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Key News

Key Reports Due (WSJ):
7:00 a.m. Jun 26 Mortgage Refinance Application Survey: Previous: +5.9%.
8:15 a.m. Jun ADP National Employment Report: Expected: -400K. Previous: -532K.
10:00 a.m. Jun ISM Mfg Index: Expected: 45. Previous: 42.8.
10:00 a.m. June Construction Spending: Expected: -1.0%. Previous: +0.8%.
10:00 a.m. May Pending Home Sales: Expected: -0.5%. Previous: +6.7%.
10:30 a.m. Jun 26 U.S. Energy Dept Oil Inventories


“The real voyage of discovery consists not in seeking new landscapes but in having new eyes.”

                             Marcel Proust

FX Trading – Lot of “key days” yesterday or just more head fakes?
A key day reversal is defined by as “a one day chart pattern where prices sharply reverse during a trend. In an uptrend, prices open in new highs and then close below the previous day’s closing price. In a downtrend, prices open lower and then close higher. The wider the price range on the key reversal day and the heavier the volume, the greater the odds that a reversal is taking place.”

Crude Oil:

British pound:

New Zealand Dollar:

Australian dollar Daily:

S&P 500 Index Futures Daily:

Gold (not quite applicable but…):

Emerging Stock Index:

Dow Jones Industrial Average:

Nothing startling here, granted; just something to be aware of if you hadn’t noticed.

Today we get ADP Employment Report.  It has been a market mover of late.