U.K. Cyber Attack

Fewer than 90 email accounts are believed to have been hacked in a “sustained and determined” cyber-attack on Parliament on Friday. MPs stated that they could not access their emails after the attack began and cited possible danger of blackmail as a possible motive. In this regard, the spokesman said that this was a result of “weak passwords” and an investigation has already been launched on this matter. Germany’s Ifo Business Climate Index for June is due to be released at 08:00 GMT today.

source: the guardian, CNBC

U.S. will release its Core Durable Goods Orders for May at 12:30 GMT today and this data is crucial for the manufacturing field. Higher readings for this one is expected to generate positive trends for the U.S. dollar. Meanwhile, Asian shares edged up on the market on optimism about global growth. As such, the Nikkei 225 rose by 0.1 percent and the S&P/ASX 200 gained 0.07 percent. Many markets are closed for the Eid al-Fitr festival today.

Another event not to be missed today is European Central Bank President, Mario Draghi’s speech that will be delivered at 17:30 GMT. Elsewhere, New Zealand will report its Trade Balance for May at 22:45 GMT and this event could affect the New Zealand dollar, pay much attention to this. Otherwise, crude futures inched up by more than one percent earlier on a weaker dollar. The U.S. dollar declined against other major peers in today’s trading session.

Technical Analysis

EUR/USD

EUR/USD

On Friday, the EUR/USD recorded huge sets of momentary jumps as from 11:00 UTC as it traded at $1.11663 to close this bullish trend by 14:00 UTC at $1.11997. However, it shifted to a much volatile trend immediately after, till the end of its session. Today, the asset opened on a bearish candle at $1.11997 at 00:00 UTC and was seen moving further downwards. . The Long Term tool can be used to trade this one today.

GBP/USD

GBP/USD

A glimpse at the GBP/USD on graphs, clearly depicts a positive trend for this asset as it was seen on many bullish candles since last Friday. It gained momentum as from 05:00 UTC at the 1.27006 level to end this uptrend by 08:00 UTC at the 1.27307 level on Friday. In today’s trading session, it is seen much volatile and it was last quoted down at $1.27427 around 04:00 UTC. It may pick up some height later during the day.

SPX500

SPX500

The S&P 500 is seen performing impressively on the market since last week, on Friday, it was quoted at a record high at 24402 points around 17:00 UTC, after having recorded several momentary jumps. This index started the week on a positive note today with few bullish candles and reached 2438.7 points by 02:00 UTC. According to the Ichimoku Cloud indicator, it is expected to fluctuate for the next few hours.

Things to watch on the market

Tip 1

Consider trading assets such as the EUR/USD, EUR/GBP, the German DAX and the FTSE 100 as these could be highly impacted after the Ifo event.

 

Tip 2

The AUD/USD, GBP/USD and the USD/JPY are available for trade on the FX/CFD tool today. Also, consider trading Wall Street indices as the S&P 500 closed higher on Friday and it may continue this uptrend today.

 

Tip 3

Consider trading the EUR/JPY, EUR/NZD and the NZD/USD on any trading tools available on our website.