Important upcoming events and publications for June 6 (GMT):
08:55 BoE’s Carney Speech. Risks for GBP: high. The speech at the meeting of the Institute of International Finance will draw attention to possible hints at a reversal of the BoE’s policy towards easing, which can cause a weakening of the pound.
11:45 ECB’s monetary policy decision. Risks for EUR: high. No policy changes are expected, but accompanying comments may cause a surge in volatility in pairs with Euro.
12:30 ECB Press conference. Risks for EUR: high. Draghi’s comments on the assessment of the current situation and the prospects of monetary policy often cause the sharpest fluctuations for the single currency.
12:30 U.S. Initial Unemployment Claims. The number of initial claims remains close to 49-year lows. However, very weak employment figures from ADP have caused the markets to be wary.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
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