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[QUOTE="HFM, post: 195984, member: 32345"] [b]Date : 1st June 2021. Market Update – June 1 – USD Back under pressure.[/b] [URL='https://analysis.hotforex.com/wp-content/uploads/2020/08/daily-market-update.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2020/08/daily-market-update-696x364.png[/IMG][/URL] [B]Market News Today[/B] – [B]USD weighed into the new month. [/B] [B]USDIndex[/B] down into close under 90.00 at [B]89.75 [/B]now. [B]RBA – [/B]No Change and no fuss – although they did highlight the improving jobs market, concern over housing price surge and the Covid outbreak in Victoria – [B]AUD[/B] been a good performer along with [B]GBP[/B] over night. Asian markets positive at 1-month highs, positive PMI data from JPY & CNY and AUD Housing data, lifted sentiment. Oil up ahead of [B]OPEC+[/B] meeting (not expected to discuss output beyond July and wants to wait and see what happens with Iran) “sources”. [B]Brent[/B] over $70.00, [B]USOil[/B] at [B]$67.65[/B] and 12 week highs. [B]GOLD[/B] bid by inflation worries & weaker USD – trades at [B]$1913[/B], next key resistance $1922-5. [B]This week [/B]– Heavy dose of global data – top of the shop is [B]US NFP[/B], Eurozone Retail Sales & GDP and monthly PMI data – The data could reveal the acceleration in annual inflation growth for major economies. [B]European Open[/B] – Holidays in the U.K. and the U.S. made for a very slow start to the week yesterday. Investors will be back today but trading so far has still been muted. The June 10-year Bund future is down -5 ticks, while in cash markets the 10-year Treasury rate has lifted 2.0 bp to 1.62% in catch up trade. DAX and FTSE 100 futures are up 0.4% and down -0.3% respectively, while U.S. futures are posting fractional gains. Further indications of strengthening growth are also accompanied by lingering inflation concerns and of course tapering jitters. In FX markets [B]EURUSD[/B] is little changed at[B] 1.2233[/B], while [B]Cable[/B] has lifted to [B]1.4227 Today[/B] – EZ, UK, US Final [B]Manufacturing[/B] [B]PMI[/B], EZ Flash [B]CPI[/B], US ISM Manufacturing [B]PMI[/B], Fed’s [B]Quarles[/B], Brainard, BoE’s [B]Bailey[/B] and [B]JMMC/OPEC+[/B] meetings. [B]Earnings[/B] from ZOOM. [URL='https://analysis.hotforex.com/wp-content/uploads/2021/06/2021-06-01_08-42-24.jpg'][IMG]https://analysis.hotforex.com/wp-content/uploads/2021/06/2021-06-01_08-42-24.jpg[/IMG][/URL] [B]Biggest FX Mover @ (07:00 GMT)[/B] [B]AUDCHF [/B](+0.25%) rallied from near 16- week lows on Friday’s close at [B]0.6920 [/B]yesterday to close at 0.6950. Rallied again today to [B]0.6977[/B] ahead of RBA, since cooled to support at 0.6960. MAs remain aligned higher, RSI 55.00 and now neutral, MACD histogram & signal line choppy, remain over 0 line from below. Stochs. moving lower out of OB zone from earlier. H1 ATR 0.0008, Daily ATR 0.0041. [b]Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report.[/b] Click [url=https://www.hotforex.com/hf/en/trading-tools/economic-calendar.html][b]HERE[/b][/url] to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click [url=https://www.hotforex.com/en/trading-tools/trading-webinars.html][b]HERE[/b][/url] to register for FREE! [url=https://analysis.hotforex.com/][b]Click HERE to READ more Market news.[/b][/url] [b] Stuart Cowell Head Market Analyst HotForex Disclaimer:[/b] This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. [/QUOTE]
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