The euro gained territory against the US dollar last week. The exchange rate ended the week knocking the 1.12 door.

Sterling completed the 38.20% retracement objective against the US dollar of the Brexit losses at 1.3055. The 50.00% retracement is found at 1.3430, though before it, the 1.33 level will likely offer strong resistance.

The yen reversed polarity against the US dollar. It resumed trending lower following the spark movement initiated by lower than expected retail sales and CPI figures on May 12. Resistance is now seen between the 111.80 and the 112.30 levels.

The Canadian dollar rose against the US dollar, though the pace of recovery was hindered by several lower than expected economic figures, such as retail sales and CPI. The exchange rate ended the week near the 1.35 level. Oil commodities’ rally fueled the recovery.

Brazil’s political turmoil reignited last week with local media reporting a tape that shows President Temer approving payments to jailed former lower house Speaker Eduardo Cunha.

I’ve finally recovered the losses and now my equity is above the initial one (USD100K).

During last week, I’ve profited with positions in several crosses, such as GBP/USD, USD/JPY, EUR/JPY and USD/CAD.

I finished the week with no open positions.

The investigation into Russia's involvement in the recent US election threatens Washington’s stability. Taking advantage on this, George Soros has upped what so far has been a losing bet on the U.S. stock market.
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