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Jun 02 - 02:55 AM

EUR/USD - Busy On Trump Tariffs, Commodities Up, Stocks Lower

By Andrew Spencer  —  Jun 01 - 11:57 PM

• +0.1% in a 1.1341-1.1382 range - off the early Trump tariff led highs

• Commodities up, Brent +2.3%, US copper +3.6%, stocks lower, STOXX 50 -0.3%

• China rejects Trump's accusation, EU bristles at US proposals in Asia

• U.S. diplomacy appears aimed at the social media audience in the U.S.

• Polish conservative Nawrocki, inspired by Trump, leads the presidential vote

• Charts - neutral daily momentum studies and 5, 10 & 21-day moving averages

• 21-day Bollinger bands gently expand - daily chart shows no strong bias

• 1.1278 21-day moving average, then 1.1211 low last week are initial supports

• 1.1425 April 25th high and 1.1437 upper 21-day Bolli band first resistance

• 1.1345, 983mln, 1.1350 1.692 BLN, 1.1365 678mln close June 2nd strikes
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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