The Current Market Sentiment
EURUSD
USD has got a considerable help from the US consumer confidence of June
as it has come over 100 and the expected was just 95.
We recommend you to be light these days waiting for the US labor
report. The market can be volatile on the waited FOMAC`s decision and its
economic assessment on outlook of further rate hike.
USDCHF
Handing over the sovereignty to Iraqis has looked to the market helping
the USD and reducing the risk in IRAQ. the USD can be negatively impacted by a wide expectation of a weak Chicago PMI data which can be followed by a weaker US ISM- manufacturing numbers
GBPUSD
GBP was negatively impacted by a slow down of the mortgage debt and the
housing prices in UK ensuring the sentiment that there is no rate hike
soon in UK. see this week CIPS data and tomorrow CBI survey.
USDJPY
JPY has got a shock from the industrial production of May it has come
.5% and some analysts were expecting 3.5% and it was generally expected
to be 2.5%. This small rise has dampen the JPY but the tankan survey is
still cooling the pair from further decline as its expected to show
further robust data from Japan.
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