Will the economic data drive the USD up?
The United States will release retail sales and producer inflation (PPI index) numbers at 15:30 MT time on June 15.
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EUR/USD is in focus ahead of US inflation and ECB
The US inflation will come out today at 15:30 GMT+3. Traders can’t wait to see the numbers as they will impact all the pairs with the USD!
The Fed’s meeting will drive the USD
The Federal Reserve will release its statement and announce its interest rate decision at 21:00 MT time. Then, at 21:30 MT time, the central bank will hold a press conference.
The GBP may be supported
Great Britain will publish its trade balance for April on June 11, at 09:00 MT time.
Markets are calm ahead of US inflation
The traders’ focus remains on Thursday’s report on US inflation, which may push the Federal Reserve to start discussing tapering bond-buying.
How the ECB may move the euro?
The European Central Bank plans to post its monetary policy statement together with the interest rate on June 10, at 14:45 MT time.
Will the CAD strengthen more?
The Bank of Canada releases a monetary policy statement with an update on the interest rate on June 9, at 17:00 MT time.
Trade ideas on June 7-11!
Don’t expect to relax after a super volatile previous week! The market is getting ready for yet another roller-coaster!
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