WWM - Analytics


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    Weekly Market Snapshot - June 11, 2016: Forex, Equities, Commodities

    June 11, 2016 - (Weekly) FX Strength, Pivot points, Support, Resistance & Fibonacci retracement levels for Currency pairs, Dollar Index, Global Stock Indices & Commodities offered by WorldWideMarkets and Chart(s) of Interest. [US Crude Oil (WTI), EURUSD, USDJPY{updated end of week}

    • Performance [FOMC & BOJ monetary policy decisions on tap next week. BREXIT continues to roil GBP. USDJPY tepid rebound after last week's selloff portends a test of key support level @ 105.50 as the market appears primed to challenge BOJ's resolve. Yen peaked at 107.89 on 06/07/2016; Oil makes new 2016 high as it closes above $50 on renewed supply concerns. Is a test of $56.50 in the offing or will prices retreat back to the lower $40's area? Reached $51.62 on 06/09/2016; RBNZ leaves rates unchanged sending Kiwi to new 2016 highs breaching upper channel boundary. Reached 0.7146 on 06/09/2016]
    FX Weekly Performance (Strongest to Weakest)
    Strongest Weakest
    Market Best - Last Week Worst - Last Week Best - Last 2 Weeks Worst - Last 2 Weeks
    Equity USA European Union China European Union
    Commodity Natural Gas US Crude Oil (WTI) Natural Gas US Crude Oil (WTI)
    • Pivot Points & Fibonacci Retracement Levels - Weekly
      A technical analysis indicator used to try and determine the short-term trend of the market. The pivot point is the average of the high, low and closing prices from the previous trading period. If the market on the following period trades above the pivot point it is thought to be exhibiting bullish sentiment, whereas trading below the pivot point is seen as bearish. The Fibonacci retracement is the potential reversal of a financial instrument's original move in price.(click to enlarge)
    • Chart(s) of Interest - Weekly [US Crude Oil (WTI), EURUSD, USDJPY](click to enlarge)
      1. US Crude Oil (WTI)
      2. EURUSD
      3. USDJPY
    • Global Stock Indices, Commodities & USD -vs- Majors - Weekly(click to enlarge)

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