Trade ideas for June 14-18
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
Important indicators may push the GBP up
Great Britain will release the level of GDP growth and manufacturing production on August 9, at 11:30 MT time.
The level of GDP growth measures the economic activity of a country. Last time it advanced by 0.5%, which was in line with the forecast. Analysts expect the indicator to remain at the same level this time. As for manufacturing production, which represents the value of output produced by manufacturers, it increased by the lower-than-expected 1.4% (vs. the forecast of +2.2%). According to the forecasts, the indicator will decline by 0.1% during Friday's release.
• If the actual figures are higher than the forecasts, the GBP will strengthen;
• If the actual figures are lower than the forecasts, the GBP will weaken.
Similar
The GBP may be supported
Great Britain will publish its trade balance for April on June 11, at 09:00 MT time.
The pack of PMIs to boost the euro
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
Latest news
NZD Rises on Strong Job Data and Other News
Read a short market wrap before trading today!
The USD Awaits Key Jobs Data
The United States will publish the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT (GMT+3) time on August 6.
Gold May Form Double Top & Flat Strategy for S&P
Our analyst discusses the latest news and shares his trade ideas on gold, EUR/USD, and S&P 500. Jump in!
Deposit with your local payment systems
