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FX.co ★ Trader's diary for June 16, 2020

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Forex Analysis:::2020-06-16T10:19:46

Trader's diary for June 16, 2020

Trader's diary for June 16, 2020

The US market closed with strong growth on Monday. The Fed's announcement of a large-scale purchase of bonds of American companies pushed the market up. Following this, oil has also begun to roll back up. It seems like the market is playing for a quick economic recovery. In addition, current prices are too low for shale oil producers in the United States, and production and supply may decrease.

Trader's diary for June 16, 2020

EURUSD:

You may consider purchases from 1.1340 with the target of 1.1500.

We are expecting news in the USA about retail sales at 12:30 UTC.

Analyst InstaForex
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