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02 Jun 11.24
This Week: EURUSD could see one of its biggest daily moves of the year!
EURUSD has just notched its first monthly advance of 2024 so far (May 2024: +1.7%). The ECB rate decision, along with monthly US jobs report, may yet produce an 870-point trading opportunity in this first week of June.
31 May 01.51
BRN to recover above 21-period SMA (~$82.793/bbl)?
BRN bulls are attempting to recover from yesterday's (May 30th) sharp slide following comments from US Fed officials. An unexpected rise in the EIA gasoline stock change (+2.022M vs. 0.40M expected) also weighed on oil prices, suggesting weaker demand ahead of the key summer driving season in the US.