President Trump wants a closer trade relationship with a post Brexit U.K., Apple doesn’t have a monopoly, does it? And Mexican President López Obrador sees an end to the trade dispute.
President Trump said the U.S. and U.K. could form an impressive trade deal after Brexit. Affects the GBP
Tim Cooks’ Apple is being investigated alongside other companies for misusing their massive power with consideration of breaking them into smaller companies. Affects Apple
Mexican President Andrés Manuel López Obrador said on Tuesday he expects Mexico and the United States to reach a deal over migration before tariffs are applied. Affects the MXN
The Fed has decided to let rates remain, pending further review analysis over time. Affects the USD
China’s commerce ministry urged for negotiation between the U.S. and China to continue. Affects the S&P500
Britain’s Services PMI for May will be released. A result higher or lower than predicted could mean volatility for the GBP.
The USA’s ADP Nonfarm Employment Change for May will be published. A higher than expected number will affect the USD.
The U.S.’s ISM Non-Manufacturing PMI for May comes out. Whether above or below where it is expected the USD could react.
Crude Oil Inventories in the USA are likely to shake up the international oil prices, regardless of the amount stored.
Trump actively supports the idea of Brexit and talks about the possibility of a trade deal with Britain. Though there is much disdain for the president amount the people, British leaders may see this as a saving grace in an otherwise daunting situation.
The asset is under pressure with such uncertainty around each economy. Investors see a strong bearish trend. Also, the Fibonacci fan shows hints because the price has stayed near the ray.
Gold is unlikely to break the Fibonacci’s level, the asset is also overbought.
Daily chart EUR/USD says that the currency pair may fall, because the price is near level.
This pair may rise because the chart broke at level 19.60. There was a Triple Bottom figure leading up to this.
EUR/USD on this day
- Since 2000, on June 05, it has been a trading day 14 times.
- In 50% of cases on this day the asset ended the grown.
- The maximum reinforcement range was 1,91%.
- Trend down was limited to 1,83%.