Approaches a topside target area The best way to characterize the GBPUSD trading is a chop higher. The price has moved higher but there are a lot of 15-20 pip moves back and forth. You can see that on the 5-minute chart below.
The USD is mixed but more lower The CAD is the strongest on hopes that they end up with an exemption for tariffs. The CHF and the JPY are fighting for the weakest as North American traders enter for the day.
McCafferty on LBC Radio Kinda stating the obvious. – Low interest rates are likely to be with us for a quite significant period of time – Sees plenty of room for more QE in the case of a downturn
EUR/CHF touches a high of 1.1640 on the day The pair is up by 0.9% today as the euro climbs on the back of ECB comments while the swissie lags behind as the market shuns at risk-off currencies on the day.
Look for sellers to lean against the level with stops above. The AUDUSD is higher today and is up testing a key trend line on the daily chart at 0.7676. The line connects highs from February, March and April. I would expect sellers against the risk defining level, with stops on a break.
Lack of key catalysts to drive direction in terms of data Good day, everyone! Hope you’re all doing well as we get into European trading later. The calendar looks a little dull in terms of key economic data but there will be some to fill the void as we move things along.
Forex and Bitcoin news for Asia trading Wednesday 6 June 2018 AUD a mover on GDP: PBOC: New Zealand: : RBA: More: The Canadian and Australian dollars were both small gainers today with news for both.
AUD leads, while the JPY lags behind The aussie is the lead gainer as improved risk sentiment in the market continues into the new week along with a beat in the Q1 GDP report earlier . That has also helped to give the kiwi a lift on the day.
Earlier posts: – Data here: Still getting a few coming in: Capital Economics expect that will linger: a lot of the softness in consumption On exports:
According to the latest Reuters poll The survey of 30 housing market specialists was conducted over the past few weeks and most respondents argued that there is a lot of uncertainty in the market as to where Brexit negotiations will lead, noting that there is a “wait-and-see attitude”.