Important financial markets data on 12 June 2019

10:15 EU/EUR ECB President Mario Drahi speaks

14;30 USA/USD Core CPI 

16:30 Crude Oil Inventories

Analysis EUR/USD

The pair did not reach yesterday's target until late trading and has been moving in a narrow range since then, pointing slightly higher. On the fundamental side, U.S. consumer prices could provide an impulse at 14:30 if they deviate from the forecast, otherwise the resulting uncertainty about the Fed's further move could continue to weigh on the U.S. dollar and the price could continue to move higher today. If this trend continues, the first target is likely to be 1.1355, with a stronger impulse the 1.1375 could also be reached.

Analysis GBP/USD

Yesterday, following the release of UK employment data, the pair has quite accurately reached its target of 1.2730. Today, the pair continues to move in this range and could reach the 1.2750 level with positive impulses. There is not much more room to go up at the moment, as the price may not open the door to another rise until it breaches the 1.2775 level.

Analysis USD/JPY

The Japanese yen continues to show strength against the US dollar, which is also due to good figures from the Japanese economy. The pair has already dropped about 18 pips since the start of the European trading session. If the price falls below the 108,305 level at the end of the hour, the next target could be the 108,100.

Advertisement

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