Trade ideas on May 29
Let’s look at main movements on the market.
Inflation data may push the USD higher
The United States will publish the level of CPI and core CPI on June 12, at 15:30 MT time.
The consumer price index represents a huge part of the overall inflation. Its core level excludes the prices of food and energy due to their high volatility. Last time the actual figures of indicators disappointed the market. The headline CPI advanced only by 0.3% (vs. 0.4% expected) and the core CPI increased by 0.1% (vs. 0.2% expected). The releases weakened the USD. Let's see what happens to the greenback this time.
• Higher-than-expected figures of indicators will push the USD up;
• Lower-than-expected figures of indicators will pull the USD down.
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All attention to AUD: cash rate and RBA statement
The Reserve Bank of Australia will make a statement and release the cash rate on Tuesday, June 2, at 8:30 MT time.
USD: support from the labor data
The US job market shows first signs of improvement. Will that help the USD?
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Trade ideas on May 29
Let’s look at main movements on the market.
EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
All attention to AUD: cash rate and RBA statement
The Reserve Bank of Australia will make a statement and release the cash rate on Tuesday, June 2, at 8:30 MT time.
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