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.
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
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