Forex Signals Brief for June 15: Retail Sales Ahead

Forex Signals Brief for June 15: Retail Sales Ahead
Forex Signals Brief for June 15: Retail Sales Ahead

US Wrap

Markets have been relatively quiet to open the week as most traders sit and wait on the latest data from the Fed.

Yesterday, we did see some upside in equities, however, the USD was mostly flat on the session.

Jamie Dimon pointed out that he feels inflation is here to stay, while he sits on a pile of cash waiting to invest when interest rates eventually tick up. These are two topics that are clearly on the minds of any savvy investor.

 

The Data Agenda

There are a couple of data points worth watching today, with the latest retail sales data and PPI of most interest in the US session.

Early in the day, we do get jobs data out of the UK, which will be a market mover for the GBP/USD.

 

Forex Signal Update

The FX Leaders Team had a strong session to start the new trading week, closing four winners from four trades. While we still have 7 open positions.

 

XRP – Active Signal

XRP drifted higher yesterday, however, it appears there is no end in sight to the SEC case, which has been holding down price throughout this year’s bull run.

 

ETH – Active Signal

ETH is still above the $2,500 level and got dragged along with the entire market.

 

Cryptocurrency Update

BTC is back above the $40,000 level after a couple of days of positive news headlines.

Yesterday it was Paul Tudor Jones that came out and endorsed Bitcoin and that helped pump up the sector. The day prior, Elon Musk said he was looking at having Tesla accept payments in Bitcoin once again.

For now, the sector is strong, but there are still concerns about looming regulation that needs to be taken into consideration.

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