Today in the spotlight — the ECB has kept its rate, the Spanish tax for the giants of the IT sector, as well as the futile trade negotiations between London and Brussels.
The European Central Bank has kept interest rates at 0%. Affects EUR
Protests in the U.S. are gradually ending amid the arrests of two more police officers in the murder case of George Floyd. Affects USD
The Minister of Energy of Russia, Alexander Novak, predicts a July shortage of raw materials at the level of 3-5 million barrels per day. Affects Brent
Spain plans to pass a tax law aimed at IT giants. Affects Google
The EU and the U.K. are still not progressing in trade negotiations. Affects GBP
There will be a report on the change in the number of people employed outside of the agricultural sector of the United States. A decline of -8 million is expected. Data below the forecast will negatively affect USD positions.
Canada’s Ivey record of business activity, the PMI will be published. If the indicator is above 22.8, CAD may strengthen.
The fact that trade negotiations between Brussels and London are going badly is not new. The parties continue to say that there is no progress. Germany suggested Britain be more realistic in its demands since the kingdom is no longer part of the EU. A week earlier, the Bank of England recommended that commercial banks get ready for life without a trade agreement.
The British pound against the US dollar is now in a great place for sales, as the chart is located near the resistance level of 1.26400.
We expect a decline from the currency pair, as the MACD indicator has formed a bearish divergence. Confirmation of the signal will be the return of quotations to the area below 113.500.
A possible decline in quotes within the boundaries of the rising channel.
AUD/CHF on this day in history
- Since 2000, June 5th has been a trading day 15 times.
- On 40% of those days, the asset finished trading with growth.
- The maximum strengthening range was 0.88%.
- The downward trend was limited to 1.62%.