London Market Open – June 28th, 2022

The US Dollar is bouncing back heading into Tuesday trading.  USD/JPY was trading near 135.70 while EUR/USD is back below 1.0600.

The Britsh Pound looks like it could struggle the most over the the course of the trading day as it was already down to 1.2260. After testing the 1.2000 level earlier in June and run back down looks increasingly likely.

WTI Crude Oil is looking to re-test $110.00 per barrel to the upside as demand resumes.

GFK Consumer Confience data out of Germany came in line with expectations with a release of -24.6.

Bitcoin remains subdue as it trades near $20,800. The longer it remains in this tight range, the increased likelihood of another big breakout in the coming days.