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.
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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