Us dollar index is moving as expected, today it reached 81.20 and a little bit higher, the plan is going fine and the trade is going with no disruption , we still have to look for FOMC and NFP, stop should be moved high to 81.80 to protect more profits, we still looking the reached 81.92 our main target.
US dollar Index
Israeli forces pounded Hamas symbols of control and the Gaza Strip’s only power plant on Tuesday in their heaviest bombardment of a 3-week offensive in Gaza, defying international demands for an immediate cease-fire after Hamas militants broke a Muslim holiday lull.
The Israeli military’s chief of staff, Lt. Gen. Benny Gantz, said the offensive against Gaza’s Hamas rulers was being “intensified.” Prime Minister Benjamin Netanyahu told Israelis late Monday to brace for a long fight.
Seventy-seven Gazans have been killed since the fresh Israeli attacks began early Tuesday, raising the Palestinian death toll to 1,156, Gaza health officials said.
In his televised address, Mr. Netanyahu had given no sign that the military would go beyond its stated goals-degrading Hamas’s rocket arsenal and finding and destroying a network of cross-border tunnels that fighters use to infiltrate Israel. The military needs about another week to accomplish that, officials had said. Continue reading
Market sentiment towards the ruble continues to deteriorate as the risk of sanctions on Russia increase says Morgan Stanley. The bank holds a negative view on the ruble, particularly as the RUB basket is still around 2.8% away from the level where the central Bank of Russia will start to intervene. It adds that the longer tensions continue, the more likely other CEE regions will be affected.
I remain bullish on Usd/Rub and the trade is doing fine.
Usd/Rub
As a timely reminder that Russia had economic problems enough even before conflict in Ukraine and the threat of sanctions, Andrei Klepach, deputy chair of Russia’s development bank Vneshekonombank, told state channel Rossiya 24 that last week’s shock interest rate hike could negate recent progress. A higher interest rate may “cancel out” or significantly damage the positive effects from industrial growth’s May pickup and the beginning of investment growth, he said. Mr. Klepach has only recently left the economy ministry, where he was considered one of the more outspoken officials.
RTS Index
The number of loans approved for house purchase in the U.K. rose more than expected to a four-month high in June, a sign the mortgage market is adapting to tougher measures designed to reign in risky lending, official data showed on Tuesday.
The Bank of England said 67,196 mortgage loans were given the green light in June, ending a run of four months of declining approvals. Economists were expecting 63,000 approvals, according to a survey by The Wall Street Journal last week. However, the June total was lower than the average of 68,240 over the previous six months and well below the pre-crisis levels of around 100,000. Continue reading
Elliott Wave Harmonic 