Today the focus is on Paris’ new exchange, Crypto regulations, and the COVID impact on Australia.
The US CB Consumer Confidence report for June will be released. Forecast: 119.0. If the results are lower than expected the USD could receive negative pressure.
Assets to trade: USD/NOK, AUD/USD, GBP/USD
The coronavirus-induced border closures and lockdowns in Australia will have an enduring impact on government coffers and population growth, according to official forecasts released on Monday. Affects AUD
The European Central Bank could end its emergency stimulus scheme next March and markets may be right in not pricing in an increase in more traditional bond purchases, Austrian central bank chief Robert Holzmann said on Monday. Affects EUR
Bank of Japan policymakers hoped that accelerating coronavirus vaccinations would prop up the economy, but saw any inflationary pressures as subdued given the fragile recovery, a summary of their debate at a June 17-18 meeting released on Monday showed. Affects JPY
President Emmanuel Macron will declare that Paris is back on the map of global finance on Tuesday when he inaugurates JPMorgan’s new trading hub in the French capital which he hopes will attract more bankers leaving post-Brexit Britain. Affects EUR
Bitcoin on Monday shrugged off a move by Britain’s financial watchdog to target the major Binance exchange, in the latest sign of regulatory pressure on the emerging cryptocurrency sector. Affects Bitcoin
The Australian economy has internally boomed, while trade has suffered during the island’s lockdown and isolation. As Japan’s recovery continues it pushes the Yen higher.
The pair is testing its support after a Bearish Engulfing signaling a potential downtrend.
This French index has landed in a channel between 6628 & 6649.
This German index is trading in a Pennant and will break out in either direction.