.
• Singapore industrial producon m/m stands at -16.5 vs -0.5 previous
released (expected -6.0).
4. Economic Data Ahead
• (0830 ET/1230 GMT) U.S. personal spending m/m, previous -13.6,
expected 8.9 pct.
• (0830 ET/1230 GMT) U.S. personal income m/m, previous 10.5,
expected -6.0 pct.
• (0830 ET/1230 GMT) U.S. core PCE price index m/m, previous -0.4,
expected 0.0 pct.
• (1000 ET/1400 GMT) U.S. revised UoM consumer senment, previous
78.9, expected 79.1.
7. What Chart Says, This Week?
• We are presenting an analysis for Major Currency Crosses, Gold &
Crude for June 26, 2020
• This is a broader picture how things may move as per Charts.
• Traders are advised to have a close look on fundamental events
during the day.
• Due to High volatility, keep your SL & TP to manage RISK:REWARD
Ratio
• Trade Less…Trade On Perfect Levels….