Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
LiteForex Analytics
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="MikhailLF, post: 165330, member: 42242"] Morning Market Review 2019-06-03 08:52 (GMT+2) EUR/USD EUR is actively recovering against USD after updating local lows on May 30. Technical factors contribute to the development of "bullish" dynamics, while the fundamental background for the euro remains very ambiguous. Investors fear the development of a political crisis in Italy, as well as watching the development of trade relations between the EU and the US, which have worsened after the harsh statements by Donald Trump. Published on Friday, macroeconomic indicators from Europe failed to provide significant support to the euro. Retail Sales in Germany in April decreased by 2.0% MoM, but unexpectedly increased strongly in annual terms (+4.0% YoY). German CPI in May slowed from +1.0% MoM to +0.2% MoM, which turned out to be worse than the average market expectations. Meanwhile, HCPI slowed down from +2.1% YoY to 1.3% YoY over the same period. GBP/USD GBP is trading higher against USD at the beginning of the new week, developing a correctional impulse formed at the end of the last trading week. On Friday, macroeconomic statistics on consumer lending published in the UK provided moderate support for the instrument. Net Lending to Individuals in April rose from 4.7B to 5.2B pounds, while the forecast predicted its decline to 4.6B. Mortgage Approvals in April rose from 62.56K to 66.26K, which also exceeded the market expectations (63.25K). Investors are focused on statistics on May PMI in the UK. The current forecast of analysts suggests a decrease in Markit Manufacturing PMI from 53.1 to 52.0 points. AUD/USD AUD is strengthening against USD during today's Asian session, updating local highs of May 13. Corrective sentiment on the US currency contributes to the development of upward dynamics on the instrument, while the macroeconomic background from Australia remains ambiguous. AiG Manufacturing index went down from 54.8 to 52.7 points in May. Company Gross Operating Profits in Q1 2019 grew by 1.7% QoQ only, which is almost twice as bad as market expectations. ANZ Job Advertisements in May showed a sharp decline of 8.4% MoM after rising by 0.2% MoM last month. On Tuesday, investors are waiting for the RBA decision on the interest rate, which is expected to be reduced from 1.50% to 1.25%. In the case of the implementation of forecasts, AUD may fall under pressure. USD/JPY USD fell sharply against JPY on May 31, updating local lows of mid-January. The reason for the emergence of negative dynamics in the instrument was the statements by US President Donald Trump's about his intention to sharply increase import duties on Mexican goods, if Mexico does not take measures aimed at restricting the flow of migrants. Investors fear that the implementation of Trump’s threats could have a significant impact on the US economy and exacerbate the threat of a recession, given the large trade turnover between the countries. Meanwhile, JPY is under pressure from a not too optimistic macroeconomic background from Japan. Friday statistics reflected a slowdown in growth in Retail Sales in April from +0.2% MoM to 0.0% MoM. YoY, the indicator slowed from +1.0% to +0.5%. May data released today on the Nikkei Manufacturing PMI in Japan showed an increase from 49.6 to 49.8 points, while analysts did not predict a change in this indicator. Oil Oil prices dropped markedly at the end of last week, updating local lows of mid-February. The reason for such a sharp decline of the instrument was the growing fears about global demand after statements by US President Donald Trump about the intention to increase import duties on all Mexican goods, if Mexico does not restrict the flow of illegal migrants. The opening of the new front in the US trade war serves as a source of uncertainty and threatens with the negative consequences for the world economy. Moreover, the American economy may also be significantly affected, since the trade turnover between the United States and Mexico is still very high. In addition to imports of agricultural products, the United States is actively importing oil from Mexico, so the current situation threatens with an additional decrease in demand. [img]https://c.radikal.ru/c00/1905/33/2326e1237e8f.png[/img] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…