Important financial market data on 11 June 2019

10:30 UK/GBP Average income incl. bonus (April)

10:30 UK/GBP Employment change in May

14:30 USA/USD PPI May

Analysis EUR/USD

After last week's gains, the Euro stabilized above the 1.13 USD level against the greenback yesterday. The PPI at 14:30 could give the pair a little push if the data deviates more from the forecast. Larger movements are unlikely. If the data turns out worse than expected, a rise to the 1.1347 level may be possible. With better data, a bearish move to 1.1290 might be possible.

Analysis GBP/USD

The British Pound completely relinquished Friday's gains yesterday and fell below the 1.27 USD mark. Forecasts for today's expected figures from the British labor market are already showing a slightly negative picture. The statements from three MPC members at 11:00 a.m. could also have an impact on today's price. If the forecasts are exceeded, the price could pass the 1.27 mark again, with 1.2730 as the first target. If the impulse is negative, the target could be 1.2655.

Analysis EUR/GBP

The British pound has been steadily weakening against the euro since 7th May. A trend change is not expected today and on the upside the first target could be 0.8940. If the employment data provides a positive impulse for the Pound, the first target would probably be 0.8906. If the price breaks through the 0.89 level, 0.8880 would be the next target.

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Disclaimer

The opinions of the author to market behaviour does not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you trade leveraged financial products, you must be aware that a loss up to the amount of your deposit is possible, and in addition can also be an obligation to arise. Make yourself familiar with active trading or get independent advice before you invest your own money and use only money to invest that you can lose in the worst case