Important upcoming events and publications for June 4 (GMT):
09:00 Euro area Consumer Price Index. Risks for EUR: high. It is expected a sharp slowdown in May from 1.7% y/y to 1.4% y/y against the ECB’s target of “just below 2%”. Stronger data are able to support the Euro.
13:55 Speech by fed Chairman Powell. Risks for USD: high. The speech is entitled “Monetary Policy Strategy, Tools, and Communication Practices”, and it can have a serious impact on the markets. The intention to keep the rate or soften the policy is able to put pressure on the Dollar.
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
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