EUR/USD And USD/CAD Daily Forecast - 12 July 2018

Week Ahead: Stocks, USD Gain, But Yields Signal Risk-Off Headwinds Upcoming

EUR/USD And USD/CAD Daily Forecast - 12 July 2018

By Jason SenForexJul 12, 2018 03:55AM ET

www.investing.com/analysis/eurusd--usdcad-daily-forecast--12-july-2018-200330507

EUR/USD And USD/CAD Daily Forecast - 12 July 2018

By Jason Sen | Jul 12, 2018 03:55AM ET

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EUR/USD & USD/CAD Performance Chart

EUR/USD topped exactly at resistance at 1.1750/60 as predicted (nice chance to short the high of the day) as we target minor support at 1.1660/55. Further losses are likely for 1.1630/25 then 1.1585/80. A retest of 1.1510/00 would not be a surprise. Gains are likely to be limited with resistance at 1.1725/30. Shorts need stops above 1.1765.

USD/CAD longs at 1.3060/50 the perfect buying opportunity as we rocket through 1.3185/95 and and topped exactly at the next target 1.3220/30 as I write. Outlook remains positive as we look for 1.3260/70 and possibly 1.3300 before the weekend. Downside expected to be limited with support at 1.3180 and 1.3160. Unlikely we see 1.31355/25 but use it as a buying opportunity with stops below 1.3090.

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Central Banks

Interest Rates

Next Meeting

FED

2.50%

Mar 20, 2019

ECB

0.00%

Mar 07, 2019

BOE

0.75%

Mar 21, 2019

SNB

-0.75%

Mar 21, 2019

RBA

1.50%

Mar 05, 2019

BOC

1.75%

Mar 06, 2019

RBNZ

1.75%

Mar 27, 2019

BOJ

-0.10%

Mar 15, 2019

CBR

7.75%

Mar 22, 2019

RBI

6.25%

Apr 04, 2019

PBOC

4.35%

BCB

6.50%

Mar 20, 2019

S&P 500 Futures	2,779.12	+2.12	+0.08%
S&P 500	2,775.60	+29.87	+1.09%
Nasdaq 100	7,055.18	+32.76	+0.47%
Dow 30	25,883.25	+443.86	+1.74%
SmallCap 2000	1,570.04	+21.35	+1.38%
S&P 500 VIX	14.91	-1.31	-8.08%
FTSE 100	7,236.68	+39.67	+0.55%
DAX	11,299.80	+210.01	+1.89%

Crude Oil WTI	56.27	+0.29	+0.52%
Brent Oil	66.29	+0.04	+0.06%
Natural Gas	2.603	-0.031	-1.18%
Gold	1,327.65	+5.55	+0.42%
Silver	15.793	+0.050	+0.32%
Copper	2.816	+0.002	+0.07%
US Soybeans	907.75	-2.00	-0.07%
US Wheat	503.25	+0.37	+0.07%

SPDR S&P 500	277.37	+2.99	+1.09%
VelocityShares Daily 2x VIX Short Term linked to S	33.58	-2.06	-5.78%
Invesco QQQ Trust Series 1	171.94	+0.72	+0.42%
Direxion Daily Junior Gold Miners Bull 3X Shares	11.48	+0.64	+5.90%
VelocityShares 3x Inverse Natural Gas linked to S&	111.91	-5.86	-4.98%
ProShares Ultra VIX Short-Term Futures	46.4900	-2.3700	-4.85%
ProShares UltraPro QQQ	50.03	+0.59	+1.19%
VanEck Vectors Gold Miners	22.4300	+0.2900	+1.31%

BTC/USD	3,812.4	+120.5	+3.26%
ETH/USD	141.80	+16.61	+13.27%
BCH/USD	127.93	+6.28	+5.16%
XRP/USD	0.30800	+0.00641	+2.13%
EOS/USD	2.9856	+0.1279	+4.48%
LTC/USD	44.160	+0.970	+2.25%
ADA/USD	0.043176	+0.001530	+3.67%
XLM/USD	0.08139	+0.00348	+4.47%

EUR/USD And USD/CAD Daily Forecast - 12 July 2018

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