United States, which will keep the markets with the mixed dollar

Hi friends, good day. Tuesday's session will be limited by US Independence Day, which will keep the markets without American activity.

However, there were interesting movements in the previous hours,
 with a dollar that does not manage to assert itself against the main currencies, although with mixed behavior in some crosses that project it upwards for the rest of the week.

In this context, the euro is yielding positions from its close to 1.1430 on Monday, presenting a bearish correction that, as long as it remains above 1.1275 (61.8% of the last bullish move), will have room to return to grow. However, the rise that brought the euro to the level mentioned does not have much support in the news. Only a few comments by ECB President Draghi on a likely cut in stimulus plans for the economy should not, in principle, push the single currency much higher. It should be noted that the ECB rate remains zero, while that of the Fed increases periodically, and is already in the range of 1 to 1.25%.

The Sterling, meanwhile, after a strong bearish correction on Monday, grows again at the date, despite some data known in the UK at first that did not favor. Exceeding 1.2950, ​​a little unlikely because of the low turnover, will lead the pound to 1.30 again, a level that violated last week.

The yen, meanwhile, grew up in the first hour, led by versions that North Korea launched a missile in Asian time. Since these versions are still not confirmed, and there is a lot of confusion about this, the yen growth slowed at 112.73, the USD / JPY pair is again bullish. However, the yen seems to have free ground to recover for the rest of the week.

Strong have been, with hours difference, the decreases of the ounce of gold and the Australian dollar. The precious metal gave up more than $ 20 at the start of the week, and it will take time to recover. Only the $ 1240 break, unlikely at this time, could give it a bullish boost.

As for the Aussie, it lost positions after the announcement of the RBA's monetary policy statement, which left the interest rate unchanged. The later text did not conform to the markets, which punished the Australian dollar with a decrease greater than 120 points from the highs of last week.

Little is left for this Tuesday. Probably see a recovery of the dollar until the closing of the European session, against the euro and the yen, and a rise of the pound. The best thing is, then, to analyze the markets to return to the activity early Wednesday.

USD	SELL	BUY	ACTUAL	S1	S2	R1	R2
AUD	0.7580	0.7635	0.7606	0.7585	0.7550	0.7630	0.7655
CAD	1.2945	1.3005	1.2975	1.2950	1.2930	1.3000	1.3030
EUR	1.1320	1.1370	1.1344	1.1325	1.1295	1.1365	1.1395
GBP	1.2880	1.2955	1.2914	1.2885	1.2850	1.2945	1.2980
JPY	112.90	113.40	113.17	112.95	112.70	113.35	113.60
CHF	0.9630	0.9684	0.9651	0.9635	0.9610	0.9680	0.9700
MXN	17.9400	18.1000	18.0240	17.9600	17.8800	18.0800	18.1600
GBP/JPY	146.05	146.65	146.35	146.10	145.80	146.60	147.00
EUR/JPY	128.00	128.75	128.43	128.10	127.70	128.70	129.00
ORO	1218.00	1234.00	1225.10	1220.00	1214.00	1232.00	1240.00

TRANSCRIPTION OF THE PREVIOUS DAILY COMMENT

Hi friends, good day. It ends the month with a weakened dollar on almost all fronts, as a result of the changes in course central banks are promising for the rest of the year.

Among them was highlighted this week the presentation of the head of the Bank of Canada, Poloz, who spoke directly to raise interest rates of the entity in the coming months. Currently, the reference rate is at 0.5%, after having been cut last for May 2015.

The Canadian dollar reflected the words of the official with a strong growth that he experienced especially since Wednesday, being, along with the euro, the currency that best behavior has shown in this last part of the month. Its current price is 1.2972 against the dollar, below the strong level of 1.30, which won with eye-catching ease in the last hours.

However, the publication of the GDP of Canada, which will take place at 8:30 in the east, could put a brake on the Loonie. This country is one of the few that measures its GDP on a monthly basis, and publishes its figures about 60 days after the end of the month analyzed. The forecast is a 0.2% increase, compared to the previous 0.5%, a significant drop that could lead to a trend change in the USD / CAD in the short term.

The 4-hour chart of this cross shows a level of over-sale that invites you to take upward positions. Exceeded the level of 1.30, now firm resistance, 1.3030 and 1.3075 will be the targets to consider.

The rest of the currencies could accompany this likely bearish correction of the Canadian dollar. The euro stretched its gains to 1.1446 in the first hour, this being the highest value of the single currency in the year, and a year to date. While still trading above 1.14, the near 1.1390 ​​break could open the door to a major bearish correction in the EUR / USD pair, with the following supports at 1.1370 and 1.1340, representing 38 , 2% of the last bullish movement of the crossing.

The British pound, which at times topped 1.30, retraced its steps in the last few hours, and while maintaining a short-term bullish trend, could also correct in the opposite direction during the American session. Two data already known in the United Kingdom that did not significantly change the pound (current account and final GDP in the first quarter), the current price of 1.2978 is half way between a larger increase, which could crystallize alone to the break of 1.3005, and a modest low, below 1.2950.

In yen, it moves with strong speed in these hours, and at the moment recovers almost 100 points from its minimum of 112.89 the day before. The 4 hour chart is neutral, with no clear direction for the American session. But the break of 111.70 could lead to a favorable yen movement for the rest of the day, which will target 111.30 in its case.

The day's agenda, which includes the usual end-of-month data such as spending and personal income figures, Chicago PMI and University of Michigan / Reuters consumer confidence, will not radically change the outlook.

Friends, have an excellent day of operations, and a very good weekend and month. We meet again next Monday, until then.