Results of the last trading day:
On Thursday, the euro / dollar traded mixed. In the first half of the day the euro down to around 1.1179 (was under pressure from the cross pairs), the second - back to 1.1227.
Minutes of the last FOMC meeting showed that the US Federal Reserve may raise interest rates in June, subject to release strong economic performance. Here are the latest data CME Group FedWatch, decreased from 38% to 30% Thursday Chance of a rate hike in June. I think this is due to the performance of the representatives of the United States Fisher and Fed Dudley. They stated that the Fed will make decisions based on fundamental data. Nothing new, they said, but suspended the dollar's rally.
The index of leading indicators in the US in April was 0.6% (forecast was 0.6%, previous 0.0%).
Number of applications for benefits in the US unemployment rate fell to 278 thousand. Against 294 thousand. The previous week (the forecast was 275 thousand.)
The index of manufacturing activity from the Federal Reserve Bank of Philadelphia 1.8 vs. 3.5 and the previous value of -1.6%.
Market expectations for today:
Today is not rich in news. Traders will make trading decisions based on the Fed minutes and the latest published economic data. Thursday formed a reversal pattern (V).
In structure, it turned out weak, but if the cross goes into a correctional phase before the weekend, the euro / dollar rate will adjust to 1.1260. While the euro will not be corrected until the trend line, I will not consider the weakening of the euro against the US dollar.
News of the day:
- Germany will release the producer price index for April.
- An index of factory orders will be released in the UK.
- Canada will present data on consumer prices, the volume of retail sales.
- In the United States - the sale on the secondary housing market in April.
- The number of drilling rigs from Baker Hughes.
Technical analysis:
Intraday outlook: at least - 1.1196 (current in Asia), the maximum - 1.1259, closing - 1.1235.
On the evening of the goal of Euro 1.1260
Over the past twenty-six hours the difference between pairs of unidirectional reduced. The euro / dollar rose to 48 points from 1.1179 to 1.1227, EUR / GBP was down 113 points from 1.4663 to 1.4550. The spread between the pair declined due to recovery EUR / GBP cross. To increase its pushed published European statistics.
The volume of industrial orders in May amounted to -8 vs. -13 and the previous value of -11. The surplus account of the eurozone current account rebounded to 27.3 billion euros against 19.6 billion euros forecast and the previous value of 19.2 billion euros. without taking into account seasonal fluctuations surplus increased to 32.3 billion euros against 11.2 billion euros in February.
In the evening, there are data in Canada and the United States. Data on consumer price inflation in Canada and sales of existing homes in the US for a short time can cause sharp fluctuations in the market ahead of the weekend.
I believe that the pair EUR / USD is necessary to grow up to 1.1250 / 60, the pair GBP / USD - fall to 1.4490 - 1.4508. In this case, the pair are balanced at these levels. On Monday, the course will stand at that level (flat) and Tuesday, the dollar may continue its rally to all currencies.

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