(VIANEWS) – USD/CNH (USDCNH) has been up by 3.05% for the last 21 sessions. At 19:09 EST on Tuesday, 6 June, USD/CNH (USDCNH) is $7.13.
USD/CNH’s yearly highs and lows, it’s 0.018% up from its 52-week low and 0.031% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CNH’s Forex is considered to be oversold (<=20).
- Eur/usd cautiously cheers hawkish ECB bias above 1.0700, German factory orders, EU retail sales eyed. According to FXStreet on Tuesday, 6 June, "Looking ahead, EUR/USD traders should pay attention to the risk catalysts for clear directions. ", "However, hawkish comments from International Monetary Fund (IMF) Managing Director Kristalina Georgieva and concerns about the need for the US large banks to hold more capital to battle the landing crisis prod the EUR/USD bears."
- Eur/usd clings to mild losses near 1.0700 as hawkish fed concerns gain aceptance, US data eyed. According to FXStreet on Monday, 5 June, "Looking forward, EUR/USD price remains pressured towards the previous monthly low marked on Thursday around 1.635 as traders await the US ISM Services PMI and Factory Orders for May. ", "A convergence of the 200-day EMA and an upward-sloping trend line from late November 2022, around 1.0690-85, challenges the EUR/USD bears."
- Eur/usd stays depressed near 1.0700 ahead of US factory orders, ISM services PMI. According to FXStreet on Sunday, 4 June, "It’s worth noting, however, that the market’s risk-on mood put a floor under the EUR/USD price as US President Joe Biden signed the debt-ceiling bill and avoided the ‘catastrophic’ default. ", "It should be observed that the Fed policymakers are stipulated for any public comments ahead of next week’s Federal Open Market Committee(FOMC), which in turn may allow the EUR/USD to pare some of the latest losses in a case where the US data flash downbeat prints."
- Eur/usd forex signal: muted economic calendar ahead – 05 June 2023. According to DailyForex on Monday, 5 June, "The EUR/USD price retreated slightly after a series of mixed economic data from Europe and the United States. ", "The EUR/USD pair jumped to 1.07783 on Friday and then quickly pulled back after the latest non-farm payrolls (NFP) data. "
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