Daily Alert: Tuesday 27th June 2017

Mark NugentDaily Alert, June 2017

Forex Analysis for Tuesday 27th June 2017

Economic Calendar

A very quiet day yesterday.

Market Reaction

Yesterday’s early rise in US equities was not sustained with all three ending up flat or down on the day. Elsewhere there is widespread consolidation. Oil moves up slowly for the third consecutive day and gold recovers from the “fat finger” event. The USD is range-bound as is the EUR, although moving up this morning on positive comments from Draghi. The JPY weakened yesterday and seems to be continuing to do so today but with less vigour. CAD and GBP consolidate as AUD and NZD continue to grind upwards. Risk tone is neutral/on.

News Media

Nothing of note.

Today’s Calendar

GBP Stability Report and Carney speech.

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