Today, the focus is on the growth of inflation in Germany thanks to news from the service sector, Boeing test flights, as well as Facebook boycott.
Inflation rate in Germany has risen more sharply than expected. Affects EUR
Boeing is reportedly testing its infamous 737 MAX. Affects Boeing
Exxon Mobil plans to downsize staff after a performance review. Affects Exxon Mobil
Companies are joining boycott of advertising on Facebook. Affects Facebook
Hong Kong’s exports continued to decline in May. Affects Hang Seng
The EU consumer price index will be released. Predicted to increase by 0.1%, if the real data is higher the EUR might increase.
Canada’s GDP (MoM) will be released. Predicted to decline by 13%, if the real data is higher the CAD may increase.
The CB consumer confidence index will be released. Predicted to come in at 91.8, if the real data is lower USD may decline.
Chair of the Fed Jerome Powell will deliver a speech. This event may have an impact on the trading session.
The Tankan large manufacturers’ sentiment index will be released. A negative value can have a negative impact on JPY.
It all started on June 28th, when the world’s largest advertiser Unilever Plc announced it will halt its cooperation with Facebook. The company’s lead was followed by Coca-Cola, PepsiCo, Honda and other companies. The Facebook administration was accused of inaction over racism speech.
Against this background, the company shares sank by more than 10%. However, the breakdown of the “Head and Shoulders” pattern signals that the negative trend will continue.
The bullish trend may continue as there is still potential for moving to the upper limit of the channel.
The chart is likely to show a steady downward trend to the support level at 0.92860.
AUD/CAD on this day in history
- Since 2000, June 30th has been a trading day 30 times.
- On 61% of those days, the asset finished trading with growth.
- The maximum strengthening range was 1.17%.
- The downward trend was limited to 0.98%.