Facebook is looking toward cryptocurrency, Central banks are being watched closely, & Tensions between the U.S. and Iran continue to rise.
Brexit champion Boris Johnson took the lead yesterday making a no-deal separation more likely. Affects GBP
ECB President Mario Draghi laid out a plan to ease policy again if inflation did not head back to its targets, and that there was still “considerable headroom” to do so. Affects the EUR
The Fed is not expected to change the interest rate, though key numbers continue to fall, however, Powell may hint at a change to come. Affects the USD
Tensions between Iran and the U.S. continue to rise, the growing standoff drew calls for restraint from Russia and China, both signatories of the nuclear accord. Affects Brent
Facebook plans to launch a cryptocurrency Libra in 2020 in an effort to expand into e-commerce and global payments. Affects Facebook
Britain’s CPI (YoY) for May will be released. It is expected to come in at 2.0% slightly the previous 2.1%. Affects GBP.
Canada’s Core CPI (MoM) for May will be published. The previous report was 0.0%. Affects CAD.
U.S. Crude Oil Inventories will be available. Reserves are anticipated to have fallen to -2.033M from 2.206M. Affects USD and Brent.
U.S. Fed Interest Rate Decision will be announced. The rate is expected to remain at 2.50%. Affects USD.
With investors’ current fears of a no-deal Brexit, the British currency could sink.
The pair’s 1H TF showed a Three Black Crows signal, continuing to add strength to the downtrend.
This Japanese index’s 4H TF has shown a Three White Knights pattern indicating a strong uptrend. Though it approaches its resistance level around 21326.0.
The 1D TF has shown a Three Inside Up pattern signaling an uptrend.